• Thursday, April 18, 2024
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Joint ventures, govt schemes to provide housing for 3,500 families in 2020

Lagos proffers local financing solutions to housing deficit challenge

Barring  unintended delays and hitches beyond immediate control, about 3,500 housing units will be delivered this year to provide homes for an equal number of families and home buyers in Lagos.

Given an average of four persons per families, comprising father, mother and two children, it means about  14,000 people will have shelter over their heads this year and will be taken off the state’s crowded housing market where an estimated 3million people are looking for houses to buy.

The housing units will be coming from government-owned schemes and joint venture projects located in various parts of the state including Sangotedo, Idale in Badagry, Odo Onasa/Ayandelu, Ibeshe, Egan-Igando and Ajara.

From the Lagos Home Ownership Mortgage Scheme (LagosHOMS), Igbogbo Scheme 11b, in Ikorodu Local Government Area, the state is expecting about 360 housing units that will ultimately take an equal number of families off the housing market in the next couple of weeks.

Read also: Lagos roads infrastructure and environment

“Reducing the housing deficit and bringing more people on the home ownership ladder through provision of affordable and quality homes are tasks that are germane to building a 21st century economy that the state government is committed to,” said Moruf Akinderu – Fatai, the state Commissioner for Housing.

The commissioner who spoke during an inspection tour of the project, disclosed that the state government was frontally  pursuing the goal of completing all the on-going housing schemes to ensure that befitting and decent accommodation were available to the residents of the state.

Wasiu Akewusola, Permanent Secretary (PS), Ministry of Housing, confirmed that over 360 families would soon move into their homes after the commissioning of the estate in a few weeks.

The PS said he was satisfied with the progress of  work on the site and encouraged the contractors to keep up with the good job in order to deliver at the targeted date.

The estate, according to him, comprises 30 blocks of buildings with 120 units each of 3-bedrooms, 2-bedrooms and 1-bedroom making a total of 360 units of family homes.

The scheme which commenced in 2012 boasts central sewage treatment plant, water treatment plant, high quality road network, and streetlights.