Home Housing Housing Deficit: Sanwo-Olu opens a mini-housing scheme

Housing Deficit: Sanwo-Olu opens a mini-housing scheme


To reduce the housing deficit in the country and Lagos State in particular, Governor Babajide Sanwo-Olu, recently opened a mini-housing scheme in a residential suburb of Victoria Island.

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

The recent housing scheme 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 completed and commissioned in the last three years by the Sanwo-Olu administration.

Sanwo-Olu said the new milestone showed the result of collaboration between government and the private sector, noting that his administration’s drive to provide affordable and decent housing for the residents through public-private collaboration has yielded positive outcome.

“I congratulate LSDPC and Asset Brooks and Resources Limited on the successful completion of this edifice. Progress is indeed achievable when the public and private sector enterprise come together, bringing their core strengths to the table for the good of the society. 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,” the governor said.


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