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Lagos Unveils Housing Policy For Masses

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By Dipo Olowookere

In fulfilment of his campaign promise that his administration would come up with a new housing policy that will make all residents in the state have access to shelter irrespective of their social status, tribe or income, Lagos State government has unveiled affordable housing units spread across the three Senatorial Districts.

Speaking at the unveiling of the new housing policy in Epe, Governor Akinwunmi Ambode stated that the policy was in line with the set objectives of his administration to make life more comfortable and easy for all Lagosians irrespective of their status, tribe or level of income.

He said the initiative, tagged ‘Rent-To-Own and Rental Housing Policy’ represented an improvement on the Lagos Home Ownership Mortgage Scheme inherited from the previous administration, under which a beneficiary was required to make an initial payment of 30% as equity contribution with monthly payment of the balance spread over a period of 10 years.

The Governor, who was represented at the event by his Deputy, Dr Idiat Oluranti Adebule expressed happiness that the new housing policy would benefit low income earners, traders and the general masses, adding that the feedback from the general public on the previous Lagos Home Ownership Mortgage Scheme indicated that there was a need to review the former policy such that more people will have the opportunity to participate in the process.

Mr Ambode disclosed that government has put necessary measures in place to ensure total transparency in the procedure and allocation of flats to prospective owners, warning members of the public to follow the normal guideline and not pay a dime to any individual or agent as bribe, stating that the scheme is aimed at alleviating the housing problem of the masses and not a way of extorting them.

“I want to assure the people of Lagos State that the selection process will be credible, fair and transparent, you therefore don’t need to know anyone in government to apply for the home ownership programme,” he emphasised.

While explaining the various benefits of the new affordable housing policy, the Governor noted that prospective beneficiaries are free to choose between the Rent- To- Own and the Rental Housing arrangements, stressing that “Under the Rent to Own arrangement, beneficiaries are to pay only 5% of the value of the housing unit as commitment fee with the balance spread over 10 years while on the other hand, beneficiaries of the Rental Housing policy are required to be regular income earners who are to pay just an initial one month rent as deposit and move to occupy the house on lease agreement.”

He revealed that 80% of the available housing units will be operated under Rent-to- Own arrangement to enable the general masses enjoy its full benefits while the remaining 20% will be dedicated to Rental Housing, adding that, “I have directed Ministry of Housing and other relevant agencies to ensure there is full disclosure of information that will guide the general public in making their choices.”

Mr Ambode maintained that the implementation of the new housing policy will take off with the unveiling of more than 1,000 housing units in Epe, Agbowa, Ojokoro and Ikorodu.

Earlier, Commissioner for Housing, Prince Gbolahan Lawal explained that the new housing policy is in line with the desire of the present administration to provide affordable accommodation to all residents of the State.

He declared that since access to decent and affordable houses remain a very big challenge to many Lagosians especially under the current economic recession in the country, it is the policy thrust of the present administration to ensure that many public officers, employees of organised private sector, artisans and the general masses benefit from the affordable housing policy as a way of bringing dividends of democracy to their door step.

The Commissioner averred that the State Government has concluded plans to continue to engage the services of facility managers to ensure that the estates are well maintained and kept clean at all times.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Nasarawa Orders Immediate Shutdown of Mining Activities in Endo Community

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Lideal Mining Company

By Adedapo Adesanya

The Nasarawa State government has ordered the immediate suspension of mining activities at Endo community in Udege, directing Lideal Mining Company to stop operations and vacate the site without delay.

The government also ordered an immediate halt to the movement of raw minerals from the location, tightening restrictions around the disputed mining area.

The latest intervention by the state government signals a tougher stance on mining operations considered capable of threatening public order or operating outside established procedures.

Announcing the decision in Lafia, the state capital, the Commissioner for Environment and Natural Resources, Mrs Margaret Elayo, said the action followed a series of consultations, stakeholder engagements and security assessments linked to activities within the affected mining cadastral unit.

She said the directive was issued in the public interest as part of efforts to maintain order, protect host communities and strengthen regulatory compliance in the state’s mining sector.

According to the commissioner, the company has been instructed to begin the immediate withdrawal of its mining equipment, heavy machinery, trucks, operational facilities and personnel from the site.

Mrs Elayo said the move aligns with the administration of Governor Abdullahi Sule, which has repeatedly pledged to enforce lawful mining practices, preserve peace in mining communities and build investor confidence through transparent regulatory processes.

She stressed that the government’s decision forms part of a broader plan to reposition the mining sector and ensure that mineral development does not undermine security, environmental standards or community stability.

To enforce compliance, the state government has directed the deployment of security personnel to the affected mining site to prevent unauthorised activities and ensure full adherence to the suspension order.

Nasarawa remains one of Nigeria’s key solid minerals states, attracting growing interest from mining investors because it contains lithium, tin, columbite and other strategic minerals.

However, increased mining activity has also heightened concerns around regulation, community disputes, environmental protection and security management.

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EFCC Arrests Convicted Ex-Power Minister Saleh Mamman

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EFCC Arrest Saleh Mamman

By Modupe Gbadeyanka

The recently-convicted former Minister of Power, Mr Saleh Mamman, has been arrested by the Economic and Financial Crimes Commission (EFCC).

Chairman of the EFCC, Mr Ola Olukoyede, during a press briefing in Abuja on Tuesday, said the former senior government official was apprehended this afternoon along with two others accused of shielding him.

Earlier this month, Justice James Omotosho of the Federal High Court in Abuja convicted Mr Mamman for N33.8 billion fraud after he was found guilty of a 12-count charge brought against him by the EFCC. He was sentenced to 75 years in prison, though he was not present in court on the day of his sentencing.

Speaking with journalists today, Mr Olukoyede said the convict was arrested at 3:30 am on Tuesday in a house in Kano, where he was allegedly being protected.

“Ladies and gentlemen, you will recall that sometime in January 2025, we filed charges against the ex-minister of power for allegedly converting over N33 billion – money that was set aside for the Mambilla and Zungeru power projects,” Olukoyede said during a press briefing.

“About 14 to 15 months down the line, specifically on the 7th of this month, we secured convictions on all 12 counts. Because the defendant was not present, the issue of sentencing was shifted. And on the 13th of this month, he was sentenced in absentia.

“Since then, we decided to open our intelligence surveillance to the public, looking for him all over the place. I am happy to announce to Nigerians that at about 3:30 a.m. this morning, we arrested Mr Saleh Mamman somewhere in Kano. We have discovered that he was actually being protected all this while,” he said.

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UK Backs Pan-African Founder Support Programme at London Tech Week

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UK Pan-African Founder Programme

By Adedapo Adesanya

The United Kingdom is deepening efforts to position itself as a preferred global expansion hub for African startups with the launch of the UK–Africa Ecosystem Week, a coordinated support programme to be delivered during London Tech Week.

Powered by the UK–Africa Sandbox and Ventures 54 in partnership with the UK Department for Business and Trade (DBT), the initiative is expected to provide African founders with structured support to navigate business, investment and networking opportunities in the UK market.

The programme is also backed by the UK Nigeria Tech Hub, the UK South Africa Tech Hub, London & Partners and the Mayor of London’s office, signalling growing institutional support for stronger commercial and technology ties between the UK and African innovation ecosystems.

According to the organisers, the initiative introduces a more coordinated approach to participation at London Tech Week, one of the world’s largest annual technology gatherings, which attracts over 100,000 participants across more than 500 events yearly.

Founders participating in the programme will gain access to curated sessions, concierge-style support services, dedicated workspaces, investor engagement opportunities and market entry guidance tailored to African technology companies seeking expansion into the UK.

A flagship UK–Africa Ecosystem Day will also bring together investors, policymakers, ecosystem builders and founders to discuss commercial expansion opportunities and partnerships between both regions.

Founder of Ventures 54 and UK-Africa Sandbox, Mr Anthony William Catt, said the initiative was developed in response to the increasing number of African startups travelling to London Tech Week over the last few years.

He explained that what started as informal networking gatherings under the London Africa Network had evolved into structured programming and has now scaled into a full week of activities aimed at helping founders maximise opportunities available within the UK ecosystem.

“This is about putting the right structure in place, so African founders have a dedicated support track to get the most out of the week and access the best of what the UK has to offer,” he said.

Speaking on the initiative, Acting His Majesty’s Trade Commissioner for Africa, Mr Ben Ainsley, described the UK as a natural destination for ambitious African startups due to its large technology ecosystem, deep venture capital market and access to global talent.

“The UK Government is committed to supporting high-growth international companies succeed in the UK and initiatives like the UK–Africa Sandbox demonstrate our focus on making it easier for African founders to access support and fully engage with the UK’s world-class innovation ecosystem.”

The programme is expected to attract delegations and founders from countries including Nigeria, South Africa, Kenya, Egypt, Algeria and Ghana.

Organisers added that the initiative would extend beyond London Tech Week through the broader UK–Africa Sandbox platform, which aims to support African founders entering the UK market while also creating pathways for UK startups seeking expansion opportunities across Africa.

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