Business/Economy

Sanwo-Olu inaugurates 100 units housing project

Supreme Desk
14 Oct 2021 11:30 AM IST
Sanwo-Olu inaugurates 100 units housing project
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...11 housing estates in less than three years, over two and a half years that they came to government has been done, and still have a lot more that they are pushing.

Gov. Babajide Sanwo-Olu of Lagos State on Wednesday inaugurated the Bayview Estate, a 100 units of housing project in Ikate-Elegushi, Lekki area of the state. Sanwo-Olu said at the inauguration that the 100-unit housing project was made up of 68 terraces of four bedrooms and 32 flats of three bedrooms, on a total land area of 23,000sqm.

Supreme reports that the Bayview Estate is a joint venture project between the Lagos State Development and Property Corporation (LSDPC) and Misa Ltd. According to him, the state government is building for everybody; for the upper-middle market, middle market and also for the medium to low earners. He said they are in a dynamic environment and will continue to work with our private sector developers.

Lagos govt. have so many other private sector schemes that jointly work together with organised private sector to have houses that are affordable and are accessible to citizens. He promised the citizens and people, to continue and ensure that they meet those promises. He added that 11 housing estates in less than three years, over two and a half years that they came to government has been done, and still have a lot more that they are pushing.

Highlight of the programme is the naming of a block of the LSDPC building after a GL-15 staff, late Mr Wakilu Hamzat. The late Hamzat, who had put in not less than 25 years service in the corporation died in the early hours of Wednesday, few hours before the inauguration of Bayview Estate. In honour of Engr Wakilu Hamzat, block C was named after him. He enjoin the engineers to specially paint the block and to acknowledge his great work.

Governor said Wakilu was somebody he personally know, will be greatly missed he thanked God for his life. He has served not less than 25 years. Sanwo-Olu promised that the state government would sponsor his children's education. In his opening remarks, Mr Moruf Akinderu-Fatai, Commissioner for Housing, said that completing more homes in the state re-echoed and underscored a resolve to bring solutions to housing deficit.

Akinderu-Fatai added that the initiative would revitalise the economy. He said that this would improve the total environment and increase the sense of wellbeing of the people. Through various interventions in the housing sector, more homes have been provided and many liveable and model communities have been created all over the state. Construction works at the various sites of housing schemes have also resulted in economic vibrancy for both skilled workers and artisans through creation of direct and indirect employment.


The local economies of the project areas have also been greatly revitalised with increased commercial activities from both the supply and demand angle of housing development. He said that they will spare no efforts in ensuring no housing scheme is left uncompleted. With the support and cooperation of everyone, the dream of a greater Lagos will emerge fully even in our time.

Also, Mr Dhikrullah Har-Yusuph, LSDPC Managing Director, said that site of the Bayview Estate was a far cry from what could be seen presently. The land was a marshy, swampy lowland that is typical of the terrain in this vicinity. To the end, he acknowledge the massive investment committed by their partner, Messrs. Misa Ltd into the sub-structural element of the estate. Har-Yusuph said that the state now have an estate ready for habitation without any fear of flooding, despite the terrain.

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