492 Families Benefit From Sanwo-Olu’s Maiden Housing Scheme - THE ENCOUNTER NEWS


Saturday, February 1, 2020

492 Families Benefit From Sanwo-Olu’s Maiden Housing Scheme

Governor Sanwo-Olu

IKEJA - Lagos State Governor, Mr. Babajide Sanwo-Olu, on Friday at the Banquet Hall of the State House in Alausa, Ikeja presented keys to beneficiaries of his administration’s maiden Rent-to-Own Housing Scheme, amid outpouring of emotions and joy from the beneficiaries.
This was as Governor Sanwo-Olu allotted all the apartments of the Lateef Kayode Jakande Housing Estate in Igando to 492 families certified by the State’s Mortgage Board to benefit from the scheme.
The exercise came four months after the housing estate was completed by the Sanwo-Olu administration.
Mrs. Fatimat Kosoko, a 56-year-old widow and mother of four, betrayed emotion as her name was being announced to benefit in the scheme.
The beneficiary, who is a staff of the Ministry of Education, said the scheme had brought a “huge relief” to her family, eight years after she had been struggling to provide decent accommodation for her children, following the death of her husband.
She got a 40 percent rebate on the monthly payment to service the mortgage.
Speaking, Sanwo-Olu described the development as “a promise kept ahead of time,” noting that his administration’s modified rent-to-own housing scheme took off earlier than expected.
The governor, who reiterated that provision of decent homes for a large number of residents across the state remained a key thrust of his administration’s social intervention scheme, stressed that his government had introduced a simple mortgage model to expand the opportunity to low-income families.
“We cannot overemphasise how critical housing is to all residents. We made a promise that we will deliver decent homes to our people. For us to start fulfilling this promise earlier than we predicted, it shows the credibility and our readiness to stand with our pledges to Lagosians. It’s a promise kept ahead of time.
“Therefore, it is with great pleasure to hand over keys to apartments of Lateef Kayode Jakande Gardens to all beneficiaries selected by the Mortgage Board. Shelter, as we all know, is critical to fulfilling all other activities of life. Homeownership is a mark of great accomplishment, especially in a city like Lagos. My joy knows no bound as ordinary people now boast of owning decent homes under my administration,” the governor said.


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