The Lagos State government has disclosed that it has increased its affordable housing stock by delivering 9,970 home units in the last six years as part of measures to bridge the state’s housing deficit.
The state’s commissioner for Housing, Moruf Akinderu-Fatai, who revealed this at the ongoing Ministerial Press Briefing, marking the second year of the second term of Governor Babajide Sanwo-Olu, held at Alausa, Ikeja, said that after 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, developed sustainable economic, social, institutional, and technical solutions through its THEMES+ strategic policy direction to increase the housing stock by targeting the low-income strata and positively changing the narratives.
According to Akinderu-Fatai, “In specific terms, the Lagos State government under Sanwo-Olu has implemented a range of laudable initiatives to tackle 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 at addressing the accommodation needs of the low-income segment across the state.
“The state also provided a conducive business environment for real estate developers by promoting Public Private Partnerships (PPPs) in affordable housing delivery.
“The partners are encouraged by streamlined approval processes, tax incentives, consideration of innovative financing models for both the supply and demand sectors of affordable housing, and 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 other things.
“These strategies have proven over time that a 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 revitalised.’’
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), which is undergoing construction with projections for completion in the 1st Quarter of 2026,’’ he said.
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