Lagos Gov Sanwo-Olu unveils 233-unit housing estate, urges more investment

Governor Babajide Sanwo-Olu of Lagos State on Friday inaugurated 34 blocks comprising 233 housing units at the Abraham Adesanya Housing Estate in Ajah, marking another milestone in the state’s efforts to expand access to affordable and decent homes.

The estate, developed through a Public-Private Partnership between the Lagos State Government and Urban Shelter Ltd., includes one-, two-, and three-bedroom apartments, as well as terraces and semi-detached homes.

Sanwo-Olu said the project reflected his administration’s commitment to increasing the supply of modern homes under the T.H.E.M.E.S Agenda and stressed the need for greater private-sector participation in housing delivery to meet the rising demand across all income levels in Lagos.

He noted that Lagos, as Nigeria’s fastest-growing urban centre, requires more private-sector participation in housing delivery to meet increasing demands across all income categories.

The governor said that the state had continued to play its part by providing land, regulatory support and supervision, while partners provide financing and technical expertise.

He said that the government had granted incentives such as a 40 per cent rebate on permits, including Environmental Impact Assessment, Traffic Impact Assessment and physical planning approvals, to encourage developers.

Sanwo-Olu, however, warned that the state will not hesitate to review or revoke joint-venture projects that failed to meet agreed timelines or quality standards.