Sanwo-Olu says Lagos delivered 10,623 housing units across 23 estates

Lagos State Governor Babajide Sanwo-Olu announced that his administration has delivered 10,623 housing units across 23 estates in the state since 2019. These units include 4,414 funded through direct budget allocations and 6,209 delivered via Public-Private Partnerships (PPPs). Sanwo-Olu emphasized the importance of sustainable housing development, improved access to homeownership, and increased private sector investment as drivers of economic growth.

He highlighted ongoing housing schemes and joint venture projects that are expected to raise the total number of homes delivered or projected for completion to 14,022 by 2026. The governor also mentioned initiatives such as the Lagos State Mortgage Board's mortgage and rent-to-own schemes, which have supported over 20,000 residents, and a 40% housing rebate for 944 civil servants.

Despite these achievements, Sanwo-Olu stressed the need for stronger collaboration with property developers, financial institutions, and other private sector stakeholders to address the state's housing deficit.

Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.