The Lagos State Commissioner for Housing, Hon. Moruf Akinderu-Fatai, has unveiled the State Government’s plan to provide 100,000 liveable and affordable homes across the State in the next three years through improved partnership with private investors and utilization of innovative building technology
Akinderu-Fatai made this assertion during the maiden Webinar on the Green and Eco-Friendly Housing Estate in Idale, Badagry, a joint venture between the State Government and Echostone Nigeria.
Describing the project “as the first of its kind”, the Commissioner pledged that the State government, under the leadership of Mr. Babajide Sanwo-Olu, would not rest on its oars in ensuring that the challenge of housing deficit in the State is reduced to the barest minimum.
He said: “As one of the envisaged milestones of success in the T.H.E.M.E.S agenda, the provision of affordable and decent homes for the ever increasing population of the State remains key for the Sanwo-Olu administration”.
Speaking further, the Commissioner stated that the huge population of the State makes provision of affordable housing a great challenge.
“Nonetheless, we are working hard on our agenda and mandate of reducing the housing deficit. We are responding to this challenge through completion of on-going housing schemes, increased collaboration with private investors as well as strategizing on innovative technology to increase speed of building,” the Commissioner said.
As an evidence of the State government’s commitment to the objective, the Commissioner disclosed that 492 allotees were recently given keys to their homes at Alhaji Lateef Kayode Jakande Gardens in Igando, Alimosho Local Government.
“Already, 360 home units are also nearly completed for habitation at Igbogbo (11b) in Ikorodu Local Government area. Before the end of the year, our housing schemes at Sangotedo (744 homes), Odo Onosa /Ayandelu (660 units), and Egan Igando to mention a few will be made available”, he disclosed.
He further disclosed that Peridot Parkland Estate, Idale in Badagry consisting of 252 housing units is completed and ready for delivery.
The Honourable Commissioner also conceded that the challenge of affordability and accessibility is very real especially for the middle and low income groups.
He, however, noted that as an inclusive government, the State government has laid down convenient financial re- payment plan through its Rent- to-Own scheme which will be spread over 10 years with 5% down payment to ease the financial burden of home ownership. He, thus, urged mortgage financial institutions to look into bringing down cost of funds for building and buying homes.
Akinderu-Fatai further stated that the collaboration with Echostone has shown clearly that the Lagos State government will speedily meet up with its target in housing delivery thereby increasing the home stock in the State.
He revealed that the innovative technology and ecofriendly designs used at Idale will soon be deployed towards the construction of multilevel structures in the urban parts of the State, notably Ayobo, Ipaja to speedily reduce the challenges of housing deficit in the State.
Expressing his satisfaction with the quality of houses built at Idale by Echostone Nigeria, the Permanent Secretary, Ministry of Housing, Mr. Wasiu Akewusola ,said that more housing schemes to be initiated by the State will benefit from the technology introduced by the firm.
Akewusola said that the partnering firm employed an innovative technology that is fast, safe and energy saving.
“We are pacesetters and beyond provision of houses, Lagos State intends to continue to set the benchmark in quality and affordability in housing “, the Permanent Secretary said.
Earlier, Mr. Sammy Adigun, the Director of Echostone, Nigeria who also moderated the virtual conference, disclosed that apart from the benefits accruing to the environment through optimisation of energy consumption, the project also showcases an innovative technology which speeds up housing delivery, utilises lesser energy and generates minimal waste from site activities.
While disclosing some of the unique features of the green and eco-friendly estate, he revealed that the energy savings level of the building is 29% from reduced window to wall ratio and energy saving bulbs for internal and external spaces.
He also said that water savings from the houses is 35% from low flow showerheads, faucets and dual flush. In addition, 43 % less embodied energy is saved in materials usage such as reinforced concrete slabs, aluminium sheets on timber rafters for roof and situ-reinforced walls for both internal and external walls.
Also speaking, Mr. Ahmed Musa Dangiwa, the Managing Director, Federal Mortgage Bank of Nigeria (FMBN) offered financial tips on the best possible ways to access mortgage financing and urged intending home owners to access or visit any of the 36 branches to make enquiry on how best to access the fund for building, buying, renting and renovation of homes.
In his remark, Mr. Festus Adebayo, founder of Abuja based International Housing show and Housing TV Africa, urged all stake holders in the housing sector to embark on an aggressive campaign to sensitize the public on mortgage financing.
“Advocacy and increased enlightenment for mortgage banking is the next essential step in the process of increasing home ownership in the nation”, he said.
MD and CEO, Nigeria Mortgage Refinance Company (NMRC), Mr. Kehinde Ogundimu, also advised investors to address the need to invest more in the housing sector to promote the socioeconomic development of the nation.
He endorsed the Peridot Parkland Estate, which is sited on 10 hectares of land at Idale in Badagry, as meeting the standard requirements for mortgage financing.
Other facilities in the estate aside 252 blocks of 2 bedroom flats are high quality infrastructural support such as road network and drainage, street lights and central sewage system.
The scheme, which is now ready for habitation, was constructed using an innovative technology that delivers multiple blocks of flats with lesser energy and minimal waste within a short time.