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Lagos, investors’ partnership yields 712 new homes

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The Lagos State Government has announced the completion of about 712 new homes this year through a partnership with private investors.

The Commissioner for Housing, Mr. Akinderu-Fatai, who disclosed this during a media chat pledged to provide affordable and decent housing for the citizenry and reduce the deficit in the state.

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According to Akinderu-Fatai, a total of 244 homes in two schemes, notably Courtland Luxury Villas, Igbokushu, and Lekki Apartments were delivered through private sector collaboration in May 2020.

He said the joint venture housing schemes located at Iponri, Lekki Phase II, and Idale, Badagry, with a total of 468 home units of various types have been completed and ready for commissioning.

The commissioner, who noted the importance of housing to the well being of the citizens, stressed that the state is committed to deploying strategies that could speedily bring an increase to the numbers of decent homes.

He revealed that the State Government is willing to provide un-encumbered land for viable investors who will be expected to build according to the specifications of the government within a specific timeline.

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The Commissioner disclosed that the state’s housing units are highly subsidised, adding that subscribers can also take advantage of the convenient payment mode of the Rent- –Own scheme, whereby installment payment is stretched over a period of 10years for qualified applicants.

The Commissioner further hinted that a percentage of the housing units would go to the civil servants at a discounted rate as stipulated in the policy of the state.

Also speaking, the Permanent Secretary, Ministry of Housing, Mr. Wasiu Akewusola, said that the government has not appointed any estate agent to act on its behalf in the allocation of homes.

He urged residents to be cautious and avoid unscrupulous agents.

Akewusola said the government is set to renovate old and dilapidated housing estates as soon as modalities for the revamping have been worked out.

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