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Sanwo-Olu Delivers 216 Lagos Homes In Eti-Osa, Surulere, Names Iponri Scheme After Fashola [PHOTOS]

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• New Housing Project Takes Off In Ikoyi-Obalende

• Lagos Builds, Hands Over Research Lab To FG

 

In line with his administration’s effort to close the deficit in the provision of a comfortable housing scheme in Lagos State, the State Governor, Mr. Babajide Sanwo-Olu on Wednesday formally opened two housing projects in Surulere and Eti Osa axes, which were revived and completed by his administration.

They are 132-unit LagosHOMS projects at Iponri in the Surulere area, and an 84-unit Lekki Phase II housing project in Ikota, along the Ajah corridor.

The inauguration of the projects came four days after the Governor commissioned another 252-unit flat in Idale, Badagry. The Iponri and Ajah housing schemes were delivered through a joint venture between the Ministry of Housing, STB Mortgage Bank, and Lekki Ultimate Company Limited.

Sanwo-Olu named the 132-unit Iponri Housing Scheme after former Lagos State Governor and now Minister of Works and Housing, Mr. Babatunde Raji Fashola, who conceived the project.

Besides, the Governor also inaugurated and handed over a laboratory and new office complex which Lagos State Government built for the National Veterinary Research Institute (NVRI).

Sanwo-Olu said the resuscitation and completion of the two housing projects further testified to his Government’s commitment to improving the lives of Lagosians through service delivery in the area of infrastructure.

The Governor observed that the quality of the projects delivered indicated that his administration’s promises to raise the bar of good governance were not a fluke, stressing that implementation of his development blueprint – Project T.H.E.M.E.S – would continue to be done in line with the needs of the residents.

Sanwo-Olu said the LagosHOMS projects, being supervised by his administration, were being packaged to give citizens comfort through a stress-free ownership structure and mortgage scheme.

He said: “Today, we are gathered to mark yet another fulfillment of our promises in the housing sector. At the inception of this administration, we pledged to provide decent shelter for the people. This promise was made out of the conviction that housing is one of the basic needs of humans and a critical factor that determines the quality of life.

“In the past months, a lot of efforts had gone into completing many of the housing schemes inherited from the past administration. While some of these projects are funded through budgetary allocations, others are being financed through a joint venture with our development partners.

“It is with great pleasure that I perform the commissioning of LagosHOMS Iponri by which we are adding 132 homes to the housing stock in this area. Through the same joint venture, we have delivered another 84-unit Lekki Phase-II Housing Scheme in Ikota, Ajah. These feats mark successful collaborative effort geared towards bridging the housing deficit in the State.”

As his administration builds and delivers quality homes across Lagos, Sanwo-Olu said his Government is also generating ideas on how it would increase affordability and access for low and middle-income families.

Comfortable houses, the Governor said, should not only be for the affluent. He said more convenient ownership packages would be introduced to make more people come on the homeownership ladder, regardless of the socio-economic bracket.

Sanwo-Olu charged more private investors to partner with the State Government in addressing the housing deficit, while also reiterating his administration’s willingness to make unencumbered land available for housing development by private investors on the basis of mutually agreed terms.

He said: “As we commission these housing projects today, I wish to express my appreciation for the invaluable support this administration has enjoyed from the good people of Lagos. We will not take this support and goodwill for granted. In spite of the hurdles, our commitment towards actualizing the Greater Lagos of our dream is irrevocable. Things can and will only get better.”

Commissioner for Housing, Hon. Moruf Akinderu-Fatai assured that the Government would leave no stone unturned in providing decent and affordable shelters to all categories of residents in the State.

The scheme delivered 44 units of single-bedroom, 44 units of two-bedroom, and 44 units of three-bedroom flats in Iponri, while the Lekki Phase II scheme consists of 28 units each of single-bedroom, two-bedroom, and three-bedroom apartments.

The comforting features in the two schemes include a water reticulation plant, central sewage treatment plant, street light, and leisure facilities, among others.

The NVRI edifice and research laboratory situated on Keffi Street, Ikoyi was built by the Lagos State Property Development Corporation (LSDPC) in fulfillment of a partnership agreement entered into by Lagos and the Federal Government to end a protracted dispute over land ownership.

The two-storey complex will now be the new regional headquarters of the Institute founded in 1924.

NVRI Governing Board chairman, Mr. Marlin Daniel, praised Governor Sanwo-Olu for fulfilling his pledge to make the project becomes reality. He said the laboratory would raise the nation’s capacity to bring about cutting-edge research on controlling and providing surveillance on communicable animal-borne diseases.

Sanwo-Olu assured the Institute that the State Government would immediately issue title documents on the facility to NVRI to further strengthen the agreement. The Governor also promised to raise funds for the laboratory equipment required to make the Institute functional.

He said: “The NVRI laboratory will boost our capability in the diagnostic aspect of animal health surveillance, while the block of flats is to complement the complex and serve as staff quarters for its workers. We will be supporting the Institute by raising funds to equip the complex with modern and world-class facilities because we believe in excellence and this has to reflect in all aspects including care for our pets and animals in the State.”

Sanwo-Olu also formally kicked off the construction of Keffi Suite, a housing scheme being jointly developed by LSDPC and Rindsan Nigeria Limited. The project will be completed in 24 months.

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BREAKING: Lagos Set To Lead Africa’s Climate Revolution, Tokunbo Wahab Unveils Bold Agenda Ahead Of “Blue Economy, Green Money” Summit

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The Lagos State Government has reaffirmed its commitment to transforming environmental challenges into economic opportunities, as preparations heighten for the 11th Lagos International Climate Change Summit themed “Blue Economy, Green Money: Financing Africa’s Coastal Resilience and Ocean Innovation.”

Speaking at a press briefing held earlier today at the Eko Atlantic Corporate Office in Victoria Island, the Honourable Commissioner for the Environment and Water Resources, Tokunbo Wahab, declared that “Africa is not waiting to be rescued we are ready to lead.”

Wahab highlighted Lagos’ massive investments in coastal defenses, flood mitigation, renewable energy, urban greening, and circular economy initiatives, noting that these efforts are positioning Lagos as a model for climate resilience across the continent.

The upcoming summit is expected to attract subnational governments, global institutions, investors, scientists, and innovators to design actionable, bankable solutions for Africa’s coastal and environmental challenges.

Wahab was joined at the briefing by Special Adviser on Environment, Engr. Olakunle Rotimi-Akodu, alongside permanent secretaries, heads of agencies, and other key officials in the ministry.

“Together, we are shaping a Lagos that not only adapts to change but leads it,” Wahab affirmed.

#BlueEconomyGreenMoney #ClimateChangeLagos #AGreaterLagosRising

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Bill To Create Ijebu State Scales Second Reading At House Of Reps

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A bill proposing the creation of Ijebu State in Nigeria’s south-west region has passed its second reading at the House of Representatives.

The proposed legislation, sponsored by Olufemi Ogunbanwo, who represents Ijebu Ode/Ijebu North East/Odogbolu Federal Constituency of Ogun State, along with three other lawmakers, was considered and approved for second reading during Thursday’s plenary session.

The bill seeks to amend the 1999 Constitution to carve Ijebu State out of the existing Ogun State. This development adds to the increasing number of proposals before the National Assembly advocating for the creation of new states across the country.

Benjamin Kalu, the Deputy Speaker, who presided over the session, subsequently referred the bill to the House Committee on Constitutional Review for further legislative action.

The National Assembly is currently in the process of reviewing the 1999 Constitution, and Kalu, who also chairs the committee overseeing the exercise, had earlier stated that the process is expected to conclude in December 2025.

However, creating a new state in Nigeria remains a difficult constitutional process. According to Section 8(1) of the 1999 Constitution, such a move demands broad legislative and public approval.

For a new state to be created, the proposal must first receive a two-thirds majority vote from lawmakers representing the affected area in both the Senate and the House of Representatives, as well as from members of the State House of Assembly and the local government areas concerned.

After securing legislative approval, a referendum must be conducted in the proposed area, with at least two-thirds of residents voting in favour of the new state. The result of the referendum must then be ratified by a simple majority of all State Houses of Assembly across the federation before final approval is given by a two-thirds majority of both chambers of the National Assembly.

No new state has been created in Nigeria since the country returned to democratic rule in 1999.

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House Of Reps Moves To Peg Rent Increases At 20% Nationwide

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The House of Representatives has urged the federal government to collaborate with state governments to regulate rent increases across the country.

The resolution was adopted during plenary on Thursday after a motion moved by Bassey Akiba, a lawmaker representing Cross River State, was debated and passed.

Akiba noted that the prevailing economic situation in the country has severely affected individuals, households and businesses, particularly those who rely on rented accommodation.

The lawmaker said there is often a “sudden surge in rent” in neighbourhoods where public infrastructure projects such as roads, markets and other amenities have been completed.

He cited instances in the Federal Capital Territory (FCT) where rent in certain areas jumped from N800,000 to N2.5 million per annum following new road constructions, describing the increase as a heavy burden on tenants.

According to him, the “wanton exploitation” by some landlords undermines the government’s efforts to improve citizens’ welfare through public infrastructure projects. He warned that the trend could push struggling Nigerians into desperation and crime.

Akiba stressed the need for a fair balance between property owners’ rights and tenants’ welfare, urging that rent control be introduced to promote stability in the housing sector.

Following the adoption of the motion, the House called on the federal government to increase investment in affordable housing schemes and expand access to low-cost homes to ease pressure on the rental market.

It also directed the Ministry of Housing and Urban Development to work with states to “enforce rent control measures, ensuring that public infrastructure projects do not lead to exploitative rent hikes, and cap rent increases at no more than 20 percent of the existing rent, irrespective of infrastructure improvements or other factors”.

The Committee on Housing and Habitat was mandated to ensure compliance and report back to the House within four weeks for further legislative action.

In a related development, stakeholders in Nigeria’s real estate industry had earlier warned that rising land costs remain a major contributor to the country’s growing housing deficit, urging government intervention to make housing affordable for low- and middle-income earners.

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