Lagos to build new homes for public, private sector workers, mortgage available at single digit

What the Lagos State Governor is saying

Sanwo-Olu said that the planned housing units would be accessed by workers in the public and private sectors in the state on a convenient mortgage system, spanning 15 years with single unit interest rate.

Going further, he said the major objective of his administration is to build homes within liveable surroundings and to create liveable communities where values are protected and cherished.

The Governor said, ”Every responsive government knows the impact of good and decent homes on the welfare of the people. In line with our inclusive stance, we want to reach as many people as possible in its housing provision efforts.

”For this reason, among others, we are developing a special housing package for workers in the state. They are the oil that lubricates the engine of prosperity in the state. A higher percentage of workers are also in the childbearing stage, raising future leaders. The best we can do is to promote their access to home ownership.

”To this end, the state is concluding discussion with a private developer to build 3,456 homes tagged Imota Workers City, which will be built on 20 hectares of land at Imota.’’

The governor reiterated his administration’s commitment to provision of liveable homes, adding that more homes would be built within liveable surroundings and to create liveable communities where values were protected and cherished.

He said, ”Houses are good but homes are the ultimate. In developing and completing these schemes we are putting in mind the total wellbeing of the people in mind.

”This will add to the actualisation of our vision of building a resilient and dynamic Lagos. We want our families to be nurtured in good environment and children brought up within good settings, so that the legacy of excellence can continue into the future.

”For those who are still waiting for the home ownership opportunity, it won’t be for too long before your dreams will be attained. We are still working and I believe that with the help of God and your support, we still achieve more together.’’

What you should know

Access to affordable housing has become a huge challenge in a megacity like Lagos. The state government’s various housing schemes will help close the huge housing gap in the state that is already facing a housing crisis and make decent homes available to all categories of residents.

The Lagos State Government in September 2021 announced plans to commission its huge housing scheme at Sangotedo in Eti-Osa Local Government as it has restated its commitment to the completion of the 2 phases of the scheme.