Lagos targets completion of 14,000 housing units by 2026

The Lagos state government has unveiled its plans to complete over 14,000 housing units by 2026 to tackle the state’s growing housing deficit.

Governor Babajide Sanwo-Olu, represented by the Commissioner for Housing, Moruf Akinderu-Fatai, made the announcement on Tuesday at the 75th World Congress of the International Real Estate Federation (FIABCI) in Lagos.

The event, themed “Global Real Estate Renaissance”, aims to explore innovation, sustainability, and inclusivity in the real estate sector.

According to the governor, Lagos is adopting bold and innovative strategies to address long-standing housing challenges, affordability, economic inclusion, and private sector collaboration.

Sanwo-Olu noted that nearly 10,000 housing units had been delivered in the past six years, with efforts being intensified to scale up housing development across the state.

“We have put in place a range of strategies to increase the supply of affordable housing, especially for low and middle-income residents,” Sanwo-Olu said.

“So far, these efforts have led to the delivery of nearly 10,000 housing units in the last six years, and we aim to complete over 14,000 more by 2026.”

He added that the government had made special budget allocations and created an enabling environment for investments through public-private partnerships (PPPs).