By Ayomide Otitoju
Lagos State Governor Babajide Sanwo-Olu on Friday commissioned a new 233-unit housing development in the Abraham Adesanya area of Eti-Osa, further expanding the state’s residential stock.
The modern estate — comprising blocks of flats and terrace units — was completed under a Public–Private Partnership (PPP) between the Lagos State Government and Urban Shelter Limited.
Sanwo-Olu said the project aligns with his administration’s strategy of leveraging both public and private investment to deliver affordable housing for low-income families. He reiterated that the government remains committed to implementing practical, large-scale solutions to bridge the state’s housing deficit.
“The demand for housing in Lagos continues to grow far faster than the supply,” the Governor said. “As the epicentre of Nigeria’s urbanisation, Lagos requires more private sector–led solutions. Our focus on increasing the stock of modern homes remains strong.”
He noted that the state delivered 420 housing units in Ajara, Badagry, in October, and has produced about 11,000 homes for low-, medium-, and high-income earners over the last six years.
Sanwo-Olu highlighted the advantages of Joint Venture (JV) arrangements, explaining that the state typically provides land while private partners supply financing and technical capacity. He said all JV projects undergo strict supervision by government technical teams to ensure quality compliance.
The Governor added that reforms such as flexible approval processes and a 40 percent rebate on permits have boosted investor confidence. He also cited tax incentives and other regulatory support aimed at encouraging developers to deliver more affordable housing across low- and middle-income communities.
However, Sanwo-Olu warned that JVs failing to meet timelines or quality standards risk revocation. “Delays leave the state with uncompleted schemes. Ongoing projects that do not comply with agreed targets are currently under review,” he said.
The Governor urged new homeowners to safeguard the facilities provided within the estate.
Commissioner for Housing Moruf Akinderu-Fatai said the Urban Shelter partnership began in 2019, designed to maximise land use and create additional residential units within the Abraham Adesanya Housing Estate.
He commended the developer for maintaining high standards. “This administration remains committed to expanding access to decent housing across all income levels,” Akinderu-Fatai said. “Through ongoing projects, reforms, and partnerships, we will continue to unlock more opportunities and promote homeownership.”
