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Home News

Lagos govt. seeks World Bank’s support for affordable, technology-driven mass housing

by NatureNews
October 10, 2022
in News
Reading Time: 2 mins read
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Lagos government says it has sought collaboration with World Bank for rapid delivery of technology-driven and affordable mass housing schemes in the state.

This is contained in a statement issued by Spokesperson of the state Ministry of Housing, Mrs Adeola Salako, on Sunday in Lagos.

Salako quoted the Commissioner for Housing, Mr Moruf Akinderu-Fatai, as seeking the support during the visit of a team, led by Dr Fuad Malkawi, Senior Urban Development Specialist and Spatial Planning Community of Practice Leader of World Bank.

Akinderu-Fatai called for partnership with the bank to ensure that the vision of housing for all in Lagos Mega City was attained.

“Uninhibited migration to Lagos from other states of the federation as well as some nations in the West Coast has made the issue of housing provision very critical.

“Given the littoral nature of the state, enormous support is required in the area of housing development,” he said.

The commissioner said that the state needed to build thousands of houses to absorb the influx of people, hence the need for help in the area of innovative technology that could make housing development faster and safer.

“The required intervention in housing development now is new technology that can make for speedy delivery without any compromise on quality and safety,” he said.

He added that vertical development of homes to capture peculiarities of the state with scarce land could be optimised in order to adequately bridge the housing gap.

Akinderu-Fatai noted that collaborative efforts could address the challenges posed by climate change, using technology to reduce the likely impact of the factors on designing homes for the future.

He also called for the bank’s support in sourcing cheap funds that could help increase the number of homes, with convenient mortgage for end-users, particularly low income earners.

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