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Provide morgage for Lagos residents, Sanwo-Olu tells LBIC


Lagos State Governor, Mr. Babajide Sanwo-Olu has tasked the Lagos State Building Investment Company (LBIC), to unlock its assets and avail Lagosians mortgages at competitive rates.
Sanwo-Olu said this when Chairman of LBIC, Mr. Hakeem Ogunniran, board members and management of the company paid a courtesy visit to the governor.
He, therefore, called for stronger collaboration between the Lagos State Government and LBIC to open more opportunities for residents to acquire homes through mortgage schemes.

In a statement, Ogunniran said the board and management of the leading mortgage company are determined to collaborate with the current administration to reduce housing deficits in the state.
He stated that LBIC Plc will therefore continue to support and partner the government in its quest to ensure Home-for-all for Lagosians, especially through its Rent-To-Own Scheme.
“We already have funding from the Federal Mortgage Bank of N1b and we need to begin to see how civil servants in Lagos State will be able to access that funding and own their homes,” he said.

The Managing Director and Chief Executive Officer of LBIC, Mr. Tobi Lawal, said the company would provide mortgage for housing in Lagos State, particularly for civil servants and citizens of the state.


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