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Ikoyi building: Sanwo-Olu vows to deal with saboteurs in govt, awaits panel report



The Lagos State Government says there is a need to domesticate a model for financing mortgage, while stating that it has handed over 14 housing estates to individuals with a promise to deliver additional two estates.

The state government said there was a need for collaborations to resolve some of the issues affecting the built sector in the country.

The governor, Babajide Sanwo-Olu, stated this at the second Real Estate Market Place Conference  and Exhibitions held in Lagos.

“The lessons of the very unfortunate incident on Gerald Road are not lost. This has been a difficult time. While we are waiting on the report from the panel of enquiry set up, I dare to say that a month before the incident, we had awarded certificates of fit for habitation and a certificate of completion with LASBCA; meaning that anybody that has property development of a certain number, needs to get a certificate of completion and certificate of fit for habitation. From a regulatory point of view, we had checked all of our boxes. We know that there may be people that want to cut corners, we know that for this size of this city, there might be officers that have taken actions that have reduced our names, we know.  We are not saying that the government is perfect, but we are dealing with them.

He added, “Somebody also talked about 1:3:1, start one per cent, complete the transaction in three days, and  have a one-stop shop. It is something we have thought about over 10 years ago. We need to have our full eGIS system up and running. It would help with land administration, survey and the people involved. I am using this opportunity to express my disappointment to government officials that want to sabotage the effort, I would not only be ruthless but I would look for you because this is an agency that must work.

“The potential of the market is just starting and it is only through sincerity and integrity that it will grow. We have put in place the monthly tenancy concept. It is not planned to disenfranchise the landlords, it is for their good and the tenants that we are putting in place financiers to ensure that the landlord is assured of his revenue and the tenants is assured that part of his salary is removed monthly for him to pay rent. This way, he does not panic when his rent is due.

The Special Adviser on Housing, Mrs Toke Benson-Awoyinka said, outlined steps the government has taken to sanitise the housing sector in the state.

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