The Lagos State Government has initiated an extensive urban renewal phase by commissioning certified development experts to review, update, and manage its primary territorial layouts across the metropolis. Spearheaded by the New Towns Development Authority, the ongoing spatial interventions aim to promote organized municipal expansion, suppress unauthorized structural constructions, and secure long-term physical planning compliance. According to regulatory statements, the multi-tiered initiative will involve modifying the existing zoning blueprints for Lekki Peninsula Scheme I, executing data inventories across the Badagry developmental corridor, and drafting new master plans for emerging coastal smart towns in the Ise-Igbogun and Ode Omi axis.

Concurrently, the state administration has issued a firm directive to real estate contractors regarding construction delays on public residential assets. During a field inspection tour, the Commissioner for Housing, Moruf Akinderu-Fatai, warned that non-performing construction partners would not be permitted to compromise the state’s affordable shelter delivery timelines. The strategic site visits focused on accelerating finishing works at the 636-unit Egan-Igando Mixed Housing Scheme, the 128-unit Joint Venture residential complex in Ipaja, and the 176-apartment Lagos State Workers’ Village situated along Command Road.

To buffer the negative impacts of localized inflation and surging structural material costs, the Ministry of Housing has modified specific internal finishing components to keep the incoming housing stock financially accessible for low-income public earners. Utility engineers confirmed that major infrastructural bottlenecks at the Egan site have been successfully rectified, with centralized water treatment systems, municipal sewer infrastructure, and grid electrification connections fully optimized for deployment. The government emphasized that its housing delivery model intentionally combines direct public treasury funding with private developer joint ventures to systematically bridge the urban accommodation deficit below prevailing market pricing.

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The Lagos State Government has warned contractors handling ongoing housing projects across the state to accelerate construction or risk losing their contracts, as it intensifies efforts to deliver at least 2,000 housing units before the end of the year.

Commissioner for Housing, Moruf Akinderu-Fatai, issued the warning during an inspection tour of the Abraham Adesanya Extension Housing Scheme and the Sangotedo Housing Scheme Phase II in the Lekki corridor.

The inspection team included the Permanent Secretary of the Ministry of Housing, Hafis Toriola, alongside directors, engineers and other technical officials of the ministry.

Akinderu-Fatai expressed dissatisfaction with the pace of work at some project sites, revealing that government had identified technical issues requiring immediate attention.

“We are not happy about the scope of work here and we also noticed some technical issues that we are going to resolve with the contractors.

“If the government has given them enough money to finish up these projects and they are slow, we will quickly take them off the site,” he said.

The commissioner said the projects form part of the state government’s broader plan to expand access to affordable housing and reduce the housing deficit through strategic public-private partnerships.

According to him, the developments under construction are expected to provide about 2,000 housing units upon completion, including the 526-unit Sangotedo Housing Scheme being executed through a Public-Private Partnership (PPP) arrangement.

Akinderu-Fatai acknowledged that the projects had suffered delays due to prevailing economic challenges, noting that construction was originally expected to have been completed about two years ago.

He attributed the setback largely to rising inflation and the sharp increase in the cost of building materials, which forced developers to seek reviews of project costs and implementation timelines.

The commissioner, however, stressed that the government had addressed many of the challenges and was now focused on ensuring timely delivery.

“We have gone past that. The level we are at now is delivery,” he stated.

He disclosed that the Ministry of Housing would hold urgent meetings with contractors handling the projects to address outstanding issues and ensure strict compliance with agreed timelines.

The Lagos State Government has consistently maintained that expanding housing infrastructure remains a key component of its development agenda, with ongoing investments aimed at increasing homeownership opportunities and improving living conditions for residents.

Akinderu-Fatai reiterated that the government would not hesitate to sanction or replace non-performing contractors whose actions could jeopardise the completion of critical housing projects.

The commissioner expressed optimism that some of the housing schemes could be ready for delivery within the coming months if contractors improve their pace of work and meet project milestones.

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The Lagos State Government has reiterated its commitment to delivering more than 2,000 housing units currently under construction in Abraham Adesanya and Sangotedo, located in the Ibeju-Lekki axis, before the end of Governor Babajide Sanwo-Olu’s administration.

The Commissioner for Housing, Moruf Akinderu-Fatai, gave the assurance during an inspection tour of ongoing housing projects across the state, where he expressed satisfaction with the level of progress achieved but urged contractors to accelerate work.

Akinderu-Fatai said the government remained focused on ensuring timely completion of the projects while guaranteeing value for public funds invested in the developments.

“We are here with the Permanent Secretary, directors and members of the ministry’s technical team to inspect the projects and assess the level of work done,” he said.

According to the commissioner, the housing schemes are being executed through Public-Private Partnership arrangements designed to expand access to affordable housing for Lagos residents.

He disclosed that four major housing projects are currently ongoing across the state, with a combined capacity exceeding 2,000 housing units.

“It is the intention of this government to ensure that these projects are completed as quickly as possible before the end of this administration,” he stated.

Despite acknowledging progress on the sites, Akinderu-Fatai expressed concern over the pace of work on some projects and revealed that several technical issues requiring urgent attention had been identified.

“We are not completely satisfied with the current pace of work. We have noticed some technical issues which we will resolve with the contractors. We intend to intensify our inspections and push the contractors to meet the agreed timelines,” he said.

The commissioner noted that some of the housing schemes could be ready for delivery between October and November this year if contractors improve their performance and adhere strictly to project schedules.

He warned that the government would not hesitate to sanction or replace contractors who fail to meet expected standards and timelines.

“If the government has provided the necessary funding and a contractor is still not delivering as expected, we will take appropriate action. Contractors must cooperate with the government’s determination to complete these projects,” he added.

Akinderu-Fatai explained that inflation and the rising cost of construction materials significantly delayed the projects, leading to requests for cost reviews and extensions by contractors.

“These projects should have been completed about three years ago, but inflation and the increase in the prices of construction materials affected progress. We have addressed those challenges, and our focus now is on delivery,” he said.

He reaffirmed the commitment of the Sanwo-Olu administration to expanding housing infrastructure and ensuring that all ongoing projects are completed to improve access to decent and affordable housing for residents across Lagos State.

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The Lagos State Government has raised concerns over Nigeria’s worsening housing crisis, warning that the country’s housing deficit could climb to nearly 28 million units if current intervention efforts are not accelerated.

The Commissioner for Housing, Hon. Moruf Akinderu-Fatai, disclosed that findings by the National Housing Data Technical Committee, inaugurated by the Federal Ministry of Housing and Urban Development, placed Nigeria’s official housing deficit at 14.925 million units.

Over 15 Million Homes Classified as Substandard

According to the commissioner, the challenge extends beyond the housing shortage, as an additional 15.2 million homes across the country have been identified as structurally defective or substandard.

He explained that when the number of inadequate housing units is combined with the existing deficit, Nigeria’s effective housing gap rises to nearly 28 million units.

Akinderu-Fatai warned that the growing deficit poses significant threats to economic development, urban planning, infrastructure delivery, and social stability across the country.

Lagos Remains the Epicentre of Housing Demand

The commissioner noted that Lagos State continues to experience the highest housing demand in Nigeria due to its rapidly expanding population and economic opportunities.

With an estimated population exceeding 17.8 million residents and an annual population growth rate of approximately 3.8 per cent, Lagos remains under intense housing pressure.

He attributed the challenge to rapid urbanisation, continuous rural-to-urban migration, and limited land availability within the state.

Independent estimates place Lagos State’s housing deficit at more than 3.3 million units, with the shortage particularly pronounced among low- and middle-income earners.

Affordable Housing Remains a Major Challenge

Akinderu-Fatai stressed that affordability remains one of the biggest barriers to homeownership for many Nigerians.

He explained that demand for affordable housing continues to outpace supply, especially in urban centres where rising construction costs and land prices have pushed housing beyond the reach of many households.

Federal Government Expands Housing Finance Initiatives

The commissioner highlighted several Federal Government interventions aimed at addressing the housing crisis.

Among them is the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), which provides mortgage financing at a single-digit interest rate of 9.75 per cent and repayment tenures of up to 20 years.

According to him, such initiatives are designed to improve access to housing finance and support homeownership across different income groups.

Lagos Delivers Over 10,000 Housing Units

Akinderu-Fatai disclosed that the Lagos State Government has delivered 10,623 housing units over the past seven years through a combination of direct government investment and Public-Private Partnership (PPP) arrangements.

He added that ongoing housing projects across the state are expected to increase the number of delivered units to more than 14,000 before the end of 2026.

The commissioner reiterated the state government’s commitment to expanding affordable housing opportunities and reducing barriers to homeownership.

Housing Projects Driving Economic Growth

Beyond addressing accommodation needs, Akinderu-Fatai noted that housing developments have become a major driver of economic activity within Lagos.

He said investments in housing projects are creating employment opportunities, stimulating the construction sector, and boosting growth across the broader real estate value chain.

According to him, sustained collaboration between government and private sector stakeholders remains critical to closing the housing gap and ensuring access to decent, affordable housing for Nigerians.

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The Lagos State Government says it has provided housing comfort to over 20,000 residents in the state through its Mortgage and Rent-To-Own housing policies over the past 12 years.

The Commissioner for Housing, Moruf Akinderu-Fatai, disclosed this during the Ministerial Press Briefing held in Lagos to mark the third year of Governor Babajide Sanwo-Olu’s second term in office.

He said the Rent-To-Own housing initiative has continued to support homeownership by allowing beneficiaries to gradually pay for homes while living in them, reducing the burden of outright purchase.

According to him, the first set of beneficiaries under the scheme successfully exited on August 29, 2024, after completing their payment obligations.

He added that 100 mortgagors who completed 10 years of mortgage repayments were also officially exited and confirmed as full homeowners.

Akinderu-Fatai also disclosed that a third exit ceremony was held on July 2, 2025, for 110 additional mortgagors who completed their repayment schedules.

He noted that the Lagos State Mortgage Board currently has 2,207 pending applications awaiting allocation across various housing schemes.

The commissioner said the programmes have helped reduce the housing deficit in Lagos State while expanding access to affordable housing units for residents.

He added that the Lagos State Development and Property Company (LSDPC) has completed 12 housing projects in the last seven years, delivering about 1,190 housing units, aside from other developments executed through partnerships.

He further stated that 29 housing projects are currently ongoing across the state, expected to yield about 3,149 additional housing units upon completion.

Akinderu-Fatai explained that the government has also invested in supporting infrastructure such as roads, drainage systems, water supply, electrification, sewage treatment plants, walkways and car parks across housing estates.

He said facility management has played a key role in sustaining government estates, ensuring safety, maintenance and long-term value preservation.

According to him, estate management activities have generated about 888 direct and indirect jobs for cleaners, security personnel, artisans and maintenance workers.

He added that construction activities across the housing sector created 4,793 jobs within the last year, spanning skilled, semi-skilled and unskilled labour categories.

On maintenance of existing estates, he said the government has intensified rehabilitation efforts across 52 state-owned estates.

He disclosed that 30 blocks at the Abiodun Ogunleye Housing Estate in Igbogbo, damaged by natural disaster, were fully rehabilitated.

He also noted that over N300 million was spent on the repair of an injection substation supplying power to Lateef Kayode Jakande Gardens in Igando.

Akinderu-Fatai reaffirmed the government’s commitment to reducing the housing deficit and expanding access to homeownership through sustainable policies and partnerships.

He added that ongoing construction projects across Lagos reflect the administration’s drive to improve living standards and support economic activities across the housing value chain.

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The Lagos State Ministry of Housing has urged allottees of state-owned housing estates to adhere to allocation rules and contribute to a sustainable and well-maintained living environment.

The appeal was made by Commissioner for Housing, Moruf Akinderu-Fatai, during a monthly stakeholders’ meeting with residents in the Ikorodu Division, held at Oba Adegboruwa Housing Estate, Igbogbo.

Represented by the Permanent Secretary, Abdulhafiz Toriola, the Commissioner emphasized the need for resident feedback on estate priorities and the development of solutions to enhance quality of life and infrastructure in the estates.

“There are rules and regulations everywhere. Within government estates, residents must comply with estate rules to sustain these communities,” Akinderu-Fatai stated, stressing collaborative maintenance and ownership responsibility.

The Director of the Estate Department, Mrs. Olukemi Fosudo, added that such forums foster dialogue between residents, facility managers, and government officials, promoting compliance and smooth estate management.

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Lagos State Governor Babajide Sanwo-Olu is set to inaugurate 233 new housing units at Abraham Adesanya Housing Estate, Ajah, located along the Lekki-Epe Expressway.

The inauguration, scheduled for Friday, was confirmed by Mr. Moruf Akinderu-Fatai, the state Commissioner for Housing.

The statement, signed by Mr. Ganiu Lawal, Deputy Director of Public Affairs, Lagos State Ministry of Housing, explained that the project includes 34 blocks comprising a total of 233 units, designed to meet the growing housing demand in Lagos.

Commissioner Akinderu-Fatai noted that the estate is a joint venture between Lagos State Government and Urban Shelter Ltd., a private real estate company, emphasizing the ministry’s commitment to delivering affordable, quality homes in line with Sanwo-Olu’s promise to complete all ongoing housing projects.

The Abraham Adesanya Housing Estate, inaugurated on January 15, 2001, by former Governor Bola Ahmed Tinubu, sits on 3.7 hectares of fully developed land along the Lekki–Epe Expressway.

This development follows Sanwo-Olu’s recent inauguration of 420 housing units at Akinsanya Sunny Ajose Housing Estate, Ajara, in October 2025.

The new housing units are expected to boost Lagos’ housing stock significantly, providing modern and accessible homes for residents across the state.

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Despite clear provisions in the Lagos State Tenancy Law mandating monthly and quarterly rent payments, many landlords and property agents across the state continue to demand one-year and even 18-month upfront payments from tenants, in open defiance of the law.

While the state’s policy aims to ease rent burdens and promote housing affordability, investigations reveal that both landlords and even some tenants still prefer lump-sum payments, citing stability of income, investment recovery, and convenience.

Why Monthly Rent Still Struggles to Take Hold

The monthly rent model was introduced to relieve tenants from the financial stress of bulk annual payments and to create a more inclusive and flexible rental market. However, old habits persist.

For landlords and facility managers, annual payments provide predictable cash flow and reduce exposure to payment defaults. “It’s easier to manage a property when your income is assured for a full year,” said one landlord in Yaba.

Meanwhile, some tenants say they prefer annual payments to avoid the pressure of monthly bills, particularly in a city where household expenses already stretch incomes thin.

State Government Still Pushing Policy Forward

The Commissioner for Housing, Moruf Akinderu-Fatai, insists that the policy is still on course. He stressed that monthly and quarterly options give Lagosians breathing space and reduce the difficulty of sourcing large upfront rent sums.

“We’re engaging landlords, agents, and developers to resolve enforcement bottlenecks before full rollout. This initiative is designed to protect tenants, improve affordability, and sanitize the sector,” he said.

He also reiterated that real estate agents, brokers, and developers must register with LASRERA or face legal consequences. The aim is to rid the sector of quacks and bring about transparency in real estate dealings.

Mixed Reactions from Stakeholders

The Estate Rent and Commission Agents Association of Nigeria (ERCAN) has thrown its weight behind the new rent system. Its president, Godwin Aleke, assured that members would promote monthly and quarterly rent structures and support the government’s efforts to reform the rental market.

Yet, opinions remain divided. Real estate developer Olawale Babatunde expressed concern that staggered rent payments could weaken property owners’ ability to recover investments. He warned of possible default risks and income instability for landlords.

Concerns Over Housing Supply and Investment

Gbenga Ismail, a principal partner at Ismail & Partners, said that while the policy helps tenants, it may discourage new property investments. According to him, supply shortages could worsen if property owners lose confidence in the market.

He called on the government to back the rent policy with broader reforms, including access to affordable land, cheaper building materials, and supportive infrastructure to make the housing sector more resilient.

The Law vs. Reality

Under the Advance Rent Section of the Lagos State Tenancy Law, it is illegal for a landlord or agent to demand more than three months’ rent from a sitting tenant. Offenders face fines of up to ₦100,000, three months’ imprisonment, or other legal sanctions.

However, enforcement remains weak. Without concrete action from regulatory bodies, the gap between policy and practice continues to widen.

Until the law is actively enforced and matched with strong housing support policies, monthly rent in Lagos may remain more of a theory than a reality.

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The Lagos State Government has flagged this as one of its most urgent challenges, warning that the pressure on accommodation is growing more intense by the day.

Commissioner for Housing, Moruf Akinderu-Fatai, speaking at a recent ministerial briefing, traced the issue to global patterns. He cited a United Nations forecast that predicts 68 percent of the world’s population will be living in urban areas by 2050. In Nigeria, and especially Lagos, that future is already here. The city’s population has exploded to over 23 million, making it one of the largest and fastest-growing urban centres in the world.

This surge has left the real estate sector struggling to keep up. Nigeria’s housing deficit now stands at over 22 million units, worsened by mass rural-to-urban migration and a lack of adequate infrastructure in many cities. In Lagos, the mismatch between demand and supply is particularly stark  formal housing cannot match the pace at which people are pouring in.

Luxury homes and commercial buildings are springing up, but affordable housing is lagging far behind. The commissioner pointed to soaring construction costs and sky-high mortgage rates of 20–25 percent as key barriers preventing many Nigerians from owning homes. The situation is especially grim for low-income earners, who now make up a growing share of Lagos’ population.

He noted that the city is also grappling with a limited land area of just 3,577 square kilometres, with a third of that covered by water. With an annual population growth rate of 3.34 percent, Lagos is running out of space and options.

Despite the grim outlook, the government says it is not backing down. Under Governor Babajide Sanwo-Olu’s THEMES+ policy direction, a multi-pronged strategy has been launched to tackle the problem. Initiatives include budget allocations for housing projects aimed at low-income groups and ongoing efforts to improve access to affordable housing finance.

But Akinderu-Fatai admitted that solving the crisis will take more than government efforts alone. With economic shocks pushing building costs even higher and global inflation affecting the price of materials, the need for stronger partnerships between the public and private sectors is now critical.

As Lagos continues to swell, the question remains: can the city build fast enough and affordably enough  to house its future?

The post Lagos Bursting at the Seams as Housing Demand Outpaces Supply appeared first on Housing TV Africa.

Lagos State Governor Babajide Sanwo-Olu has restated his commitment to fixing the city’s housing challenges.

Speaking at the 75th World Congress of the International Real Estate Federation (FIABCI), he highlighted new strategies aimed at making homes more available and affordable. The summit, held on Victoria Island and themed “Global Real Estate Renaissance,” attracted real estate leaders from around the world.

A Clear Plan for Affordable Housing
The governor, represented by Housing Commissioner Moruf Akinderu-Fatai, said housing is not just about shelter. It also supports jobs, income, and stable communities. He explained that his government has delivered nearly 10,000 homes in the past six years. An additional 14,000 units are planned by 2026.

Working with the Private Sector
Sanwo-Olu stressed the importance of working with private developers. His administration has created an environment that supports Public-Private Partnerships (PPPs). This approach helps speed up housing projects and makes homes more affordable, especially for low- and middle-income earners.

Lagos Looks to the Future
Lagos is also learning from global trends. The state is using modern tools and green practices in its housing plans. The goal is not just to build homes, but to build better neighborhoods. These include cleaner energy, improved building materials, and smarter planning.

Lagos Invites Global Partners
Sanwo-Olu used the summit to call for more international investment. He said Lagos is open to working with global partners who share its vision for sustainable cities. He assured guests that Lagos is committed to high standards and long-term solutions.

A Strong National Presence
The event also drew attention from Nigeria’s top leaders. President Bola Tinubu was represented by Defence Minister Mohammed Badaru. Former Vice President Professor Yemi Osinbajo gave the keynote address. Their presence showed strong national support for Lagos’s real estate efforts.

A City Ready to Lead
Sanwo-Olu’s message was clear: Lagos is taking action. With a clear plan, strong partnerships, and a focus on the future, the city is ready to lead in real estate and urban growth not just in Nigeria, but across Africa.

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