The Lagos State Government says in its bid to tackle the challenge of shelter in the state, a joint venture partnership has been established to create 20,000 housing units by the year 2020.
The state Commissioner for Housing, Gbolahan Lawal, spoke at a ministerial briefing in Ikeja on Wednesday.
Lawal said the partnership was under the Lagos Affordable Public Housing initiative of the state government, adding that it was to inject private funds into the provision of houses.
He said it was also to enable the state to bridge the gap in housing deficit, which he put at three million.
“Under this initiative, the state provides land, the documentation in terms of permits, approvals, registration of documents and stamping as its own contribution to the joint venture, while the joint venture partner provides funds and construction expertise as its contribution,” he said.
Lawal said 14,187 housing units would be delivered soon, adding that the Ikota and Ogombo schemes were being developed by Multi-Purpose Infrastructure Development Construction Limited, while the Ibeshe and Owutu schemes were being developed by Affordable Mass Housing Company Limited.
The commissioner said seven estates had been completed, with a total of 720 housing units.
He said the government had continued to implement the rent-to-own and rental housing policies to make housing affordable and accessible to the citizenry.
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