Efforts by the Lagos State government to boost housing stock with an output of 15,000 units through a Public Private Partnership (PPP) with private estate developers initiated in 2009 has achieved only 10 percent of the projected units. The partnership, which involved the developers providing the needed capital while the state government provided land at different parts of the state, was expected to act as an intervention in affordable housing provision for medium- and low-income earners in the state. Disturbed by the slow progress of the partnership and minimal result achieved, the state government says it is set to review the scheme by softening the process for developers who, the government understands, are facing tough times meeting their part of the bargain. “Evidently, our PPP scheme has not met the target we set in 2009 for some reasons, which include lack of funds for developers to deliver the housing units as our model has always been to provide the ...
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