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Lagos unveils new Ikorodu residential schemes, targets 390 flats

Published by Guardian on Mon, 20 Aug 2012

DETERMINED to attain success in its dream to deliver affordable homes to residents, the Lagos State Government has embarked on the construction of more residential estates in the state.Two of such estates are a resettlement scheme comprising of 70 blocks of flats and another, 320 units of flats, packaged under Igbogbo Housing Estate Phase II. The two projects are located in Ikorodu neighborhood.While the resettlement scheme designed in I, 2 and 3 bedroom blocks of flats with 3 bedroom terrace houses, specifically located in Odo, Ayandelu/Odo-Onosa Village along Agbowa, Sagamu Road, Ikosi-Ejirin Local Council Development Area (LCDA), Agbowa, the later, which is billed for delivery mid 2013, designed in 1, 2 and 3 bedroom apartments, located within Ikorodu Satellite Town, Igbogbo, is coming with basic infrastructure such as a mini-water works, roads and drainages as well as lock-up shops.Speaking during the inspection of the projects at the weekend, Commissioner for Housing, Mr. Bosun Jeje, said the state government had decided to build the resettlement estate in order to accommodate some people that may be affected during urban upgrading of some flooded or blighted areas in the state, adding the idea was to ensure homelessness is reduced to the lowest point.The scheme, is which occupying a wide land space, was at foundation stage, when the Commissioner visited. Working on the scheme are 22 contractors, out of which seven have been mobilized, though eight contractors already working on site.According to Jeje, the Igbogbo housing estate is part of the Lagos' programme in reducing the nation's housing shortfall, a feat the state government has been pursuing, particularly, now through its Home Ownership and Mortgage Scheme, which is yet to be launched.The estate also promises to increase available housing stock in the state, improving economic activities of residents of the area who will be engaged in the construction activities.'We want to address the housing hic-cups. With this type of project, we are already working to make the supply aspect of the programme available, so that when the mortgage scheme eventually takes, we would not have problem with demand. That is why we want to have the houses in excess at least to meet the demand.'He said the estate, meant for all cadres of Lagos residents, would be allocated through a transparent process, which the state would soon put in place, adding it has been the state government desire to partner with private investors on delivering of homes to her people.'Igbogbo Housing Estate Phase I is already completed. We have been calling and encouraging private sector to partner with us. Very soon the government will hands off from directly building housing estates, what it would do is to provide conducive environment and allow the private sector to do the construction.'Special Adviser to the governor on housing, Mr. Jimo Ajao, had stressed that the project would no doubt, improve economic activities of the area through the engagement of professionals, artisans and traders, especially food vendors in the course of construction.Ajao recalled that in order to make housing affordable in the state, government came up with the Lagos HOMS, a Rent-to-Own first time Home Ownership and Mortgage Scheme, adding that the plan was to commence the scheme with existing stock of houses provided by Ministry of Housing, 'and that is why the first phase of this estate over there has not been fully subscribed.'Targeted chiefly at low-income earners and first-time home buyers, HOMS comes with six per cent interest rate and a minimum of 10 years and maximum of 20 years repayment tenor, which makes it truly a mortgage system that is affordable.
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