{"id":3988,"date":"2017-01-12T12:36:39","date_gmt":"2017-01-12T11:36:39","guid":{"rendered":"http:\/\/www.tolet.com.ng\/blog\/?p=3988"},"modified":"2017-01-12T16:16:33","modified_gmt":"2017-01-12T15:16:33","slug":"lagos-to-invest-500m-on-housing","status":"publish","type":"post","link":"https:\/\/propertypro.ng\/blog\/lagos-to-invest-500m-on-housing\/","title":{"rendered":"Lagos to Invest $500m on Housing"},"content":{"rendered":"

The Lagos State Government is to invest 500 million dollars on the completion of the housing units at Ilubirin and Ijora-Badia. The state\u2019s Commissioner for Housing, Mr. Gbolahan Lawal, made the disclosure in an interview with the News Agency of Nigeria on Wednesday in Lagos.<\/span><\/p>\n

\"tolet-need-to-find-na-small-tin\"<\/a><\/p>\n

Lawal said the investment would be done in collaboration with private partners and that the venture would create 10,000 direct jobs.<\/span><\/p>\n

\u201cThere is a need to redesign and expand the mass housing units at Ilubirin and Ijora Badia to allow for efficient utilization of resources and for better quality delivery.<\/strong><\/em><\/span><\/p>\n

\u201cWe have signed a Public- Private Partnership (PPP) agreement with First Investment Development Company (FIDC) in this regard. The project will be in phases and is expected to be fully completed within the next five years,\u2019<\/strong><\/em> Lawal said.<\/span><\/p>\n

ALSO READ:\u00a0New Lagos Rent-to-Own Housing Scheme for Low-Income Earners<\/a><\/span><\/p>\n

He explained that the PPP arrangement was to reduce the housing deficit<\/a> in the state by providing affordable and qualitative accommodation for residents in the state.<\/span><\/p>\n

\u201cThe ministry of housing is responsible for implementation of the program, which has three templates, namely, affordable mass housing; equity partnership housing and mixed partnerships.<\/strong><\/em><\/span><\/p>\n

\u201cUnder the first template, the government provides land and development plan while the partner provides funds and executes.<\/strong><\/em><\/span><\/p>\n

\u201cSecondly, the government will provide the land while the partner generates the plan, provides fund and executes.<\/strong><\/em><\/span><\/p>\n

\u201cThe third template, which is a mixed partnership, will see the partner providing the land while the government will provide the funds and also execute the development plan,\u2019<\/strong><\/em>\u2019 the commissioner explained.<\/span><\/p>\n

He assured that any of the templates adopted would be in the best interest of Lagos residents.<\/span><\/p>\n

NAN recalls that some residents of Lagos had expressed concern over the condition of housing estates in Ilubirin and Ijora Badiya.<\/span><\/p>\n

ALSO READ:\u00a0Why the Lagos Rent-to-Own Scheme is Genuine<\/a><\/span><\/p>\n

One of the residents, Mr. Tola Ade, called on the government to complete the estates for interested members of the public to benefit.<\/span><\/p>\n

\u201cThe estates at Ilubirin and Ijora appear to have been abandoned for some time. I appeal to the State Government to complete these estates and other uncompleted ones within the state so that we can begin to take advantage of them,\u201d<\/strong><\/em> he said.<\/span><\/p>\n

Another resident, Mr. Adeniyi Idowu, who also expressed similar views, said the State Government was doing well in infrastructure development but that the estate at Ijora Badiya had remained abandoned for some time.<\/span><\/p>\n

\u201cI can only appeal to the government to complete the estate and the one at Ilubirin to reduce the scarcity of accommodation,\u201d<\/strong><\/em> he said.<\/span><\/p>\n

Similarly, Mrs. Yemisi Martins, another resident also appealed to the State Government to do something about the \u201cabandoned\u201d estates to stop miscreants from using them for their criminal activities.<\/span><\/p>\n

\"tolet-need-to-find-na-small-tin\"<\/a><\/p>\n

Source: The Guardian<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"The Lagos State Government is to invest 500 million dollars on the completion of the housing units at…\n","protected":false},"author":14,"featured_media":3989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_custom_appearance":"","csco_disable_excerpt_posts_layout":false,"csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[37,32],"tags":[454,512,514,513,237,511],"class_list":{"0":"post-3988","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-real-estate-news","9":"tag-affordable-housing-in-lagos","10":"tag-housing-estates","11":"tag-ijora-badiya","12":"tag-ilubirin","13":"tag-real-estate-in-lagos","14":"tag-rent-to-own","15":"cs-entry","16":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/3988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/comments?post=3988"}],"version-history":[{"count":3,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/3988\/revisions"}],"predecessor-version":[{"id":3995,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/3988\/revisions\/3995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media\/3989"}],"wp:attachment":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media?parent=3988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/categories?post=3988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/tags?post=3988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}