World Habitat Day: Lagos Govt Returns To National Housing Fund, Incorporates Private Sector Partnership To Overcome Deficit

Lagos State Governor, Babajide Sanwo-Olu


Lagos State Governor, Babajide Sanwo-Olu has said that the state government has returned to the National Housing Fund (NHF) and appointed Lagos Building Investment Company Plc in its bid to facilitate reduction in housing deficit in the state.

Sanwo-Olu unfolded the housing plan during the commemoration of year 2020 World Habitat Day on 5th October 2020.

He declared his commitment towards making befitting accommodation available to Lagosians through pragmatic models that will incorporate private sector partnership, encourage local content and cut costs while also creating employment.

The governor  who spoke through his Deputy, Dr. Kadri Obafemi Hamzat, at the World Habitat Day event stated that the pact with Lagosians as contained in the T.H.E.M.E.S Agenda of his administration is to ensure a significant reduction in the housing deficit, through the provision of affordable and decent housing.

A report on the event made available on the twitter account of Lagos State Ministry of Environment  said that to accelerate the realisation of the objective, the governor pointed out that the current administration had returned the State to the National Housing Fund and appointed the Lagos Building Investment Company PLC as the sole mortgage provider to facilitate a reduction in the housing deficit.

He declared that the total housing stock in the State, by the end of this year 2020, would have increased by 3,004 units with the completion and delivery of additional seven housing schemes, comprising 2,268 units.

The Commissioner for Physical Planning and Urban Development, Dr. Idris Salako, remarked that the state government has a clear understanding of the multidimensional and complex nature of housing and is matching up to its successful delivery in cost-efficient and innovative manner.

Salako stated that the State government has accorded urban planning and development the deserved attention as avenues for improving the physical environment of Lagos State and the living conditions of its people.


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