Lagos State Governor, Babajide Sanwo-Olu, has reiterated his administration’s commitment to expand the total housing stock in the State by 3,004 units before the year runs out.
Governor Sanwo-Olu said this during 2020 World Habitat Day held on Monday at Adeyemi Bero Auditorium, Alausa.
Sanwo-Olu who was represented by his deputy, Obafemi Hamzat, said his administration is focused to execute the rent-to-own policy aimed at making housing affordable and available to low-income earners in the state.
According to the Hamzat, the present administration has completed and commissioned various housing schemes in the last 16 months.
He listed the projects to include: Lateef Kayode Housing Estate, Igando, Courtland Villas, Lekki and Lekki Apartments, Ikate Elegushi, hereby making 303 Lagosians homeowners Adeboruwa, Lateef Jakande and Epe Housing Schemes.
The governor further urged citizens to take advantage of this provision, adding that more steps are being taken to resolve the challenge of home ownership through the mortgage option.
Governor Sanwo-Olu also emphasized the state return to the National Housing Fund and appointed the Lagos Building Investment Company (LBIC) PLC as the sole mortgage provider and the Lagos State Property Development Corporation (LSDPC) in delivering affordable housing units.