In the next two years, Lagos is expected to witness series of housing estates that would boost the housing needs of the state both in the metropolis and the suburb.
The housing types will comprise one, two and three bedrooms respectively and would be constructed across the six old divisions of Lagos. Essentially, the target is the construction of 86 blocks that will deliver 1,032 flats of the various categories.
This was made known last week at the inauguration of the Partnership Board of Lagos Cooperative Home Ownership Incentive Scheme (CHOIS LP).
The Board comprises four government representatives namely Mr Bosun Jeje, Commissioner for Housing as Chairman, Mr Tokubo Abiru, Commissioner for Finance, Mr Ade Ipaye, Commissioner for Justice and Attorney-General and Mr. Ayo Gbeleyi, Special Adviser to the Governor on Private Public Partnership (PPP). Others are Directors of First World Communities General Tunde Reis, Mr Taiwo Odutola and Mr. Oluwole Rotimi, an architect.
Speaking during the inauguration, Commissioner for Housing, Mr. Bosun Jeje explained that it has become very obvious that the resources of the government alone cannot adequately take care of the huge financial outlay required for the provision of housing and other communal amenities in a state like Lagos which has multi faceted infrastructure needs.
According to him, a significant private sector’s involvement can facilitate government to achieve its vision for the housing sector.
He noted that it was this realization that necessitated the engagement of the organised private sector collaboration in the provision of mass housing, while government’s responsibility is to facilitate the enabling environment as well as the legal frameworks needed for such Public Private Partnerships, PPP to work.
He further explained that Lagos CHOIS LP is a mixed housing finance model that requires graduated levels of compulsory contributions by all stakeholders, stressing that this partnership comprises Lagos State Government, First World Communities Development Limited and the civil servants as the future beneficiaries of the houses.
Jeje enumerated the opportunities that could emanate from such collaboration saying it would not just ensure the provision of sustainable human settlements, but will also increase productivity, reduce operating cost and attract private capital.
He said the public will get quality and affordable houses while the private sector is expected to get new business opportunities.
While thanking members of the board for their continued efforts to ensure that the shared vision for making Lagos a better place is achieved, he also acknowledged their capabilities to ensure that Lagos works.
The chairman acquainted members with the roles of the board which includes overseeing the implementation of the projects conceived under the partnership agreement, facilitation of clean title on all land required for projects and to ensure that at least 10 per cent of the units provided on each project is set aside for “affordable housing to be sold under the shared equity scheme”.