Lagos Delivers 9,970 Housing Units To Tackle Deficit

 Lagos State government on Tuesday disclosed that it has increased the state’s affordable housing stock with a delivery of 9,970 home units in the last six years as part of measures in bridging the housing deficit in the state.

 

The state’s commissioner for Housing, Moruf Akinderu-Fatai, who revealed this at the on-going Ministerial Press Briefing, marking the second year of second term of Governor Babajide Sanwo-Olu, held at Alausa, Ikeja said at completion of the  present administration in 2027, the state would have delivered a total of 14, 022 affordable housing units to residents.

 

The present administration, led by Sanwo-Olu, through its THEMES+ strategic policy direction developed sustainable economic, social, institutional and technical solutions to increasing the housing stock by targeting the low income strata and changing the narratives positively.

 

According to Akinderu-Fatai, "In specific terms, the Lagos State government under Sanwo-Olu has implemented a range of laudable initiatives aimed at tackling the affordable housing challenge in Lagos State.

 

"The multi-front strategy approach allows the state government to provide budgetary allocation for the construction of housing units targeted to addressing the accommodation needs of the low income segment across the state.

 

"The state also provided a conducive business environment for real estate developers through the promotion of Public Private Partnerships (PPPs) in affordable housing delivery.

 

"The partners are encouraged with streamlined approval processes, tax incentives, consideration of innovative financing models for both the supply and demand sector of affordable housing, implementation of supportive policies and regulations to further strengthen the drive for the provision of affordable housing for low and medium class segments in Lagos State amongst others.

 

"These strategies have proven over time that continual and consistent increase in low income homes improves affordability.

 

"Over the years in Lagos State, the stock of decent homes has increased, quality of life has been enhanced, employment opportunities have been generated and the economy has been greatly revitalized.’’

 

 

He added that the ministry commenced the construction of the LAGOSHOMS Ibeshe Phase 2 in Ikorodu Division in addition to the 20 other ongoing housing schemes under budgetary allocation and public private partnership.     

 

"Currently, the ministry has five ongoing housing schemes, which are; Egan-Igando Mixed Housing Scheme (Cluster II and III) with a total of 576 units in Igando-Ikotun Local Council Development Area (LCDA) is undergoing construction with projections for completion in 1st Quarter of 2026,’’ he said.