The Governor of Lagos State, Babajide Sanwo-Olu, has disclosed that the state government will soon commence construction at the Workers’ Village, Ishefun, in Ayobo Ipaja Local Council Development Authority (LCDA) targeting the completion of 608 two-bedroom flats this year.
Gov Sanwo-Olu made this known at the commissioning of the Lagos Home Ownership Mortgage Scheme (LagosHOMS) at Lekki Phase II, saying the village would solely be dedicated to workers from both the private and public sectors.
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The governor further disclosed that another 501 two-bedroom apartments would be built at Imota in Ikorodu, adding that the housing scheme would be complemented with convenient mortgage package for workers.
While 84 units of one, two and three-bedroom flats were commissioned at Lekki Phase II; 132 homes were commissioned at Iponri, Surulere.
The governor had last week Saturday also commissioned 252 units of two-bedroom terraced bungalows, a joint venture with Echostone Development, at Idale, Badagry.
At the commissioning ceremony, Gov Sanwo-Olu made known that some of the projects were funded through budgetary allocations while others were being financed through joint venture arrangements with development partners.
He explained that the LagosHOMS Lekki Phase II project was the product of a joint venture arrangement between the state government, STB Mortgage Bank and Lekki Ultimate Company Limited.
Names estate after Fashola
He rededicated and renamed the “LagosHOMS, Iponri”, to “Babatunde Raji Fashola Housing Estate, Iponri”, with the acronym BRFHOMS Iponri.
Gov Sanwo-Olu said of Fashola, “Giving his contribution as an ex-governor of the state and also in recognition of his present contribution to the nation and modest efforts in bringing better governance and sense of genuine development, we decided to name the estate after him.”
He added that, “No doubt, the delivery of this housing project is a direct result of our faith in the capacity of our private sector to play a collaborative role in housing development. Apart from this project at Lekki Phase II which is yielding 84 homes, the state has been able to harvest over 244 housing units through joint venture schemes at Courtland Luxury Villa, Igbokushu, and Lekki Apartments, Lekki I in 2020.
“We are also looking at completing other joint venture projects at Ijora and Ibeshe within the year. In the course of this year, the state government’s housing schemes in Igbogbo with 360 homes; Sangotedo Cluster with 744 homes and Odo-Onosa-Ayandelu with 662 homes will be commissioned. Work is also progressing on all other schemes.”
The governor, therefore, encouraged capable investors to join force with the government in reducing the housing deficit in the state, assuring both foreign and local investors of the state government’s willingness to provide unencumbered land for housing development on the basis of mutually agreed terms in the areas of specification of houses to be delivered and duration.