Governor Sanwo-Olu’s Housing Agenda firms up as LBIC keys into T.H.E.M.E.S

&NewLine;<p class&equals;"wp-block-paragraph">Governor Sanwo-Olu Babajide’s housing goals seem consolidated as  Lagos Building Investment Company&comma; LBIC keys into  <a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">T&period;H&period;E&period;M&period;E&period;S&period;<&sol;a> developmental agenda of Lagos&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">LBIC has expressed its readiness to work with Governor Babajide Sanwo-Olu&&num;8217&semi;s administration in the area of affordable housing for Lagosians&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Speaking &nbsp&semi;on Tuesday&comma; Chairman&comma; Board of Directors of LBIC&comma; Mr&period; Hakeem Ogunniran&comma; said the Lagos State-owned company would build a framework&period; The framework&comma; he stated&comma; will support the State Government in delivering its promises to the citizens&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">He said&colon; &&num;8220&semi;We are on a courtesy call on <strong>Mr&period; Governor<&sol;strong>&period; First&comma; to appreciate him for giving us the opportunity to serve&period; Second is to share our programmes in keying into the developmental agenda of Lagos State&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&&num;8220&semi;As LBIC&comma; we understand that <a href&equals;"http&colon;&sol;&sol;www&period;thenationonlineng&period;net">housing<&sol;a> is at the root of all the programmes of Lagos State&period; We also have a programme in place&period; First is to focus on our core business&comma; which is mortgage banking&period; Recently&comma; Lagos State returned to National Housing Fund&comma; NHF&period; We are grateful that the state government has appointed our bank &&num;8211&semi; LBIC &&num;8211&semi; as the sole mortgage provider&period; So we are the default mortgage provider for all civil servants in Lagos State&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&&num;8220&semi;Therefore&comma; we are creating the framework to implement that&period; We already have funding from the<a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;"> Federal Mortgage Bank of N1billion<&sol;a>&period; We need to begin to see how civil servants in Lagos State will be able to access that funding and own their homes&period;&&num;8221&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class&equals;"wp-block-heading"><strong>340&comma;000 HOUSING UNITS<&sol;strong><&sol;h2>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">He also disclosed that LBIC has an ongoing 340&comma;000 housing units project in Surulere&period; It will add to the stock of housing in Lagos &nbsp&semi;and further reduce the housing deficit in the State&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">He said&colon; &&num;8220&semi;We have started a PPP programme&period; The other programme element is to unlock value in our assets&comma; either as our direct asset or Lagos &nbsp&semi;asset&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Already&comma; we have ongoing<strong> 340&comma;000<&sol;strong> housing units now in Surulere&period; The housing units will reduce Lagos State housing deficits&period; &&num;8220&semi;So as a board&comma; we understand that significant role&period; Our plan is to build a support framework for Lagos State Government to deliver on its promise to citizens&period;&&num;8221&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Also speaking&comma; the <a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">Chief Executive Officer of LBIC<&sol;a>&comma; Tobi Lawal&comma; said the company would provide mortgage for housing in Lagos&period; The mortgage&comma; he stated&comma; would particularly be  for civil servants and citizens of Lagos State&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">He said&colon; &&num;8220&semi;For us&comma; there is a revolving fund which Governor Sanwo-Olu just mentioned&period; This fund is going to be created in such a way that civil servants will have access to buy houses of their choice&period; The proceed of that sale will be invested in building another housing for other people&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&&num;8220&semi;So for us as a primary mortgage bank&comma; we are ready to perform our role in this regard&period; We can assure of the money and speed&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Besides&comma; payments for the houses citizens need have been paid&period; Therefore&comma; we urge citizens who want a house of their own to come to LBIC for the needed mortgage facility&period;&&num;8221&semi;<&sol;p>&NewLine;