NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Lagos partners estate developer to deliver 20,000 housing units

By News Express on 14/12/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 439

 •Lagos Commissioner for Housing Gbolahan Lawal
•Lagos Commissioner for Housing Gbolahan Lawal

The Lagos State Government on Wednesday, signed a Memorandum of Understanding with a real estate developer, Echostone Limited, to build 20,000 housing units in the state within four years.

Speaking while signing the partnership agreement, Mr Gbolahan Lawal, the state Commissioner for Housing, said Lagos State would provide the land as its equity contribution, while Echostone would finance the project.

“This partnership is in line with the state governments Lagos Affordable Public Housing (LAPH) initiative, and it is aimed at constructing 20,000 housing units over a period of four years, towards reducing the housing deficit.

“To this end, the state has identified land in various locations across the state; the land is the state government’s equity while the private investor will contribute funding and technical expertise,” he said.

He said that Echostone will commence with the provision of 2,000 housing units in three locations.

“The company is expected to start with 2,000 housing units in three locations within the state, namely, Idale in Badagry, Ayobo in Alimosho and Imota in Ikorodu.

“An initial total of 2,000 housing units are expected to be delivered in these three locations,” he said.

Mr Anthony Rachia, representing Echostone, said that the objective of the company was to construct houses on a large scale, and to create jobs.

“Our objective is to help bridge the housing deficit in Nigeria and also help generate employment by building houses in large scale and also creating jobs.

“We have the technology to construct quality houses faster, and by the time we commence construction in February 2018, we would create 6,000 jobs,” he said.

The News Agency of Nigeria (NAN) reports that Lagos State had earlier partnered with two mortgage financing companies in its efforts to boost the housing sector in the state.

The companies are Brains and Hammers Nigeria Limited and Multipurpose Infrastructure Development Company Limited. (NAN)

Source News Express

Posted 14/12/2017 11:08:38 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Expect dust haze, cloudy weather today — NiMet...

lllegal BDCs responsible for naira's woes in the...

Mass arrest of kidnappers, armed robbers and rapists...

Ebonyi bans herdsmen from entering Ivo after machete...

You must work for your pay, Kogi tells...

IPMAN chairman laments activities of pipeline vandals

Clear your drains to prevent flooding, NESREA tells...

Justify your appointment, APC tells Defence, Service Chiefs;...

Workers decry job insecurity in oil and gas...

Evil teenager clubs octogenarian to death

Owerri residents accuse government of plot to grab...

Ekwueme to be to flown abroad for treatment:...

 

Latest News UPDATE: Dino Melaye injured in escape bid, rushed to hospital 2 Catholic priests, 14 other worshipers dead as herdsmen unleash fresh mayhem in Benue •How it happened — Police Breaking News: Pandemonium as thugs shock police, whisk away Senator Dino Melaye Intrigues as APC picks Abuja for convention •Oyegun, Oshiomhole divide South South APC No restructuring, no 2019 election, Ijaw youths warn •Vow to stop oil flow in the region Imo APC group issues ultimatum to Okorocha El-Rufai charges incarcerated Sheikh Zakzaky and wife to court APC National Chairmanship Battle: South South Chairmen reject Oshiomhole, insist on Odigie-Oyegun Army kills armed robbers in Ibadan Falana calls for Buhai’s probe over $469m ECA scandal Switzerland returned $322.5m Abacha loot with interest — Envoy Troops waste 6 bandits terrorising Kogi

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,789 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (334,791 views) Shameless Genevieve Nnaji exposes breasts in public (267,902 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,297 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (202,160 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (198,224 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,933 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,279 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,175 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (139,109 views) Lagos plane crash: Journalist releases victims’ names (136,955 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,639 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,069) Business Verdict (40) Columnists (836) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (483) Features (569) Global Business Monitor (264) International (1,926) Interview (149) Live Commentary (28) Love Matters (116) News (34,717) Opinion (916) Pidgin (10) Politics (4,810) Religion (724) Sports (1,485) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

NLNG Science and Literature Prize Awards

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement