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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.

BIG STORY

JUST IN: UAE Bans Transit Visas, Imposes Stricter Entry Rules For Nigerians

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The United Arab Emirates has implemented more stringent entry requirements for Nigerian travellers and has fully stopped accepting transit visa applications.

This was confirmed by travel agents on Tuesday.

As stated in the latest directives from Dubai immigration, Nigerians between the ages of 18 and 45 are now ineligible for tourist visas unless accompanied.

Applicants who are 45 years old or older must provide a personal six-month bank statement showing a minimum ending balance of $10,000 (or the equivalent in naira) each month.

Travel agents noted that this policy is expected to significantly decrease the number of Nigerians travelling to Dubai, a major hub for tourism and business.

The notification stated, “For Nigerian nationals, please bear in mind that an applicant aged 18 to 45 years travelling alone is not eligible for the TOURIST VISA CATEGORY.

“An applicant who is 45 years or above must provide a Single Nigerian personal bank statement for a period of the last six months, with each month’s end balance reflecting a minimum ending balance of USD 10,000 or its naira equivalent.

“Kindly note that the above points must be taken into consideration before sending your applications with other existing documents such as hotel reservation, data page, etc.”

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BIG STORY

Dangote Refinery To End Crude Imports By December — Bloomberg Report

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The Dangote Petroleum Refinery plans to stop importing crude oil by December 2025, aiming to replace hundreds of thousands of barrels per day of imported crude with domestic supply.

A Bloomberg report quoted Devakumar Edwin, Vice President at Dangote Industries, who oversees the 650,000-barrel-per-day facility in Lagos, saying that contracts with foreign crude suppliers will expire, allowing the refinery to shift to sourcing feedstock locally.

Edwin stated that the refinery had previously imported crude from Brazil, Angola, Ghana, and Equatorial Guinea. However, he explained that “improved relations between the refinery, local oil traders and the government will result in a steady supply of Nigerian crude.”

The report noted that in June, the plant received about half of its crude from local producers, who will be able to supply more as their foreign commitments wind down.

Edwin said, “We expect some of the long-term contracts will expire. Personally, and as a company, we expect that before the end of the year, we can transition 100 per cent to local crude.”

Data compiled by Bloomberg revealed that in June, the refinery sourced 53 per cent of its crude from domestic producers and 47 per cent from the United States.

Edwin added that the plant is currently processing 550,000 barrels of crude per day.

According to cargo allocations seen by Bloomberg News, Dangote was scheduled to receive five cargoes from the Nigerian National Petroleum Company Limited in July, with the same amount set for August. Each cargo contains nearly one million barrels of crude.

Aliko Dangote constructed the $20 billion refinery to end the export of Nigerian crude for refining abroad and the subsequent importation of refined products.

The gradual ramp-up of the refinery has already enabled Nigeria to become a net exporter of petroleum products, despite initial challenges in securing adequate domestic crude to reach its full capacity of 650,000 barrels per day. This led to the refinery relying heavily on foreign crude.

Dangote recently stated that despite a naira-for-crude deal, the refinery had been largely dependent on crude from the United States.

The refinery expects a notable increase in local crude supply over the coming months.

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BIG STORY

LG Polls: Speaker Obasa Charges Lagos West APC Candidates To Intensify Campaigns, Assures Of The Assembly’s Support

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  • As Lagos Railway Corporation and Ibile Energy Corporation bills scale second reading

 

Ahead of the local government elections holding Saturday, July 12, across the state, Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa met with candidates of the All Progressives Congress (APC), from the Lagos State West Senatorial District at the assembly complex on Tuesday, charging them to knock on all doors and campaign vigorously until the very last day to ensure victory at the polls.

As a show of support, Speaker Obasa contributed generously to the candidates’ campaign purses and assured them of the Assembly’s unstinting support before and after the elections.

At the meeting, which was attended by all the APC chairmen, vice-chairmen, and councillorship candidates, Speaker Obasa urged the candidates not to rest on the party’s laurels but to maintain momentum and outreach efforts until the very last day of campaigning. “Engage with everyone in the community, regardless of their ethnic background or religion,” he implored, while harping on the necessity for candidates to actively supervise those assigned to manage their campaigns.

The Speaker also admonished the candidates to adopt a mindset centred on service to the people when they assume office, adding, “Your focus should be on serving your constituents with integrity and commitment, and you must have respect for democratic institutions and practices.”

Further, he proudly noted that Lagos remains unique among states in the country, as it grants local government chairmen a four-year tenure per term, allowing for more sustained governance and grassroots development.

The meeting concluded with a palpable sense of urgency and resolve among the APC candidates, as they prepare to take their campaigns to the grassroots, embodying the spirit of service and dedication imparted by Speaker Obasa.

Meanwhile, the Lagos State Railway Corporation bill and the IBILE Energy Corporation Bill have scaled the second reading.

According to the Majority Leader, Hon. Noheem Babatunde Adams, who spoke during plenary later on Tuesday, the proposed ‘bill for a Law to establish the Lagos State Railway Corporation to improve Railway Transportation in Lagos State and for connected purposes’, seeks to provide efficient and reliable transportation services, and establish a Governing Board tasked with overseeing the corporation’s operations.

Hon. Adams, the member representing Eti Osa Constituency 1, said, “With South Africa leading in Africa with a 20,926 km railway network and Nigeria currently at 3,798 km, Lagos, as Africa’s second-largest city economy after Cairo, must take the lead in innovative rail transport solutions.” He added that the bill will set up a standard railway corporation comparable to any across the globe.

Similarly, the House also read for the second time, ‘A bill for a Law to establish the IBILE Energy Corporation’, which Hon. Sobur Oluwa, chairman of the House Committee on Energy and Mineral Resources, described as a transformative one for the state’s energy landscape.
“If passed into Law, the corporation will attract innovation, investment, and reshape the energy sector of the State,” he said.

In his remarks, Speaker Obasa commended the essence of the bills and noted that when eventually passed into law, they will mark a significant advancement in the assembly’s efforts to modernize infrastructure and strengthen the state’s economy. He, thereafter, committed the two bills to the committees on Transportation and Energy and Mineral Resources with a mandate to submit their reports at the earliest possible time.

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