The Lagos State Government says it has delivered 10,623 housing units in the last seven years and is intensifying efforts to reduce the state’s housing deficit through affordable housing projects, public-private partnerships and new tenancy reforms aimed at protecting residents from exploitation.
Commissioner for Housing, Hon. Moruf Akinderu-Fatai, disclosed this on Tuesday during the 2026 Ministerial Press Briefing marking the third year of Governor Babajide Sanwo-Olu’s second term at the Bagauda Kaltho Press Centre, Alausa, Ikeja.
Akinderu-Fatai said the global housing crisis had placed enormous pressure on cities like Lagos, noting that the state remained the epicentre of housing demand in Nigeria due to rapid urbanisation and population growth.
“Lagos, with a metro population of over 17.8 million people growing at nearly 3.8 per cent annually, remains the epicentre of Nigeria’s housing demand,” he said.
He noted that the housing deficit in Lagos is estimated at over 3.3 million units, especially within the low and middle-income categories.
According to the commissioner, the Sanwo-Olu administration has continued to pursue a multi-pronged housing strategy involving direct government intervention and collaboration with private developers.
“Our approach operates on multiple fronts: direct budgetary allocations for constructing housing units targeted at low-income groups and fostering a business-friendly environment for private developers through Public Private Partnerships,” he stated.
Akinderu-Fatai disclosed that the administration delivered 4,414 housing units through direct budgetary allocations and another 6,209 units through public-private partnership arrangements.
He added that the government commissioned 420 housing units at the Akinsanya Sunny Ajose Estate in October 2025 and another 233 units at the Abraham Adesanya Housing Estate in November 2025.
“These two developments bring the total number of housing estates completed under the Sanwo-Olu administration across Lagos’ five divisions to 23 since 2019,” he said.
The commissioner further revealed that five major housing schemes currently under construction in Sangotedo, Egan-Igando, Ibeshe, Epe and Ipaja are expected to deliver 1,584 additional housing units before the end of 2026.
He said the government was also implementing several joint venture projects expected to add another 3,791 housing units to the state’s housing stock.
“At completion, the administration of Mr Babajide Sanwo-Olu would have delivered a total of 14,022 home units to Lagosians,” he stated.
Akinderu-Fatai explained that the Lagos State Development and Property Corporation (LSDPC) completed 12 housing projects and delivered 1,190 housing units in the last seven years, while 29 ongoing projects would produce another 3,149 units.
On housing affordability, the commissioner disclosed that the Lagos State Mortgage Board had supported more than 20,000 residents through mortgage and rent-to-own schemes over the last 12 years.
He said 100 beneficiaries under the Rent-To-Own policy successfully completed their mortgage repayment in 2024 and became full homeowners, while another 110 beneficiaries exited the scheme in 2025.
“The Lagos State Mortgage Board presently has 2,207 pending applications for home unit allocation within various schemes,” he added.
Akinderu-Fatai also announced plans by the state government to introduce a monthly and quarterly rent payment policy to reduce the financial burden of yearly rent payment on residents.
“The success of the rent-to-own initiative encouraged the need to promote monthly and quarterly rent to provide succour to rent seekers. This will replace the burden of yearly rent payment especially for low-income earners,” he said.
On real estate regulation, the commissioner said the Lagos State Real Estate Regulatory Authority (LASRERA) intensified enforcement against fraudulent operators across the state.
He disclosed that LASRERA received 505 petitions from residents over real estate transactions, resolved 39 cases, recovered three properties and recovered over N270 million from fraudulent estate agents.
According to him, the agency also sealed the office of an unregistered real estate operator in Ikorodu during a joint operation with the Lagos State Task Force.
Akinderu-Fatai said the state government was working with the Lagos State House of Assembly on a new tenancy bill to address excessive rent increases, arbitrary charges and fraudulent practices in the sector.
“The new tenancy bill will address abnormal rental increment, illegal charges and dues. Registration of all agents in Lagos State by LASRERA will also become mandatory,” he said.
The commissioner further disclosed that 944 civil servants benefited from a 40 per cent housing rebate approved by Governor Sanwo-Olu to improve access to home ownership.
He added that the housing sector generated 4,793 direct and indirect jobs in the last one year across skilled, semi-skilled and unskilled labour categories.
Akinderu-Fatai reaffirmed the state government’s commitment to reducing housing deficits and strengthening regulation in the real estate sector.
“We will continue to explore partnerships with financing organisations keen on providing mass housing and innovative ideas that promote accessibility,” he said.