Lagos Residents Can Challenge Arbitrary Rent Hikes – Omotoso

Reprieve is is now available for tenants in Lagos State, especially domestic residents, to combat the arbitrary rent hikes by landlords and estate agents across the state.

This was disclosed at a Joint Media and Citizens Engagement forum held earlier today by the Lagos State Commissioner for Information and Strategy, Gbenga Omotoso.

Responding to a question, the commissioner stated that while the state is desirous of promoting investment in real estate, it shunned fraudulent practices and has provided a mediation center, through the Lagos State Real Estate Regulatory Authority (LASRERA), to ensure both tenants and landlords are protected.

Providing an update on various ongoing and upcoming projects across the state, along with insights on the future of solar energy in Nigeria and Africa. Omotoso assured residents that the Sanwo-Olu administration remains committed to bringing the dividends of democracy to the grassroots by unveiling new projects in local governments and local council development areas.

One of the key developments he highlighted was the New Massey Street Children’s Hospital, which is set to become the largest pediatric facility in West Africa. This project, which is nearing completion, is expected to be commissioned later this year. Omotoso also mentioned other health sector initiatives such as the 280-bed General Hospital in Ojo, the Psychiatric Hospital in Ketu Ejinrin, and infrastructure upgrades at Ibeju-Lekki and Lagos General Hospitals, all of which will significantly expand healthcare access for residents.

Omotoso further emphasized the Sanwo-Olu administration’s focus on entrepreneurship, calling on young entrepreneurs to leverage funding opportunities from the Lagos State Employment Trust Fund (LSETF) and other state initiatives. These programs have already helped many startups become profitable and stable.

Additionally, Omotoso touched on the importance of tourism, stressing that Lagos will continue exploring initiatives to boost the sector’s contribution to the economy and position the state as a global competitive destination. Restoration efforts, including the historic Elemoro Palace and Princess Erelu Kuti Tomb, are part of the ongoing revitalization of cultural, religious, and recreational infrastructure.

On the energy front, Omotoso discussed the growth of solar energy in Africa, particularly in Nigeria, which has made notable strides despite the continent lagging behind global growth.

He acknowledged that while Africa’s solar capacity added 2.5 gigawatts in 2024, it still represents only about 1% of global total installations. However, Omotoso pointed out that Nigeria, ranked fourth in Africa for solar installations, is benefiting from favorable policy changes, including the removal of the fuel subsidy, which has encouraged the adoption of solar energy as an alternative to costly diesel generators.

He also noted that while financing remains a challenge for solar growth, the increasing affordability of energy storage solutions is helping overcome this barrier. With storage technologies becoming more integrated with solar, Omotoso anticipates widespread adoption of solar energy across Africa. He also highlighted the resurgence of utility-scale solar projects, which had stalled during the COVID-19 pandemic, and expects to see more large-scale initiatives financed by international institutions.

Despite the challenges, Omotoso remains optimistic about the future of solar energy, particularly in Nigeria. He emphasized that solar power is one of the most cost-competitive and reliable energy sources, especially in regions with abundant sunlight. He dismissed concerns that Africa’s high poverty levels would hinder solar adoption, arguing that solar is increasingly affordable and reliable, offering a sustainable solution for the continent’s energy needs.

In conclusion, Omotoso reaffirmed his optimism about the future of Lagos State’s development projects, stressing that with continued investment, technological advancements, and stronger government support, significant progress is achievable.