Sanwo-Olu delivers 378 housing apartments, promise more across Lagos communities

By: Tijani Salako.

Governor of Lagos State, Babajide Sanwo-Olu has part of his political promise on Monday, 19 of May, delivers two housing landmark projects through the Joint Venture Agreement (JVA) of Lagos Building Investment Company (LBIC) Plc, by commissioning 21 blocks of 378 apartment units in Obele-Oniwala community in Lawson area of Surulere and 64-unit of four-bedroom maisonette in Olaleye New Town Estate in Iponri axis of Costain.

The two housing projects, named “Greater Lagos Apartments”, were built by LBIC in partnership with two private developers: Megamound Investment Limited and Crown Exquisite Homes and Property Limited, which the Surulere project is built on 3.7 hectares, comprising sets of one-bedroom, two-bedroom and three-bedroom flats and the Iponri sitting on 7,000sq metres respectively, bringing the number of housing projects delivered by his administration to 22 schemes.

While inaugurating the projects, the Governor said the housing project did not only transform the landscape of their host communities, but also highlighted the fulfillment of the residents’ expectations towards regeneration of their communities, turning around an eyesore area in the community to more attractive and decent homes for residents. A parcel of land in Obele-Oniwala community in Lawanson area of Surulere, which was previously used as a refuse site, has now fully transformed to luxurious residential complex.

The Governor said both projects reflected his administration’s commitment in improving the standard living of the people by offering modern, affordable and sustainable housing solutions for the State’s growing population.

He said: “Today, we are witnessing the realisation of part of that housing vision with the delivery of 378-unit and 64-unit apartments in Obele-Oniwala, Surulere and Olaleye New Town Estate, Iponri, which resulted from a strategic partnership between LBIC and private developers.

“These projects have done more than just provide homes; they have generated hundreds of jobs, empowered local businesses, and contributed to the lively economy of Surulere and Iponri. We have incorporated green spaces and sustainable practices to ensure the developments are not only environmentally friendly but also for future.”

The Governor said the two projects named “Greater Lagos” housing template envisioned in his administration’s development agenda, noting that the construction details focused on affordability and inclusiveness, as he further disclosed that more of similar projects were at various stages of construction across the State, promising that no community would be overlooked.

He said: “Our administration is committed to nurturing innovative partnerships and investing in infrastructure that empowers our people and strengthens our communities. I also invite more collaboration from the private sector in providing more housing solutions for the people of Lagos. With the opening of these new homes, we are unlocking new opportunities, fresh starts, and a brighter future for everyone. Let us continue to collaboratively create not just houses, but homes and communities where every Lagosian can thrive.”

On the Commissioner for Housing part, Hon. Maruf Akindeju-Fatai, said the development shows the commitment of this administration towards ensuring residents lived in decent environments, noting that the housing units were designed and finished with eco-friendly and sustainable materials, added that the Governor’s efforts in bridging housing deficits in Lagos would not go unnoticed, commending Sanwo-Olu for sustaining investment in State’s housing sector.

Managing Director of LBIC, Mr. Olusola Faleye, also affirmed that the housing delivery marked a new dawn and array of hope, stability and opportunity for the families of beneficiaries.

He said: “These partnerships underscore a critical truth: when the public and private sectors collaborate with mutual respect and shared vision, great things happen. I commend the Management of Megamound Investment Limited and Crown Exquisite Homes and Property Limited for their professionalism and dedication. Both projects meet the high standards and expectations of the State Government and residents.”