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Lagos rent-to-own scheme for artisans, others starts soon

…Urges prompt payment of Land Use Charge

By Ebun Sessou

Lagos—In an effort to cushion the effects of economic recession in the country, the Lagos State Government yesterday said it has concluded plans to start allocation of houses using the newly-introduced rent-to-own policy.

The State’s Commissioner for Housing, Prince Gbolahan Lawal, who disclosed this at a press conference ahead of the launch of the scheme, said the Rent-To-Own and Rental Housing Policies of Governor Akinwunmi Ambode’s administration is aimed at making housing more readily affordable and accessible to Lagosians.

Lagos State Governor, Mr. Akinwunmi Ambode, addressing the Lagos House of Assembly; members of the State Executive Council; Party Chieftains and other dignitaries during the presentation of the Y2017 Budget Estimates to the House, at the Assembly Complex, Alausa, Ikeja, on Tuesday, November 29, 2016.

According to him, the schemes listed for the programme include Sir Michael Otedola Estate, Odoragunshin-Epe; CHOIS City, Agbowa; Alhaji Adetoun Mustapha Estate, Ojokoro and Oba Adeboruwa Estate, Igbogbo-Ikorodu, adding that they will be launched simultaneously on Thursday, December 8, 2016.

Lawal said accessing housing units in the state has been largely on cash and carry basis which ends up excluding majority of the citizenry until when recently the Mortgage Scheme was introduced.

Meantime, the state government has urged property owners in the state to ensure prompt payment of their Land Use Charge in order to benefit from the 15% discount available for early payers and to avoid possible sealing of their properties.

The Commissioner for Information and Strategy, Mr. Steve Ayorinde, said payment of the Land Use Charge is part of civic responsibilities of the citizens and a requirement of Law and Property Tax, which is chargeable on all landed properties in the state, such as Ground Rent, Neighborhood Improvement Charge and Tenement Rate.

 

 

 

 

 

 

The post Lagos rent-to-own scheme for artisans, others starts soon appeared first on Vanguard News.

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