Home News Lagos Battling 2.3m Housing Deficit – Commissioner

Lagos Battling 2.3m Housing Deficit – Commissioner


According to Lagos State’s Commissioner for Housing, Moruf Akinderu-Fatai, there is a 2.3 million housing shortage in the state at the moment.

Akinderu-Fatai made this statement at the Stanbic IBTC Home Ownership Summit, which had as its theme”Building Wealth through Home Ownership,” on behalf of the ministry’s permanent secretary, engineer Abdulhafiz Toriola.
“With the 2.3 million housing shortfall, which demands strategic attention from governments across the board and stakeholders across the value chain, the necessity of facilitating home ownership cannot be overemphasised in Lagos, where the need for housing is ever-increasing,” the commissioner stated.

He stated that although the government has built over 10,000 homes throughout the 39 state-owned estates, there is still a growing need for housing.

The commissioner said, “In bridging this gap, the state government, via direct intervention, has delivered 39 estates across the state, amounting to 10,060 flats, with ongoing projects adding approximately 1,938 more flats.”

In his remarks, the chief executive officer of Stanbic IBTC Bank, Wole Adeniyi, said, “As access to affordable housing remains a pressing issue, our home loan solution offers hope.”


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