The Lagos State Government said its doors have been opened to private sector participation in housing delivery.
This, Governor Babajide Sanwo-Olu, said was one of the efforts in making Lagos a 21st-century economy and a model megacity with decent homes for all.
Giving details, the governor said that as a way of encouraging private sector participation in housing delivery, the state government would provide land as equity, while the private partners are expected to provide financing and technical expertise.
To ensure high standards of housing construction, he said that all projects would be supervised and monitored by the state government’s technical teams.
He said: “We do not just provide homes; we provide the infrastructure that makes these places livable, thriving, and productive,” referring to the newly completed 233 units of housing development in Abraham Adesanya Housing Estate.
Real estate development, according to him, is more than bricks and walls , saying “it drives economic activities and builds communal living.”
“As we continue to play our part through different interventions, I once again invite private-sector stakeholders and investors to join us in speeding up the pace of housing development across the state and reducing the wide gap in home ownership,” said.
Sanwo-Olu said his administration has delivered successful projects through joint-venture partnerships supported by flexible approval processes.
‘We grant a 40 percent rebate on all permits including EIA, TIA, and physical planning permits. We provide tax incentives and other business support to ensure regulatory flexibility.
“These steps are deliberate because we want to encourage investors. We remain open to further collaboration, especially in delivering housing for low-income earners in Ikorodu, Badagry, Epe, Ojo, and every part of the state,” he said.
The governor disclosed that no fewer than 11,000 housing units have been delivered in Lagos State in the last six years.
The newly completed 233 housing units in Abraham Adesanya Housing Estate in Ajah, the Commissioner for Housing, Moruf Akinderu-Fatai, said was facilitated through a Public-Private Partnership (PPP) between the state government and Urban Shelter Limited, comprising one, two and three-bedroom apartments, terraces and semi-detached homes.
He said the forum was more than just the unveiling of buildings, but a major stride in the state government’s efforts to build on the legacies of progressive milestone achievements recorded in the twilight of the democratic experience.
“The common goal is to provide affordable, secure, and sustainable housing for the people of Lagos State” he said
Partnership with Urban Shelter, he said stood out as a model of what can be achieved when the public and private sectors work together with a shared vision.
“These 233 homes are the result of careful planning, investment, and the relentless pursuit of excellence. They reflect our determination to reduce the housing deficit, uplift communities, and improve the overall quality of life for our residents,” he said
Going down the memory lane, the commissioner said the journey for the partnership started in 2019, with the global vision to maximize the use of land and existing infrastructure to provide more home units within Abraham Adesanya Housing Estate.
