Commissioner for Housing, Mr Gbolahan Lawal, has revealed that no fewer than 3,000 residents have so far benefited from the Lagos State Government’s Rent-To-Own schemes.
Lawal has made this known during an interview with the News Agency of Nigeria (NAN), saying that the state’s housing policies captured both those in the formal and informal sectors.
He said: “All our estates are for everybody irrespective of your status. We have special consideration for Lagosians and we have accommodation for all categories of people in Lagos.
“My Christmas promise will be achieved for those prospective buyers who have applied for Gbagada, Igbogbo, Amuwo Odofin, Sangotedo Phase 1 houses. Celebrating Christmas in their new homes is feasible.
“It is important to also use this medium to let Lagosians know that we are committed to completing all the projects we met on ground and we are also building new ones.
“So far over 3,000 Lagosians are now beneficiaries of our Rent-to-Own Scheme.
“The state government introduced the Rent-To-Own scheme where beneficiaries are required to pay only five per cent of the cost of building as commitment fee while the balance is spread over a period of 10 years.
“A recent study revealed that the housing deficit for Lagos is 2.5 million and the government also found out that it will take 187,500 housing units yearly for five years to bridge the gap.
“The government of Lagos State alone cannot bridge the existing gap and so we decided to come up with Lagos State Affordable Public Housing and that is working with the private sector as a joint venture initiative.
“Government contribution is land, then all the statutory charges, the permits, will also be part of the government’s equity while the private sector will come up with the technical expertise, the finance and all that are geared towards the supply side. The Rent-to-Own is the demand side.”
On the various estates, Lawal said: “Gbagada Estate is over 95 per cent completed while Igbogbo in Ikorodu which has 360 units is at 85 per cent completion. Amuwo Odofin Estate which has 84 units has been completed and will be handed over in few weeks to allottees.
“Akerele Estate in Surulere has only two blocks and the beneficiaries are already moving into their houses.
“Sangotedo Estate in Lekki has 1,118 units and is at an advanced stage of completion and Phase 1 is above 80 per cent completed; the water and sewage will be ready before the end of September.”