With the latest commissioning of the 774 housing units at the Sangotedo axis of the State by Governor Babajide Sanwo-Olu, access to ownership in Lagos is steadily getting better. Speaking at the unveiling of the new homes, Governor Sanwo-Olu disclosed that the 744 units LagosHOMS Sangotedo Housing Scheme , comprising 248 One-bedroom, , comprising 248 One-bedroom, , 248 2-bedroom and 248 3-bedroom homes, is the largest housing scheme to be completed by his administration.
For instance, according to the Commissioner for Housing, Mr. Moruf Fatai-Akinderu, Phase 2 of the Sangotedo scheme will be delivered in due course. When completed, it will offer additional 444 homes to the housing stock in the area. He described the provision of housing as one of the core mandates of his administration, adding that the commissioning ceremony was a clear testimony and indication of fulfillment of electoral promises.
He described the development as sad, especially when the construction industry has a large potential for economic engagement for the Nigerian youth. Special Adviser to the Governor on Housing, Benson-Awoyinka disclosed this during a discussion on Rental Policies at the Second Lagos Real Estate Market Place Conference and Exhibitions.
On his part, the Lagos State Commissioner for Finance, Dr. Rabiu Olowo, said the initiative was part of the resilience policy of the current administration, noting that the State government did a rental survey and found out that 88 per cent of tenants would rather pay their rent monthly.