Sanwo-Olu offers 14 residential floors in two years

Sanwo-Olu offers 14 residential floors in two years

By the end of 2023, Lagos Governor Babajide Sanwo-Olu will submit 35 housing plans to fill the huge deficit in the sector, Housing Commissioner Moruf Akinderu-Fatai said on Tuesday.

Of these schemes, 14 were implemented during the first two years of the Sanwo Olu administration, adding more than 7,000 affordable housing units to the market.

Akinderu-Fatai spoke about the achievements of the Ministry of Housing during an interagency briefing on Governor Sanvo-Olu’s second year in office.

He said the government has pledged to reduce the housing shortage and provide affordable housing for the largest number of residents, noting that the Sanvo Olu administration will provide 21 housing schemes by the end of 2023.

The Commissioner expressed optimism that the administration will implement its mass housing programs despite the prevailing economic situation in the country, adding that the policies launched have improved access for low- and high-income families.

He said: “The last two years have been intense for the Ministry of Housing as we intensified our efforts to implement the housing programs of the current administration. We have completed and implemented various projects throughout Lagos including Lateef Jakande Gardens in Igando, Lagos State Affordable Housing Scheme in Idal Badagri, LagosHOMS Lekki Phase 2 and Babatunde Raji Fashola Estate, Courtland Villas, Igbokushu, among others.

“We have four recently completed housing projects and are expected to be commissioned in the coming days. They live in Odo Onosa Ayandelu, Agbov, Magodo / Omol, Gbagad and Ibesh. A total of 14 projects were completed, bringing more than 7,000 affordable housing units to the market. We also have other housing projects, 21 projects in total, which are being developed at the expense of budgetary allocations and joint ventures. “

Talking about the accessibility and affordability of the schemes, Akinderu-Fatai said that the houses are for high and low income people in low-income and intelligent communities, including Igando, Igbokusu, Lekki, Badagra, Igbogbo, Odo-Onos / Ayandela, Agbova, Sangotedo. , Epe, Ilubirin, Epe and Egan-Igando.

In terms of strategies to address housing shortages, Akinderu-Fatai hinted that the state government is working with multinational development partners to build massive housing developments. He said that from now on, the provision of housing will be extended to thousands of homes, which will significantly reduce the load.

The Commissioner thanked Sanwo-Olu for his dedication and passion to ensure that as many residents as possible fulfill their dream of becoming homeowners, adding that the state government needs the support of all stakeholders to provide residents with decent and sustainable housing.

He said: “The challenge of filling the housing shortage in Lagos is a daunting task, and we are expanding our willingness for private sector actors to enter and invest in the housing sector to reduce the difficulties people face in finding decent housing.”

Akinderu-Fatai said the Lagos Mortgage Authority has stepped up its “tenancy” policy, putting many residents a notch above homeowners. He stressed that the program targeted first-time homeowners in the country, stating, “It has given middle- and low-income citizens a good opportunity to become homeowners.”

On housing projects, the commissioner said the state government was stimulating the local economy with hundreds of local workers, craftsmen, suppliers and contractors for the project.

“Many housing projects across the state are undergoing intensive construction work that revitalizes the housing value chain. The fact that construction sites are active means financial commitments for hundreds of workers, artisans, suppliers and contractors. It brings revitalization that enhances the economic resilience of our people, ”said Akinderu-Fatai.

The Governor’s Special Housing Adviser Ms Toque Avoyinka-Benson said the government has made efforts to make Lagos an investor-friendly state, given its housing laws and the creation of the Lagos State Real Estate Regulatory Authority (LASRERA).


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Source: – Lagosstategov

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