The Lagos state government has announced that it will be collaborating with the federal government on the Renewed Hope Housing initiative, which is set to deliver over 2,000 home units in the Ipaja and Ibeju-Lekki areas of the state.
The state government also disclosed that is committed to the swift completion of housing projects across all administrative divisions.
Revealing this in a post via the X handle of the State Government, on Thursday, May 9, the post reads: “Lagos State Commissioner for Housing, Hon. Moruf Akinderu-Fatai has affirmed the readiness of the State Government to provide more homes by speedily completing its ongoing housing schemes in all the administrative divisions of the State.
“The commissioner stated this during the ongoing Y2024 Ministerial Briefing held at Bagauda Kaltho Press Centre, Secretariat, Alausa-Ikeja, organised to commemorate the first anniversary of the second term in office of Governor Babajide Olusola Sanwo-Olu.
“He further revealed that the State is collaborating with the Federal government on the Renewed Hope Housing initiative to provide over 2000 home units in Ipaja and Ibeju-Lekki. He also said there is an ongoing discussion with a private finance institution to provide 800 units at Odola in the Ikorodu division. “All these initiatives are targeted at first-time owners and low-income earners, with mortgages ranging from 10 years to 15 years”, the Commissioner said.
“While revealing that the old estates are being re-evaluated with a plan to restore their infrastructure and maximise the available lands for greater home yield, Akinderu-Fatai pointed out that some residents of some of the Ministry’s estates do not comply with the extant rules put in place to promote peaceful coexistence of all allottees in the estates. Such infractions, according to him, include non-payment of service charges, bypass of electric meters and cult activities.”