By Yinka Kolawole
Lagos State government has adopted a hybrid strategy as part of its pragmatic approach to the development of housing in the state.
Governor Babatunde Fashola stated this during the commissioning of newly built Elegushi Housing Estate, located within the corridor of Lekki-Ajah, Eti-Osa Local Government Area. He told the gathering of top government functionaries, private sector operators and other stakeholders that the commitment of the state to housing policy compelled his administration to adopt a hybrid strategy for housing delivery to the people.
He explained that his administration adopted basic and sustainable housing models for growth, eradication of poverty by creating jobs and securing the society, pointing out that with the numerous housing projects going on across the state as well as those currently awarded for construction, thousands of Lagosians would be employed both directly and indirectly.
“This strategy consists not only of direct government construction for the underprivileged but also schemes targeted at the middle and upper-middle class where agencies like the Lagos State Development and Property Corporation (LSDPC) will build and sell for profit and the profit will be used by government to fund social housing for the vulnerable members of our society.
These are the options in our basket of solutions to confront the housing challenge of the state, that we will continue to pursue,” he stated.
The governor further revealed that the state’s Tenders Board had awarded contracts for the execution of 156 projects out of which 74 are either direct housing projects or housing infrastructure-related projects adding that the projects include 41 housing projects in Alimosho, 16 blocks of houses in Ikeja, two blocks in Agbowa, three blocks in Surulere and 12 blocks in Ogba as a start, to be delivered within 24 months. “These will together yield 1,032 flats comprising 1,2 and 3 bedrooms across the state that will be delivered on a mortgage finance basis,” he added.
Fashola noted that a good number of professionals in the building industry and artisans were fully engaged in the recently commissioned housing estates across the state. “Apart from provision of accommodation for our people, it is our believe that construction industry provides employment opportunity more than any sector.
When we begin to think of how many people will work on this site, the number of people who will depend on those who will work on this site, the number of people that will benefit when another 1, 032 families begin to live in their houses and begin to buy their household requirements, our economy is certainly on the upward swing,” he said.
On participation of the private sector in the state’s housing sector, Fashola noted that Okota housing scheme was built by the private sector in partnership with the government, where government provided land while the private sector sourced the capital and subsequently delivered the project, according to specifics.
According to him, the state is enjoying sustainable model for increased growth, which is not only eradicating poverty but also creating jobs and securing the society.