Connect with us
Paramount
Advertisement
Ican
Advertisement
IZIKJON
Advertisement
forex
Advertisement
Stanbic IBTC
Advertisement
Polaris bank
Advertisement
Binance
Advertisement
Esetech
Advertisement
Patricia
Advertisement
Fidelity ads
Advertisement
app

Real Estate and Construction

Lagos Government set to commission 252 affordable public housing units in Badagry

Lagos State Government has concluded plans to commission its affordable Public Housing Scheme in Idale, Badagry.

Published

on

Lagos says defaulting allottees of housing schemes in Lekki, Ikeja, others to lose houses, real estate, Proposed NHF Law takes a twist, as top Nigerian experts differ on its impact, Richard Olodu, affordable homes 

Lagos State Commissioner for Housing, Mr. Moruf Akinderu-Fatai, disclosed that the Lagos State Government has concluded plans to commission its Affordable Public Housing Scheme in Idale, Badagry, on Friday.

This disclosure was made by the Commissioner during a media chat in Alausa in Ikeja.

Mr. Akinderu-Fatai, during the media chat in Alausa, stated that the housing scheme constructed by the State Government in collaboration with Echostone Development Nigeria Limited, has 252 units of two-bedroom bungalows on an expanse of 12.5 hectares in Idale, Badagry, as part of efforts towards reducing the Housing deficit across the State.

What they are saying

AkinderuFatai while speaking at the media chat with newsmen averred the unique nature of the scheme, as it is the first green estate to be owned by the State Government, he said:

  • “The Estate, which is one of the several initiatives of the Ministry of Housing, was borne out of a Joint Venture with Echostone Development Nigeria Limited based on an innovative building technology that supports housing production within optimal time at reduced cost.”
  • “The Lagos State Affordable Public Housing Scheme in Idale is an eco-friendly housing scheme as each house comes with two trees and a garden. Also, the homes are easy to maintain because the design supports energy efficiency in terms of power and water usage.”
  • “The Estate also comes with state-of-the-art infrastructure such as water treatment plant, central sewage treatment plant, streetlights, spaces for community activities, road network and drainage, as well as perimeter fence. The commissioning of the Idale Housing Project will be performed on Friday, 11th December 2020 by the Governor of Lagos State, Mr. Babajide Olusola Sanwo-Olu.”

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor. He is a business owner and a stern advocate of Financial literacy, who believes in the huge economic prospect of the Nigerian Payment channels and Fintech space.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Real Estate and Construction

Lagos warns land grabbers to stay clear of state’s lands

Lagos warned land grabbers against fraudulent sales of government land.

Published

on

Lagos dismisses levy on audio and visual contents, suspends LSFVCB boss, Lagos SEC meeting goes virtual as full lockdown commences, Partial lockdown guidelines for businesses from May 4, Nigeria @ 60: Lagos State Government opts for a low-key celebration of the Independence Day

The Lagos State Government has warned land grabbers against the fraudulent sales of government land, as it steps up efforts to address the menace in the State.

This was disclosed by the Lands Bureau in a statement shared via Twitter on Wednesday.

The Permanent Secretary, Lands Bureau, Mr. Bode Agoro stated that the State was addressing incidents of defrauding unsuspecting members of the public by land grabbers, known as ‘Omonile’.

He urged members of the Real Estate Developers Association of Nigeria, community leaders, land surveyors and other key players in the sector to see the land-grabber menace as a common enemy to the growth of the Real Estate sector and efficient land resources management in Lagos.

READ: Lagos warn against unlawful ownership transfer of state housing units

He said, “These Land Grabbers have now taken their game to a new level as they have the audacity to erect signposts bearing Lagos State Government logo and excision application file numbers in their desperate attempt to deceive the prospective buyers.

“This engagement is, therefore, crucial at this material time as we cannot afford to fold our arms while some dubious persons continue to take advantage of hardworking and responsible Lagosians by selling illegal lands to them.”

According to him, if the Omonile syndrome was not nipped in the bud, it would fester and continue to prevent many well-meaning corporate organisations from making investment decisions due to the confusion, anarchy and avoidable conflicts caused by land grabbers’ activities.

READ: Lagos takes building demolition exercise to Ilupeju

What they are saying

Chairman, Real Estate Development Association of Nigeria (Lagos State Chapter), Mr. Bamidele Onalaja, explained that members of the Association were fully committed to working with the government to confront the challenge posed by land grabbers’ activities in the State.

The Co-Ordinator of the Lagos State Special Taskforce on Lands Grabbers, Mr. Owolabi Arole, noted that the Lagos State Properties Protection Law 2016, established a task force to enforce the provisions of the law and vested in it, power to arrest offenders.

READ: Lagos removes 200 shanties at Opebi to maintain planning standard, restore order

bitcoin train

What you should know

  • Some of the communities where activities of land grabbers are most notorious in Lagos State are Okenla Village, Idake Village, Ajao Oki Village, Ladegbole Village, Imedu Village, Iratirin Village, Obadimisi Village, Shekina Alo Village, Fowoseje Village, Iraboko Village. Adamatiye Community, Ogunro Community and Sorogun Community – all in Ibeju-Lekki, as well as Ogombo Village in Eti-Osa and Oshiun Village in Kosofe, Lagos State.

Binance
Continue Reading

Real Estate and Construction

Lagos re-channels, re-aligns Banana Island shoreline, says demolition continues

Lagos says there is an urgent need to nip the land extension work in the bud.

Published

on

The Lagos State Government has commenced the re-channelisation and re-alignment of the Banana Island shoreline, with the dredging and re-opening of the illegally reclaimed portion of the Creek at 101 Close, First Avenue on the Island.

This was disclosed by the Commissioner for Waterfront Infrastructure Development, Arc. Kabiru Ahmed Abdullahi, on Wednesday.

While inspecting the reopening of the creek, Abdullah explained that there was an urgent need to nip the land extension work in the bud.

READ: Lagos warn against unlawful ownership transfer of state housing units

According to him, the extension has narrowed the creek and brought about distortion in the aesthetics of the shoreline as well as a high possibility of environmental degradation.

The Commissioner stated that perpetrators of the illegal reclamation into the Lagoon violate the Physical Planning laws of the State, adding that they had been served with ‘Stop Work’ orders but persisted in the reclamation and construction.

He said, “State Government will not fold its arms and watch the degradation of its environment and attendant risk to life and property of the citizenry.

“The demolition, as well as dredging and channelisation works on the illegally reclaimed lands, will continue at Banana Island and other shoreline areas of Lagos in order to restore sanity.”

READ: Lagos State launches Joint Revenue Committee for efficient tax administration

What you should know

  • The State Government commenced the demolition of buildings that contravened the building laws and regulations in Banana Island on Monday.
  • At 102 Close, K Zone, a section of the lagoon has been reclaimed with just the provision of narrow drainage for water to flow. As a result, the concrete and perimeter fence erected facing the lagoon were pulled down, while the building was sealed and the gate locked.
  • At 306 Close, a two-storey building under construction was pulled down for not getting an approval to build, as the development encroached on the state shoreline.
  • It would also be recalled that the Lagos State Government had sealed off 22 buildings in the Banana Island and Ikoyi axis of the state over lack of building permits and conformity issues.

Continue Reading
Advertisement




Advertisement

Nairametrics | Company Earnings