200 homeowners emerge in Lagos rent-to-own initiative

About 200 people have emerged as homeowners in the March edition of the rent-to-own initiative of the Lagos State Government.

In February, 100 people emerged as homeowners under the initiative and were given keys to their houses.

Keys to the houses were handed to the latest homeowners at a ceremony presided over by the Commissioner for Housing, Mr. Gbolahan Lawal.

According to Lawal, the government presently has over 4,000 housing units yet to be subscribed to across different areas of the state.

He added that sustainability strategies had been put in place such that upon exhausting the available units, there would be collaboration with the private sector for another set of 20,000 housing units.

The commissioner said, “Beyond any doubt, this state government made 100 residents of the state homeowners in their own rights last month; this month also, another set of 200 homeowners have emerged under this initiative. We will continue with this method until the housing deficit in the state is reasonably bridged.

“I am happy to report also that out of the 100 that got their allocations from the state government last year, 75 of them have moved into their homes and they are enjoying their residency. I urge others to quickly take possession so that the objectives of the policy can be fully realised.”

Lawal stated that the increase from February’s 100 Units to 200 in the following month was due to increasing demand from applicants who were desirous of becoming homeowners under the scheme.

He said more opportunities would be opened to other residents of the state as some housing schemes in Sangotedo, Ajara in Badagry, Igbogbo, Igando Gardens, Egan-Igando would be completed and made available before the end of the year.

The commissioner also solicited for support from the allottees to assume responsibility for the estates by cooperating with the facilities managers in ensuring that the amenities were put to good use.

“Efforts should be geared towards ensuring that the environment is kept clean always. The allottees are to ensure that they pay their rents as at when due and embrace maintenance culture,” he added.

The Commissioner for Information and Strategy, Mr. Steve Ayorinde, said with the rent-to-own initiative, Lagos was on course to addressing its housing deficit.

Ayorinde said the deficit was huge when compared with other states in the country and that the Lagos State Government chose the path of rent-to-own to help the low and middle-income earners.

According to him, the five per cent commitment fee from subscribers is the best any government can offer all over the world.



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