492 families benefit from Sanwo-Olu’s housing scheme

February 1, 2020
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Our Reporter

It was all outpouring of emotions and joy, on Friday, at the Banquet Hall of the State House in Alausa on Friday when Lagos State Governor, Mr. Babajide Sanwo-Olu, presented keys to beneficiaries of his administration’s maiden rent-to-own housing scheme.

Sanwo-Olu allotted all the apartments of the Lateef Kayode Jakande Housing Estate in Igando to 492 families certified by the State’s Mortgage Board to benefit from the scheme. The allocation came four months after the housing estate was completed by the Sanwo-Olu administration.

A 56-year-old widow, Mrs. Fatimat Kosoko, betrayed emotion as her name was being announced to benefit in the scheme.

The mother of four, who is a staff of the Ministry of Education, said the scheme had brought a “huge relief” to her family, eight years after she had been struggling to provide decent accommodation for her children, following husband’s demise. She got a 40 per cent rebate on the monthly payment to service the mortgage.

Read Also: Ajao Estate residents to Sanwo-Olu: ban Okada in our area

Sanwo-Olu described the development as “a promise kept ahead of time”, noting that his administration’s modified rent-to-own housing scheme took off earlier than expected.

The Governor reiterated that provision of decent homes for a large number of residents across the State remained a key thrust of his administration’s social intervention scheme, stressing that his Government had introduced a simple mortgage model to expand the opportunity to low-income families.

The Governor said the delivery of affordable housing to low-income residents underscored “irrevocable commitment” of his administration to actualise its agenda of building a 21st century economy and attaining ‘Greater Lagos’.

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