‘Greater Lagos’: Governor Sanwo-Olu delivers 16th housing project

*Governor Babajide Sanwo-Olu of Lagos State stresses importance of collaboration in his administration’s drive to provide affordable and decent housing for the residents, saying  public-private collaboration has yielded positive outcomes

*Project is ‘another progress’ recorded by the Babajide Sanwo-Olu administration in closing housing deficit in Lagos, says LSDPC Chief

Isola Moses | ConsumerConnect

As part of the current administration’s drive to provide affordable and decent housing for Lagosians through the Public-Private Partnership (PPP) model, Governor Babajide Sanwo-Olu of Lagos State, Tuesday, August 2, 2022, inaugurated a mini-housing scheme in a residential neighbourhood of Victoria Island.

ConsumerConnect reports the Lagos State Development and Property Corporation (LSDPC) and Brook Assets and Resources Limited, a private real estate developer, jointly developed the Channel Point Apartments, which are a composite housing project.

The housing scheme, located in Sinari Daranijo Street, on Victoria Island, consists of twin blocks of 38-unit two-and three-bedroom flats on a land size of 2,832 square metres.

The project makes it the 16th housing project completed and commissioned in the last three years by the Sanwo-Olu administration.

The governor stated that the new milestone showed the result of collaboration between Government and the private sector.

According to Sanwo-Olu as well hinted at his administration’s drive to provide affordable and decent housing for the residents through public-private collaboration had yielded positive outcomes.

The urban renewal agenda of the Lagos State Government remains, said the governor.

He also noted the overall goal of provision of modern housing and infrastructure is to ensure that the Lagos State sustains its growth and the megacity status.

Sanwo-Olu further stated: “I congratulate LSDPC and Asset Brooks and Resources Limited on the successful completion of this edifice.

“Progress is, indeed, achievable when public and private sector enterprises come together, bringing their core strengths to the table, for the good of the entire society.”

He added: “This positive outcome is yet another testimony to the effective collaboration between Government and the private sector in the implementation of our agenda to provide affordable and decent housing for our people.

“I am impressed by the quality of work done by the contractor, which reflects the quality of monitoring and supervision by the LSDPC, which has sustained the high standards set long before now.

“We shall continue to pursue and implement this tried-and-tested model of public-private collaboration, as it has proven to be a potent strategy for keeping up with the rate of demand for housing by our rapidly increasing population.”

He assured Lagos residents the State Government would continue to provide a supportive environment for business and investment to flourish, while improving life expectancy in the across the cosmopolitan state in Nigeria.

Mr. Ayodeji Joseph, Managing Director of LSDPC, described the project as “another progress” recorded by the Sanwo-Olu administration in closing the housing deficit in Lagos.

Development of the Channel Point Apartments, Joseph said, was conceptualised during Sanwo-Olu’s tenure as the Chief Executive Officer of LSDPC.

The Managing Director said the site of the project had two bungalow houses before the agency converted it into a mini estate.

Managing Director of Brook Assets and Resources Limited, Ms. Lanre Sola, also said the scheme offered luxury accommodation for the comfort of the allottees.

Sola stated: “Despite the challenges we encountered in the course of the development, including the paucity of funding occasioned by the outbreak of COVID-19, we were resilient and showed great commitment to deliver the project.”

Among other features, the mini estate has modern facilities, including a water treatment plant, LPG Reticulation Service, fitness gym, swimming pool, roof-top cinema, sit-out space and two elevators per block.

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