Sanwo-Olu reaffirms commitment to housing finance
The Governor of Lagos State, Mr Babajide Sanwo-Olu, has reaffirmed his commitment to expanding access to affordable housing finance, describing housing as a critical economic driver for the state’s growth
The Governor of Lagos State, Mr Babajide Sanwo-Olu, has reaffirmed his commitment to expanding access to affordable housing finance, describing housing as a critical economic driver for the state’s growth and stability.
The governor made the statement during the 21st Annual General Meeting (AGM) of the Lagos Building Investment Company (LBIC) Plc.
Represented by Commissioner for Housing Moruf Akinderu-Fatai, Sanwo-Olu lauded the LBIC board, management, and shareholders for their stewardship and continued dedication to the institution's founding purpose.
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According to him, despite a challenging economic climate marked by shifting market realities, LBIC has shown resilience in its role in fostering an inclusive and irrepressible Lagos through mortgage financing.
He emphasised that housing is not just a social need; it is an economic driver that creates jobs and supports small businesses across the value chain.
He explained that the government cannot tackle the housing challenge alone and called for continued partnerships with credible institutions to deepen access to sustainable housing finance.
The governor expressed confidence that the resolutions from the AGM would further position LBIC for greater impact and continued success in the years ahead.
