Sanwo-Olu, Fashola advocate monthly rental system by tenants

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'In Lagos, we operate a very robust Rent-to-Own programme of five per cent down payment and six per cent simple...

This position was canvassed by Lagos State governor,, at the just-concluded 10th meeting of the National Council on Lands, Housing and Urban Development held in Lagos.

Celebrator, Hon. Justice Jumoke Pedro, her husband, Otunba Femi Pedro and Lagos State Governor, Mr. Babajide Sanwo-Olu during the launch of Fundamental Principles of Law Practice & Procedure by Hon. Justice Jumoke Pedro at the Civic Centre, Ozumba Mbadiwe, Victoria Island, on Thursday, October 21, 2021

“In building homes, we do not only enhance the family ecosystem by providing a decent setting for raising future leaders, we also strengthen the economy through provision of economic engagements for professionals, artisans, suppliers, home decorators,” said Mr Sanwo-Olu. The governor listed the progress recorded in the last two years of his administration in housing sector, pointing out that his government had raised the housing stock in Lagos by the completion, delivery and commissioning of no fewer than 10 housing schemes spread all over the State.

“These will bring a total of 15 schemes completed by my administration. It is our hope that by the third quarter of 2022, a total of 7,000 homes would have been completed from both direct budgetary allocation and joint venture schemes.”

 

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How many units of houses have they provided

What stops them from building low cost housing that are affordable either as lease or rent.

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