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Lagos to partner developers on low-cost housing schemes

Lagos State government is planning to embark on the development of low-cost housing schemes across the state, and is ready to go into partnership with private developers to accomplish the task.

Governor Babatunde Fashola disclosed this recently during the commissioning of Elegant Court Housing Estate in Ikota, delivered by Cortex Limited under the state’s Public Private Partnership (PPP) scheme. He hinted that work on the development of the proposed new schemes will likely start at the end of the raining season.

Fashola said that new estate built on 1.9 hectares of land is the visible result of what can be accomplished with a partnership between government and entrepreneurs who have legitimate interest in building houses for the middle and upper income strata of the society where there is a clear market demand.

The governor said that partnership ensures that government provides the land for the project, while the developer provides the funding, adding that the profit derivable by the government will be invested in the ‘Lagos Homes Project’ to fund the construction of social housing scheme.

According to him, other benefits associated with the partnership include employment opportunities created by the developer for 25 permanent employees, sub contractors who supplied the building materials, 1,500 men and women who worked on the site to build the houses and the vendors who sold food, water and many other things during the construction period of 30 months.

He noted that all stakeholders including state and federal governments, along with the private sector need to come together in order to bridge the nation’s huge housing deficit.

Also speaking at the event, the State Commissioner for Housing, Mr. Bosun Jeje, said the ministry has developed a template for appraising interested private developers and facilitating necessary sign-off from relevant ministries and government agencies on behalf of the developers.

Jeje noted that the PPP arrangement is geared towards removing the bureaucratic bottlenecks associated with government programmes, thereby fast-tracking the delivery process.

He said the new estate has functional facilities to sustain a healthy living environment for residents, such as shopping mall, road network and parking with drainage, central sewage system, swimming pool, lawn tennis, central alternative power supply, water treatment plant, water hydrant, central gas distribution, solar street lightening and CCTV system.


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