Lagos boosts housing stock with 10,000 units in six years
..As Sanwo-Olu inaugurates 420 units in Badagry
Additional 10,000 units have been added to the Lagos housing stock in the last six years, Governor Babajide Sanwo-Olu, said on Wednesday.
Sanwo-Olu, announced this while inaugurating newly built 420 housing units LagosHOMS Badagry Phase I, describing them as a step towards achieving his administration’s commitment to providing decent and affordable shelter to the people.
Lagos, Nigeria’s most populated state, is estimated to have about 17 million housing deficit, forcing millions to leave in slum areas, a situation Sanwo-Olu says he is committed to tackling headlong, as more units are being built.
The LagosHOMs Badagry Phase 1, now named after Sunny Ajose, the late head of service, Lagos State, is the 24th estate completed by the current in the last six years.
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Sanwo-Olu also performed the groundbreaking for the construction of the phase II of the project which he said would change Badagry’s skyline with seven-storey high-rise buildings.
According to him, the expansion was designed to maximise land use, accommodate more families, and attract investors to Badagry, which he described as “a rising hotspot for eco-tourism, culture, and commerce.”
“This event is more than just the commissioning of buildings; it is a reaffirmation of our commitment to the welfare of every Lagosian. We were here in Badagry about a month ago to inaugurate an iconic road projects. The true measure of our progress will always be the wellbeing of our people,” he added.
Sanwo-Olu said that 20 per cent of the completed homes would be allocated to members of the Medical Guild, Nigerian Union of Teachers (Lagos chapter), and other organised unions, while public servants would enjoy price rebates as recognition for their dedication to service.
“We are also introducing new financing models to make home ownership easier. To enhance affordability, the government will subsidise the selling prices of these housing units,” he said.
The governor assured that the state remains in active partnership with financial institutions and private developers to accelerate delivery of affordable homes under the Federal Government’s Renewed Hope Housing Agenda.
“From roads and hospitals to schools and urban renewal, every corner of Lagos is witnessing transformation. Badagry is now better connected through the Lagos–Badagry Expressway, opening up new economic opportunities,” Sanwo-Olu said.
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Speaking also, Moruf Akinderu-Fatai, the Commissioner for Housing, said: “The project commenced in the year 2013 by the New Towns Development Authority (NTDA) and was later transferred to the Ministry of Housing for completion in the Year 2017.
The Commissioner described the 420 modern home units as a testament to Sanwo-Olu’s vision and the expected deliverables of his administration in realisation of the goals set out under the T.H.E.M.E.S Plus agenda.
The Ajara housing scheme comprises of phase I & II and is situated on a land area of 18.9 hectares. The phase one which is being commissioned comprises of 35 blocks of 12-in-1 residential buildings. Each building contains a combination of 1, 2 and 3 bedroom semi-furnished apartments with complimentary facilities such as a kitchen, kitchen cabinets, light fixtures, wardrobes.
