General
88% of Lagos Tenants Want Monthly Rental Payment—Commissioner
By Aduragbemi Omiyale
The decision of the Lagos State government to implement a monthly rental payment scheme from next year has continued to generate mixed reactions.
While some have commended the government for the policy, others have knocked the administration of Mr Babajide Sanwo-Olu, predicting that it will not succeed.
But the state government disagrees with this, noting that it is a policy many tenants in the city want, according to the Commissioner for Finance, Mr Rabiu Olowo.
The Commissioner stated that the initiative was part of the resilience policy of the current administration, noting that the state government did a rental survey and found out that 88 per cent of tenants would rather pay their rent monthly.
“We had to pursue this by working with different relevant stakeholders and we now have a model that will work and enable Lagosians to pay their rent monthly.
“Landlords have nothing to lose because they will continue to receive their rent yearly and their default risk is zero,” Mr Olowo was quoted as saying in a statement posted on the official Facebook page of the Lagos State government.
He said the scheme will commence with the formal sector to enable them to minimise risk, saying, “We as a Ministry are already looking into the informal sector to bring them into this programme but we need to first begin with the formal sector to enable us to minimise the risk level.”
“It is easier for us to verify how much those in the formal sector earn and for us to know what we will get and how we will get it. When we succeed in this, we will roll out to the informal sector. There is an insurance pack that helps us manage all of the risks. We have a data plan that will help us fish out defaulters,” the Commissioner stated
He averred that the government is working with stakeholders, especially financial institutions, noting that the platform for the scheme is a social investment for the benefit of Lagos citizens and residents and not a money-making venture.
Also speaking on the matter, the Special Adviser to the Governor on Housing, Mrs Toke Benson-Awoyinka, stated that all modalities for the commencement of the monthly rent payment system will commence soon.
She said at the just-concluded Second Lagos Real Estate Market Place Conference and Exhibitions that the new initiative will greatly ease the burden of yearly payment on residents, assuring that landlords will, however, get their annual payment of house rent upfront, while tenants will no longer have the burden of yearly payment of a huge amount of money.
“Tenants can therefore use the yearly payment for other forms of investments or for payment of school fees as the burden of payment of yearly rent is taken away from them completely. So it is a win-win social investment scheme, it is a good one and it is applaudable,” she said.
The Special Adviser explained that for tenants interested in the scheme, they must be able to meet some requirements which include the capacity to make the payments on a monthly basis, stressing that the scheme will begin with those in the formal sector with monthly income after which the informal sector will be brought on board.
“We thank the Lagos State Governor and the entire cabinet for this wonderful initiative and I pray the scheme will not only be successful but will become a reference point in Lagos,” she said.
The Managing Director/Chief Executive Officer, Nobleserve Capital Management, Mr Korede Adeyemi, described the initiative as a market platform that speaks to social impact.
“With what we are doing, every landlord will get their rent annually and tenants at the same will have the capacity to pay their rent on a monthly basis. This platform will be demand-driven because of the convenience of payment. People will be able to log into the platform to search for houses,” he said.
According to him, the initiative is a robust system that takes care of everyone and is designed to sanitise the pricing of Lagos houses in terms of tenancy rate, noting that similar property in the same area within Lagos State can either go for the same price or lower.
Managing Partner of Charles Anthony LLP, Mr Charles Adeosun-Phillips, said it is a social welfare programme and it is a win-win for the landlords, government, financial institutions and all stakeholders concerned.
By Aduragbemi Omiyale
The United States government gave some terrorists in Nigeria a Christmas gift that sent many of them to the great beyond.
On Thursday, December 25, 2025, the United States President, Mr Donald Trump, directed his country’s military to launch air strikes on camps of members of the dreaded Islamic State in Iraq and Syria (ISIS) in Sokoto State.
According to Mr Trump, the military action, which he threatened to carry out a few weeks ago if the Nigerian government does not stop the killing of Christians in the country, occurred on Thursday night.
“Tonight, at my direction as Commander in Chief, the United States launched a powerful and deadly strike against ISIS Terrorist Scum in Northwest Nigeria, who have been targeting and viciously killing, primarily, innocent Christians, at levels not seen for many years, and even Centuries!
“I have previously warned these Terrorists that if they did not stop the slaughtering of Christians, there would be hell to pay, and tonight, there was.
“The Department of War executed numerous perfect strikes, as only the United States is capable of doing.
“Under my leadership, our country will not allow radical islamic terrorism to prosper. May God bless our military, and Merry Christmas to all, including the dead terrorists, of which there will be many more if their slaughter of Christians continues,” Mr Trump wrote on his Truth Social platform.
In a video on X, formerly known as Twitter, the Department of War of the United States posted the below video of the air strikes;
https://twitter.com/DeptofWar/status/2004351717131903272
By Modupe Gbadeyanka
The presidency has reacted to speculations that Mr Femi Gbajabiamila has been removed as the Chief of Staff to President Bola Tinubu.
It was alleged that Mr Gbajabiamila has been replaced with the President’s Principal Private Secretary, Mr Hakeem Muri-Okunola.
Mr Muri-Okunola went to Abuja to take up this role after leaving as the Head of Service of the Lagos State Civil Service.
Reacting to the reports on social media on the purported removal of Mr Gbajabiamila, a former Speaker of the House of Representatives, the presidency said no such change has been made.
In a statement signed on Thursday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, members of the public were advised to disregard the report as “there is absolutely no truth to this story.”
“The Chief of Staff remains in his position. The Principal Private Secretary likewise remains in his role. Hakeem Muri-Okunola has not replaced Femi Gbajabiamila as Chief of Staff.
“The viral claim is a fabrication by mischievous purveyors of fake news whose sole aim is to create disharmony within the government.
“We reiterate that news media should always verify their information before publishing or sharing on social media,” the statement said.
By Adedapo Adesanya
The new chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, has assumed office with a clear message to advance the country’s upstream oil and gas sector in line with the mandate of the commission as enshrined in the Petroleum Industry Act (PIA) 2021.
According to a statement signed by Mr Eniola Akinkuotu, the Head of Media & Strategic Communications at the upstream regulator, the NUPRC boss made this assertation during her first town hall meeting with management and staff on Tuesday December 23, 2025.
She further disclosed plans to make the commission a business enabler and re-ignite investments in the upstream sector.
Recall that President Tinubu nominated Mrs Eyesan to take over the NUPRC after the abrupt resignation of her predecessor, Mr Gbenga Komolafe as well as his counterpart in the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed.
In her new capacity, Mrs Eyesan also set a firm production ambition of growing Nigeria’s output and increasing gas production.
“The goal is that we must enable the industry, we are regulators. We must enable the industry from our interactions with the stakeholders, from our interactions with everybody.
“My main objective is to ensure that we make a difference. I believe the NUPRC is at the Center of the industry,” she said.
The commission boss who has served for over three decades in the oil and gas sector, promised to entrench digitisation, transparency and efficiency in operations.
The NUPRC head said with the support of staff and management, the NUPRC will become the gold-standard regulator in Africa. She also promised capacity development, stronger technical depth and sustained engagement with stakeholders, unions and professional teams.
On leadership style, Mrs Eyesan promised an open-door policy and frequent staff engagement, while also soliciting for support and cooperation as the industry embarks on the next phase of transformation.
“If we work together we can unleash opportunities, I don’t see impediments only opportunities,” she added.
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