LASG boosts housing stock by 10,623 units, targets 14,022 by year end

Lagos State Government, yesterday, revealed that it had delivered 10,623 high-quality affordable homes over the past seven years.

The state said it is on track to scale its total delivery to 14,022 units before the end of the year.

Commissioner for Housing, Moruf Akinderu-Fatai, disclosed these achievements during a ministerial press briefing to mark the third year of Governor Babajide Olusola Sanwo-Olu‘s second term in office at the Bagauda Kaltho Press Centre, noting that nearly 3.4 billion people lack access to safe housing, with the global deficit now exceeding 268 million units.

Akinderu-Fatai highlighted a critical calibration in domestic housing data, saying that Nigeria’s housing deficit stands at 14.925 million units, with an additional 15.2 million homes classified as substandard.

It would be recalled that experts had warned that the effective shortage could reach 28 million units within a few years if production rates do not accelerate.

Meanwhile, work has officially commenced on the newly awarded 176-unit Workers’ Village in Ipaja under the Alimosho Local Government Council.

The commissioner emphasised that the ministry’s accomplishments are structurally reinforced by three sister-execution bodies, including Lagos State Development and Property Corporation (LSDPC), Lagos State Mortgage Board (LMB) and Lagos State Real Estate Regulatory Authority (LASRERA).

Akinderu-Fatai, however, reiterated that despite macroeconomic headwinds, the Sanwo-Olu-led administration remains resolute in its mission to turn the tide against urban homelessness and ensure dignified shelter for all Lagos residents.
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