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Lagos, FIDC plan to deliver Ilubirin housing project by 2020

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By Kingsley Adegboye

High brow Prudential Estate

Lagos state government and First Investment Development Company FIDC, developers of the up-scale  Ilubirin foreshore housing project, have concluded plans to deliver the residential housing project started under Babatunde Fashola administration as Lagos state governor to the subscribers by 2020.

Speaking during a recent inspection/facility tour of the on-going work at the estate situated on the side-view of the picturesque lagoon, Lagos Island, the state commissioner of Housing, Moruf Akinderu- Fatai, said with the commitment from both parties, Lagosians and indeed, members of the public who have been dreaming of a novel, all-purpose housing complex that seamlessly fuses living, commercial offerings and leisure will soon have their dreams fulfilled.

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“We have a solid plan to deliver the first phase of the project (residential) in the fourth quarter of 2020, to be followed by the commercial and entertainment/leisre parks in 2021. Ilubirin is a critically important development for the city that will rejuvenate the area. We have a duty to ensure that more Lagos residents become home owners and that the homes themselves are built to global and international standards”, Akinderu-Fatai stated.

While commending the initiative and steadfastness of the management of FIDC to the realization of the Ilubirin dream, the commissioner expressed optimism that when fully delivered, the project will go a long way in addressing the housing deficit in Lagos, the seventh fastest growing city in the world.

Re-echoing the commissioner’s resolve, Project Director of FIDC, Wale Bamgbelu, said there is a collective determination and commitment from both parties to the timely delivery of Ilubiri, which will set a new standard for mixed-used housing estates.

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According to him, “Ilubirin will create a benchmark for future community development in Lagos state anchored on the concept of live, work and play with not only residential offerings but also offices, shopping, school, hotel, medical centre, leisure facilities and a brand new Marina for the Lagoon”.

Bamgbelu further disclosed that a revised master plan was recently completed, stressing that this will help in optimizing the Marina and create a new shopping spine through the new neighbourhood.

He explained that the Ilubirin first residential offering, the “Premier Collection” will provide a total of 108 spacious apartments across five elegant blocks consisting of 20 studios, 64 two-bedroom and 24 three-bedroom apartments carefully designed and detailed to provide some of the finest places to live in anywhere in the world.

Developed by the Ilubirin Fireshore Projects Limited, a Joint Venture between Lagos state government and the First Investment Development Company FIDC, the Project Director enthused that “Ilubirin is set to become an awe-inspiring neighbourhood for a forward-thinking and aspirational community”.

The Housing Commissioner, who was accompanied on the tour by other top government officials including the Special Adviser to the state governor on Housing, Mr Ayo Amosu, were conducted round the expansive site by FIDC Chairman, Mr. Adebisi Adebutu.


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