Lagos State’s Commissioner for Housing, Moruf Akinderu-Fatai, has said budgetary allotments are insufficient to meet the state’s housing shortage.
According to The PUNCH, he revealed this during a recent media briefing in Lagos, when he provided an overview of the state government’s housing intervention plans for the year.
“The state budget cannot meet the enormous gap in housing requirements of the people, because the only way to create more affordable homes for the state’s high and low income earners is though partnerships with real estate industry participants .
“The state is also considering offering incentives to private investors who are financially able to support the state government to build for the low-income earners in spite of Inflation posing a challenge to the building of more homes.”
The commissioner said “the state administration was under pressure to develop more homes in order to close the housing shortage, therefore it was aware of the unchecked flood of people into the state”.
Akinderu-Fatai claims that one tactic the state administration is using to boost the supply of suitable housing in the state is collaboration with private investors.
“We will keep addressing the housing shortage’s difficulties, especially for low-income people, by involving the private sector,” he claimed.
According to Akinderu-Fatai, the state government would work with private investors to accomplish the goals of effectively providing suitable dwellings in the state in accordance with the THEMES+ agenda.
He said, “the government will support the needs of first time buyers who desperately need accommodation facilities through one time payments and rent to own a platform.”
Speaking on the subject of estate security, Permanent Secretary in the Ministry of Housing, Abdulhafis Toriola, stated that numerous complaints had been received from some estates over the presence of suspicious individuals living with some landowners, who were deemed to be a threat to the residents.
He continued by saying that the ministry would look into it immediately and take the appropriate action to protect lives and properties of residents in estates.
In addition, the permanent secretary urged allottees to assume responsibility for joint amenities and abide by the regulations established to preserve the estates
