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Echostone Nigeria to bridge housing deficit with 20,000 homes in one year

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Targets 100,000 affordable homes in five years As part of efforts in bridging housing deficit in the country, Echostone Nigeria Limited has partnered with the Lagos State Ministry of Housing to construct 20,000 affordable homes in one year. The public-private partnership with Lagos state aimed to provide 100,000 affordable homes in five years with modern day technology.

Speaking with journalists during a site inspection by the Nigerian Institution of Estate Surveyors and Valuers (NIESV) Lagos State Branch, at Idale, Badagry startup phase of the projects, the Chief Executive Officer, Echostone Nigeria Limited, Mr. Sammy Adigun, said the company aimed at delivering affordable homes to low income earners with full infrastructure.

According to him, “our home will start at N3 million for the studio homes, and we have three to 13 million and will not sell any home higher than N13 million in Lagos, and they will be a high-quality home with full infrastructure. Speaking on what the home provider bringing differently into the housing industry, he said: “We are bringing affordability, we are bringing funding, and we are going to rent to own our home, with as little as N30,000 a month.”

The Echostone Nigeria boss pointed out that with the partnership of the Lagos State Ministry of Housing, that the firm in 2019 alone targets 20,000 homes, which has never happened before, this going to be the first time. Mr. Adigun added that all the housing projects that have been done in Lagos by the government is just like 20,000 and that is what we are going to be delivering every year going forward.

Her, however, assured that his firm would meet the housing needs of Lagos residents, with the support of all the relevant stakeholders, without compromising quality. Inspecting the project, the Chairman, Lagos State Branch, Nigerian Institution of Estate Surveyors and Valuers – Esv. Olurogba Orimolade lauded the company’s partnership with Lagos State on it moves to tackle the housing deficit in the country.

According to him, the use of technology in house, construction has fastened the pace and enhanced concrete quality. In his words, “we are thrilled and fascinated by what we are seeing, on how you can use technology to able to roll out homes at a quick rate.

And it is something that gladdens our hearts as professionals in the industry. I think it is something a lot of states and partners should be able to look at and emulate. “Using technology process are simple. There is no major difference between the manual home construction and technology.

“The cement used and other ingredients of the building are the same but the key thing that comes with the technology used is the quick pace of house delivery and solidity of the concrete itself”, he explained. Motolani Oseni . Daily Times

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