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A New Beginning: The Lagos State Sanwo-Olu Affordable Housing Projects By Babajide Fadoju

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The Babajide Sanwo-Olu’s administration has undertaken a number of new housing projects aimed at providing affordable houses for low-income families in the state. The projects, which have been in development within the short space of three years of his time in office, have indeed turned out to be a marvel to all to see and an example to other Governors.

These housing projects being executed by the Lagos State Ministry of Housing have proven that Governor Babajide Sanwo-Olu is a man on a mission to take the poor masses out of the shackles dingy and poor living conditions.

The problem of affordable housing in Lagos state is a serious one. The rapid population growth in the state which according to the metro area population of Lagos in 2022 was at 15,388,000, a 3.54% increase from 2021 and the lack of affordable housing options have led to a housing crisis, with many low-income families unable to find safe and affordable housing. In an effort to address this problem, the government proposed the affordable housing project, which aims to provide new homes for low-income families.

The planning and development of the project had been a complex process. Securing funding and navigating complex regulations initially posed some challenges for the Governor Sanwo-olu’s administration. Despite these obstacles, the project has made significant progress, and it is now fully completed.

The 38 unit of two (2) and three (3) bedroom flat channel point apartment at Victoria Island is a game-changer for the selected low-income families. They will have access to safe, affordable housing that they can call their own. It will provide them with a sense of security and stability, and it will open up new opportunities for them, all thanks to Governor Sanwo-Olu the change maker.

In addition to providing new homes for low-income families, the one hundred Housing unit at Ikate also has broader implications for the community. The new housing units will improve the overall quality of life in the area, and they will serve as a model for similar housing projects in other states in Nigeria.

The Governor Sanwo-Olu housing projects is a step in the right direction, but there is still more work to be done. Affordable housing is still a major issue in Lagos state, and the government must continue to invest in projects that address this problem, that is why continuity for His Excellency Sanwo-Olu is of great importance.

The Housing Projects by the Governor Sanwa-Olu administration includes but not limited to:

• Thirty-Eight units of two and three Bedroom flats Channel point Apartment at Victoria Island.

• Hundred (100) Housing unit at Ikate.

• One hundred and twenty (120) unit Courtland villa at Igbokushu.

• Seven hundred and seventy four (774) Housing unit Lagos Homes Sangotedo Phase 1.

• Three hundred and sixty (360) Units in Igbagbo.

• Six hundred and sixty (660) Housing Units in Odo-Onosa Ayeandelu Housing Scheme.

• Four hundred and eighty (480) Units in Ibese Ikorodu.

• Four hundred and ninety two home unit Lateef Jakande Housing Estate.

• One hundred and thirty two (132) home unit BRF Housing Estate Iponri.

• Twenty (20) Unit two bedroom Love Garden Apartment Service.

• Forty-eight (48) Unit of Greater Lagos LBIC Apartment pen CINEMA which was given to residents free of charge as compensation for the demolition of their homes during the construction of the 105 killometer of the prey Scheme Bridge.

• Two hundred and fifty two Bungalows at Idale Badagry.
These Housing schemes and structures have state-of-the-art ininfrastructure, accessible roads, drainage systems, steady power supply, and water supply for the comfort of the residents.

A greater Lagos is indeed Rising under the watch of His Excellency Governor Babajide Sanwo-Olu. He is a game changer who is just getting started in the mission for a NEW LAGOS.

BIG STORY

President Tinubu Submits Four Tax Reform Bills To National Assembly

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President Bola Tinubu has submitted four tax reform bills to the National Assembly for their consideration.

In a letter presented during the plenary sessions by Senate President Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas, on Thursday, the President outlined that the bills align with his administration’s goals.

The proposed legislation includes the Nigeria Tax Bill 2024, designed to establish a comprehensive fiscal framework for regulating taxes.

The Tax Administration Bill aims to provide a clear legal structure for managing taxes in Nigeria, reducing disputes and improving efficiency.

Additionally, the Nigeria Revenue Service Establishment Bill seeks to repeal the Federal Inland Revenue Service Act and establish the Nigeria Revenue Service.

The Joint Revenue Board Establishment Bill proposes the creation of a tax tribunal and an ombudsman to handle tax-related issues.

Tinubu emphasized that these bills are intended to strengthen Nigeria’s fiscal institutions and support the broader development goals of his government.

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BREAKING: Court Bars VIO From Stopping, Impounding, Confiscating Vehicles

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A Federal High Court in Abuja has barred the Directorate of Road Traffic Services (VIO) from stopping vehicles, impounding or confiscating them, and imposing fines on motorists.

Justice Evelyn Maha issued the order in a judgment on fundamental rights enforcement suit FHC/ABJ/CS/1695/2023, filed by human rights activist Abubakar Marshal.

The judge upheld Marshal’s argument that “no law empowers respondents to stop, impound, confiscate, seize, or impose fines on motorists.”

Justice Maha declared that the respondents, under the control of the Minister of the FCT, are not empowered by any law to stop, impound, or confiscate vehicles or impose fines.

She issued an order restraining them from doing so, stating it’s “wrongful, oppressive, and unlawful.”

Additionally, Justice Maha made a perpetual injunction restraining the respondents from violating Nigerians’ rights to freedom of movement, presumption of innocence, and right to own property without lawful justification.

 

More to come…

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BIG STORY

NELFUND Fixes BVN Verification Glitch, Urges Students To Reapply For Loans

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The Nigerian Education Loan Fund (NELFUND) has announced the resolution of a technical issue that disrupted the BVN (Bank Verification Number) verification process for students applying for loans.

The issue, which began over the weekend and persisted through the public holiday, caused delays for many applicants.

In a statement posted on NELFUND’s official X (formerly Twitter) account on Wednesday, the organization confirmed that the issue had been fully resolved by Tuesday morning. NELFUND advised all affected students to log back into the portal, complete their BVN verification, and proceed with their loan applications.

“Dear Students,

“We have observed that many of you experienced issues with BVN verification while applying for the student loan over the last weekend, including the public holiday.

“We are pleased to inform you that the issue has been addressed and fully resolved as of yesterday morning.

“We kindly advise all affected students to log back into the portal, complete the BVN verification process, and proceed with your loan application,” the statement read in part.

NELFUND also expressed gratitude to students for their patience during the disruption and reassured them that the application process can now continue smoothly without further issues.

The revised Student Loan Act of 2024 was designed to eliminate financial barriers and make education more accessible to all Nigerian students, regardless of their economic background.

The Nigerian Education Loan Fund (NELFUND) receives its primary funding from a 1% allocation of the total revenues collected by the Federal Inland Revenue Service (FIRS), Nigerian Immigration Service, and Nigerian Customs Service through taxes, levies, and duties.

In August, President Bola Tinubu announced that the Economic and Financial Crimes Commission (EFCC) had transferred N50 billion in recovered funds to NELFUND, following his directive, to further strengthen the student loan program.

Students from across the country applied for the NELFUND loan, with the top 10 states having the highest number of applicants, in ascending order, being Taraba, Yobe, Adamawa, Oyo, Plateau, Kaduna, Katsina, Benue, Borno, and Kano, which ranks first.

Since the fund disbursement’s rollout, NELFUND has distributed N4.6 billion as tuition support to students in 59 approved tertiary institutions across the country.

This includes N2.5 billion disbursed in August and an additional N2.1 billion disbursed to students in 40 institutions earlier in September.

Furthermore, in August, NELFUND initiated the distribution of N20,000 monthly stipends to beneficiaries, with 20,371 students from six tertiary institutions successfully receiving their July payments.

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