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Suggestions from major electricity distribution companies have asserted that the former Lagos state governor should focus his efforts on privatising the Transmission Company of Nigeria (TCN), while blaming the existing power grid for being weak. Internal scuffles within TCN have also been a major source for the stagnation in the development of the country’s power sector.

The President’s attention has also been called to decentralise the three ministries Fashola has been appointed to. Centre for Social Justice (CSJ) propose that appointing added ministers for each sector will serve the country better.

On the housing sector, a 2015 report by leading real estate portal, Lamudi Nigeria, stated that demand for housing in Lagos state far exceeds that of supply. The report, based on data of supply and demand was gathered from almost every neighbourhood in the state in the first quarter of 2015. The report highlights the looming shortage of affordable housing in the state. For example, Lagos Mainland recorded the highest market pressure for housing with demand outstripping supply by 18 times, followed by Surulere (10 times). Further revelations from the report shed light on the crisis of exorbitant housing prices across the state. The average sale price for available property in Lagos Island was N46m per bedroom, more than three times the Lagos median sales price.

Experts on the matter have called for Nigerian mortgage lenders to do more in educating consumers on the available funding options for intending home buyers.  Existing programs such as the Nigerian Mortgage Refinance Corporation (NMRC), act as solutions for the government to curb this problem by offering affordable mortgages to all Nigerians.

In addition, appeals to the newly appointed minister to solve the land grabbers and the infamous omo oni le’s  are a hot topic of discussion for the newly appointed minister. An unpleasant reality to buying land in Nigeria, many Nigerians will be curious to see this issue finally come to an end.

Ogo Onichabor

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The Managing Director, Forthright Properties, Mr. Isaac Akintoye, stated this at the inauguration of the sale of Forthright Gardens Annex, a serviced estate in Arepo, Ogun State along the Lagos-Ibadan Expressway.

“We intend to reduce Nigeria’s housing deficit by supporting the government in its effort to provide standard and pocket-friendly housing to Nigerians,” he said.

Akintoye said prospective buyers and investors would be given value for their money with services and facility, including global Certificate of Occupancy, purchase receipt, Deed of Assignment and survey plan as well as security.

According to him, Forthright Gardens Annex is the second phase of the Forthright Gardens project, which recorded a huge success and patronage.

“Forthright Properties Limited has a growing capacity to contribute its quota to meet the housing needs of Nigerians as it is evidently clear that the government alone cannot meet this. To this end, we are promoting construction of more housing units for Nigerians,” he said.

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To this end, the state Ministry of Housing has proposed a N5.3bn expenditure for the 2015 fiscal year.

The Commissioner for Housing, Mr. Daniel Adejobi, stated this during the budget defence before the state House of Assembly

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