Lagos State Governor, Babajide Sanwo-Olu, has tasked members of the Nigerian lnstitute of Building (NIOB) to develop innovative solutions that would help the country tackle various challenges militating against mass housing provision.
He stated this, yesterday, at the 31st builders’ conference and yearly general meeting of the Lagos State Chapter of NIOB, entitled, “The Shifting Landscape: Redefining the Real Estate Industry”, held in Lekki, Lagos.
The governor, represented by the Permanent Secretary, Office of Works, Lagos, Adebayo Odusanya, said the government and private investors, were desirous of providing mass housing, but are limited by challenges, such as affordability in terms of pricing of the homes and purchasing the property by the citizens, among others.
Sanwo-Olu said: “We are aware of the attendant impact of housing on the health and economic well-being of the citizenry such that it can generate a strong economic base for productivity of the people, increase employment and even serve as collateral for financial transactions. Our target therefore is to facilitate a housing finance system that will produce a foundation for long-term growth.
He, however, lauded the NIOB Lagos chapter for showing the spirit of excellence to find solutions to sustainability and maintenance issues necessitated by population explosion and its attendant pressure on transportation, infrastructure and technology to meet growing need across the country, and particularly in Lagos State.
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