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Sanwo-Olu Assures Investors Of Willingness To Provide Land For Housing

Sanwo-Olu Assures Investors Of Willingness To Provide Land For Housing

To meet the housing needs of residents of the state, Governor Babajide Sanwo-Olu has assured investors, both foreign and local, of the Lagos State government’s willingness to provide unencumbered land for housing development on the basis of mutually agreed terms in the areas of specification of houses to be delivered and duration.

Sanwo-Olu gave the assurance while addressing journalists at the commissioning of LAGOSHOMS Lekki Phase II, Lagos, on Wednesday.
He noted that the commissioning of the project was “to celebrate the fulfillment of one of our promises in the housing sector. At the inception of this administration, we pledged to provide decent shelter for the people.

“This promise was made out of the conviction that housing is one of the basic needs of humans and a critical factor that determines quality of life.”
According to Sanwo-Olu, his administration’s “goal is to ensure that our people live in well-planned communities as it is obtainable in many cities all over the world.

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“In the past months, a lot of efforts had gone into completing many of the housing schemes inherited from past administrations.”

He said that while some of these projects are funded through budgetary allocations, others are being financed through joint venture arrangements with development partners.

He stated: “I am happy to note that the LAGOSHOMS LEKKI PHASE II, is a product of a joint venture arrangement between the state government and STB Mortgage Bankers/Lekki Ultimate Company Limited.

“This marks another successful collaborative effort geared towards bridging the housing deficit in the state.”

The governor encouraged capable investors to join force with the government in reducing the housing deficit in this state.

He also assured Lagosians that the state government would not rest on its oars in providing descent accommodation for them, adding: “We will utilise all resources at our disposal to continue to build more homes.

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“In the course of this year, the state government’s housing schemes in Igbogbo (360 homes), Sangotedo cluster (744 homes) and Odo-Onosa-Ayandelu (662 Homes) will be commissioned. Work is also progressing on all other schemes and soon, there shall be more evidence of our commitment to the provision of homes for the people.”

Also at the event, Moruf Akinderu-Fatai, the Commissioner
for Housing, said the event was to mark the completion and commissioning of 84 (84) 1, 2, 3, bedroom homes in Lekki Phase 2.

He commended Governor Sanwo-Olu for “indeed making the desired impact in reducing the housing deficit in this great state.”
According to Akinderu-Fatai.
“Barely a year ago, 492 families were presented keys to their own homes in Lateef Kayode Jakande Garden in Igando. Also, the Courtland Luxury Villas in Igbokushu with 120 homes, as well as the Lekki Apartments in Lekki Phase I with 124 homes were commissioned. Within this year, we have provided 252 two bedroom terraced bungalows in a serene environment in Badagry.

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“Today, we are here again to release more homes to the people through the commissioning of LagosHOMs Lekki II and LagosHOMs Iponri.”

He restated the state administration’s promise to continue to strive harder to gain and maintain residents’ confidence all the way in terms of housing development.

He added: “No stone will be left unturned in ensuring that decent and affordable shelters are made available to all categories of people in the state.”