12 February 2013

Nigeria: Lagos Creates New Town At Igbogbo With 676 Housing Units

The Lagos State Government says it is pursuing an aggressive housing proagramme that would not only address accommodation problems but will redistribute population and impact on the economic, social and traffic situations of their host communities.

The Commissioner for Housing, Mr. Bosun Jeje told newsmen at the site of the 420- unit Lagos HOMS project at Igbogbo, that with the project located beside the 256 units of flats at Adeboruwa Estate, a new town is on the verge of being created in Igbogbo in Ikorodu.

According to him, with a combined number of 676 units coming up on that axis, the landscape is bound to change. There will be increase in population with attendant increase in commercial activities. Transportation will wear a new face, as vehicular density indices of the hitherto sleepy town will be altered.

Jeje who promised that the project will be delivered on schedule said the state government is determined to bridge the existing deficit in housing supply in the state through direct investment and partnership with the private investors in the sector.

He stated that the location of the schemes will increase the value of land in the area. Jeje promised that the allocation of the units will be based on the principles of Home Mortgage Scheme which will be transparent. First time owners will have preference and it will be on first come fist served basis.

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