• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Sectors Real Estate and Construction

Lagos to build new homes for public, private sector workers, mortgage available at single digit

Chike Olisah by Chike Olisah
November 25, 2021
in Real Estate and Construction
Sanwo Olu
Share on FacebookShare on TwitterShare on Linkedin

The Lagos State Government has concluded plans to construct 3,456 housing units for public and private sector workers in Imota, near Ikorodu. This is part of the state government’s effort to reduce the housing deficit across the state and provide affordable houses to Lagosians.

This disclosure was made by the Lagos State Governor, Babajide Sanwo-Olu, during the inauguration of a set of 480 housing units of Ibeshe LagosHoms, in Ikorodu on Thursday.

According to NAN, Sanwo-Olu said that the 3,456 homes, tagged, ”Imota Workers City”, would be built on 20 hectares of land at Imota area of the state.

MoreStories

House rents in Lagos skyrocket by over 100% as household incomes stall

Why Lagos landlords, agents continue to increase rents

May 15, 2026
FG increases compensation for Section 1 of Lagos-Calabar Highway from N8 billion to N18 billion 

FG to shut one carriageway of Eko Bridge from Sunday night for repairs

May 7, 2026

What the Lagos State Governor is saying

Sanwo-Olu said that the planned housing units would be accessed by workers in the public and private sectors in the state on a convenient mortgage system, spanning 15 years with single unit interest rate.

Going further, he said the major objective of his administration is to build homes within liveable surroundings and to create liveable communities where values are protected and cherished.

The Governor said, ”Every responsive government knows the impact of good and decent homes on the welfare of the people. In line with our inclusive stance, we want to reach as many people as possible in its housing provision efforts.

”For this reason, among others, we are developing a special housing package for workers in the state. They are the oil that lubricates the engine of prosperity in the state. A higher percentage of workers are also in the childbearing stage, raising future leaders. The best we can do is to promote their access to home ownership.

”To this end, the state is concluding discussion with a private developer to build 3,456 homes tagged Imota Workers City, which will be built on 20 hectares of land at Imota.’’

The governor reiterated his administration’s commitment to provision of liveable homes, adding that more homes would be built within liveable surroundings and to create liveable communities where values were protected and cherished.

He said, ”Houses are good but homes are the ultimate. In developing and completing these schemes we are putting in mind the total wellbeing of the people in mind.

”This will add to the actualisation of our vision of building a resilient and dynamic Lagos. We want our families to be nurtured in good environment and children brought up within good settings, so that the legacy of excellence can continue into the future.

”For those who are still waiting for the home ownership opportunity, it won’t be for too long before your dreams will be attained. We are still working and I believe that with the help of God and your support, we still achieve more together.’’

What you should know

Access to affordable housing has become a huge challenge in a megacity like Lagos. The state government’s various housing schemes will help close the huge housing gap in the state that is already facing a housing crisis and make decent homes available to all categories of residents.

The Lagos State Government in September 2021 announced plans to commission its huge housing scheme at Sangotedo in Eti-Osa Local Government as it has restated its commitment to the completion of the 2 phases of the scheme.

Tags: Imota Workers City
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Next Post
Amidst acquisition drama, Honeywell investors make U-turn, sell-off shares

Honeywell regains bullish stance despite NGX's N71.09 billion market cap dip

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Luis Figo
rabafast
nairametrics




DUNS

Follow us on social media:

  • ABOUT US
  • CONTACT US
  • PRODUCTS
  • ANDROID APP
  • iOS APP
  • DISCLAIMER
  • CAREERS
  • PRIVACY POLICY

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics