The Lagos State Governor, Mr Babajide Sanwo-Olu, has said a 3,400 housing package will be made available for the public and private sector workers for them to access home ownership.
Sanwo-Olu said this on Thursday while inaugurating the Lagos Home Ownership Mortgage Scheme, in Ibeshe, Ikorodu.
He said, “In line with our inclusive policy and commitment to the welfare of workers, I am happy to announce that we are developing a special housing package for workers in the state.
“The working class is the oil that lubricates the engine of prosperity in the state. The best we can do to reciprocate their contribution to our commonwealth is to promote their access to home ownership.
“To this end, the state government will soon conclude an arrangement with a private developer to build a total of 3,400 units for public and private sector workers in the state.
“The scheme to be known as Imota Workers City will be built on 20 hectares of land at Imota. The home units will be accessed by workers in the public and private sectors in the state on a convenient mortgage system spanning 15 years with single unit interest rate.”
The Commissioner for Housing, Moruf Akinderu-Fatai, noted that the government would complete all housing schemes left unfinished by previous administrations.
“It is worthy of mention that housing development comes under the pillar of making Lagos a 21st century economy in the THEMES agenda.
“Based on this policy thrust, the state government has been working on the completion of all the housing schemes initiated but left unfinished by previous administrations in the state and has been involving the private sector in housing development,” he said.