Governor Sanwo-Olu Cautions Lagos Landlords Against Increasing House Rents

Governor Sanwo-Olu has cautioned Lagos Landlords against increasing house rents.

 

NewsOnline Nigeria reports that Governor Babajide Sanwo-Olu has called upon landlords and property owners in Lagos State to avoid raising their rents and property values.

This Nigeria news platform understands that Sanwo-Olu’s message to the landlords and property owners comes following the recent inauguration of major infrastructure projects in the Ifako-Ijaiye Local Government Area.

In his address during the launch of the Abiola-Ajayi-Ogba and Obawole-Iju-Ishaga road projects on Monday, Sanwo-Olu emphasized that these developments are designed to address the difficulties faced by residents rather than to worsen them.

 

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The newly inaugurated 643-meter road, which includes a bridge and slip roads, provides connectivity to areas that were previously accessible only through temporary wooden bridges that required a crossing fee.

 

“I appeal to landlords and landowners: do not increase your rents and property prices. The essence of the infrastructure built is to bring relief to the people and not burden residents,” Sanwo-Olu stated.

 

The Lagos State Governor added: “I am committed to addressing the long-standing problems of communities, including flooding and commuting. These projects symbolise our dedication to improving Lagosians’ daily lives.”