Lagos drives housing growth with innovation, private capital

By Francis Ajuonuma
The Lagos State Government has reaffirmed its resolve to tackle the state’s housing deficit through innovative strategies and sustained public-private partnerships, pointing to measurable gains recorded in recent years.
Officials said the delivery of more than 11,000 housing units within nearly seven years underscores the capacity of deliberate policies and private-sector collaboration to expand access to housing and gradually reduce the deficit across the state.
The disclosure was contained in a statement by the Director of Public Affairs, Ganiyu Lawal, following a courtesy visit by postgraduate students of the Centre for Planning Studies, Lagos State University, to the Ministry of Housing, where the Permanent Secretary, Abdulhafis Toriola, received the delegation.
According to the statement, the visit was aimed at exposing the students to the practical realities of housing administration, policy implementation and service delivery, while strengthening collaboration between government institutions and the academic community.
Represented by the Director of Administration and Human Resources, Mr Akanji Shadare, Toriola commended the students and their lecturers for the initiative and called for a sustained exchange of research outputs and innovative ideas to further improve housing delivery in Lagos State.
On housing finance, the General Manager of the Lagos Building Investment Company, represented by Mrs Olabisi Funsho-Peters, highlighted the role of mortgage institutions in expanding home ownership, noting that the company provides up to 70 per cent financing with long-term repayment options.
Also speaking, the Executive Director, Enterprise Services, Lagos State Development and Property Corporation, Mr Adeniyi Aromolaran, outlined the corporation’s role in real estate development, sales and rentals, while clarifying that it does not operate social housing schemes.
The engagement, the statement added, reflects the state government’s broader commitment to aligning policy, finance and innovation to build a sustainable housing sector and close the gap between academic research and practical governance.



