1,000 Housing Units Ready For Occupation In Lagos

The Lagos State Governor, Akinwunmi Ambode on Monday said his administration has so far injected over 1,000 additional housing units into the State, which the schemes are now ready for occupation by interested residents.
Ambode, who stated this during an extensive inspection tour of ongoing projects in the Eastern axis of the State, said the official flag off of the allocation of the housing units would commence on December 9, 2016, while interested residents of the State need not know anybody before applying.
At the Sir Micheal Otedeola Housing Estate in Odoragunshin, Epe, Ambode was briefed by the State’s Commissioner for Housing, Gbolahan Lawal, who said the estate was part of the schemes earmarked for the rent-to-own policy of the State Government.
Lawal said the 336 Housing units comprised of 180 units of room and parlour; 90 units of one bedroom apartment and 80 units of two bedroom apartment.
He said 20 percent of the entire units had equally been earmarked for rental housing, adding that the social welfarism policy of the present administration in the face of the current economic downturn necessitated the need for the rent-to-own policy.
He added that as part of the people-friendly gesture of the Ambode administration, the prices of the units have been reduced thus the two bedroom which was hitherto N7.2million has been reduced to N3.5 million, while the one bedroom which was N4.3 million has been reduced to N2.3 million. The room and parlour unit has also been reduced to N1.5 million.
Responding, Governor Ambode said due to the economic recession and as a responsive government, his administration felt the great need to review the housing policies which have always existed in the State, saying that such was what brought about the new policies to make housing affordable to Lagosians.
He said: “When you consider the economic recession and then the inability of our people to actually process mortgage, we think it is time for government to be more responsive and that is why we are adjusting the mortgage scheme to rent-to-own policy.
“We think it is better that people can just come in and pay one month rent and continue to pay their rent on a monthly basis. These housing units are for the people and we want the people to have access to them.,” he noted.

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