Lagos State has announced that it has built 10,000 houses in the last six years as part of its efforts to address the lack of affordable housing in the area and to help more residents become homeowners.
Commissioner for Housing, Mr. Moruf Akinderu-Fatai shared this information during a press briefing on Tuesday, as part of the activities celebrating the second year of Governor Babajide Sanwo-Olu’s administration.
He emphasised that the state government is committed to ensuring that more people, especially those with lower and middle incomes, can find decent and affordable places to live.
“So far, 18 housing estates have been completed in different locations such as Sangotedo, Igbogbo, Epe, Odo-Onosa Ayandelu, Badagry, and Igando.
“In addition to the homes that have been built, construction is currently underway for more than 4,000 additional housing units, with another 2,224 units in the planning stages.
“These new homes are expected to be finished between late 2025 and early 2026.
“The government is using various ways to fund these housing projects, including allocating money from the state budget, partnering with private developers, and working with private companies,” the commissioner said.
One of the successful programmes highlighted by Akinderu-Fatai is the rent-to-own scheme offered by the Lagos State Mortgage Board.
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He said this programme allows residents to purchase homes by making smaller payments over several years rather than paying the full amount upfront.
“So far, more than 20,000 people have benefited from this scheme, and 212 individuals have already paid off their homes completely.
“Housing is a crucial part of Sanwo-Olu’s broader agenda, which also includes improvements in transportation, health, education, economic growth, entertainment, and security,” he added.
Akinderu-Fatai assured the public that the state government is focused on providing quality homes.
“We want to make sure that the houses we build are safe, comfortable, and durable,” he stated. “All our estates come with basic infrastructure and amenities to ensure a high quality of life.”
He acknowledged that the rising costs of building materials pose a challenge, but the government is actively seeking solutions, such as sourcing materials locally and using creative financing methods.
“We understand the high demand for housing, and we are dedicated to meeting that need. No area in Lagos will be left behind,” he added.
