Sanwo-Olu expands Lagos Housing Stock with 233-Unit Ajah Scheme

Lagos State Governor, Babajide Sanwo-Olu, on Friday inaugurated a newly completed 233-unit modern housing scheme in the Abraham Adesanya area of Eti-Osa, reaffirming his administration’s commitment to expanding access to quality and affordable homes across the State.

The project, delivered through a Public–Private Partnership (PPP) with Urban Shelter Limited, comprises tastefully finished blocks of flats and terraces designed to meet the needs of low- and middle-income families.

Sanwo-Olu said the development aligns with the State’s broader strategy of leveraging private capital and expertise to close Lagos’ housing gap.

Speaking at the inauguration, the Governor said Lagos’ rising population and rapid urbanisation continue to exert pressure on housing demand, underscoring the need for more innovative, private-sector-driven solutions.

“Lagos, as the epicentre of Nigeria’s urbanisation, needs more private sector-led responses in housing development. The demand grows faster than the supply, affecting every social class,” he said.

“Our focus on increasing the stock of modern homes continues to rise. Only last month, we delivered 420 apartments in Ajara, Badagry. In the last six years, we have produced about 11,000 home units for low-, medium- and high-income earners.”

Sanwo-Olu explained that the State’s PPP model works by providing land as equity while private partners mobilise financing and technical expertise.

To reinforce investor confidence, he said his administration has introduced a flexible approval process and granted a 40 per cent rebate on all permits to keep prices affordable.

He added that the Government continues to extend tax incentives and other regulatory support to attract more investment into low- and middle-income housing estates.

However, the Governor expressed concern over private partners who have failed to meet agreed delivery timelines.

“We are concerned about Joint Venture partners who have not met their targets. Their delays leave the State with uncompleted housing schemes and slow our mandate,” he cautioned.

“Projects not completed within the agreed timeframe or not compliant with required standards are currently under review for possible revocation.”

Sanwo-Olu urged new homeowners to take ownership of the estate, protect communal infrastructure, and sustain the environment for long-term value.

Commissioner for Housing, Moruf Akinderu-Fatai, noted that the partnership with Urban Shelter began in 2019, with the objective of optimising land use and expanding the housing stock within the Abraham Adesanya corridor.

He commended the developer for maintaining quality and professionalism throughout the project.

“This administration remains committed to expanding access to decent housing across all income levels,” he said.

“Through ongoing developments, reforms and strategic partnerships, we will continue to promote home ownership and deliver safe, inclusive and future-ready communities.”

The inauguration of the 233-unit Ajah scheme marks yet another milestone in the State’s drive to address the housing deficit through collaborative, sustainable and investment-friendly models.