The Lagos State Governor, Mr Babajide Sanwo-Olu, has said the goal of his administration is to provide affordable housing for residents of the state.
Sanwo-Olu said this on Tuesday during a conference and exhibition themed, ‘Lagos: 21st century real estate investment hub,’ organised by the Lagos State Real Estate Regulation Authority on Victoria Island.
He said, “For Lagos State to maintain its reputation of ‘real estate investment hub of Nigeria,’ this sector needs to regain and sustain investors.
“We will achieve this objective by strengthening the capacity of LASRERA to enforce existing regulations and respond swiftly and decisively to reported cases and incidences of fraudulent practices by illegal practitioners in the property market in the state.
“The ultimate goal of my administration is to make the real estate sector attractive to investors and provide decent and affordable shelter on a sustainable basis for all Lagosians.
“The reason for this annual conference and exhibition is to facilitate the process of attaining this objective by identifying and removing all the obstacles through pragmatic actions and innovative ideas.”
The Special Adviser to the Governor on Housing, Mrs Toke Benson-Awoyinka, said owning a home is a fundamental right and will help in nation-building.
“As we will continue to create enabling environments for the sector to thrive while also expanding other initiatives aimed at ensuring that new homes are built or constructed, delivered and people have quality, sustainable places to live,” she said.