The Lagos State Government has signed a Memorandum of Understanding with a developer for the redevelopment of the Ikota Housing Estate.
According to the Commissioner for Housing, Gbolahan Lawal, who signed the MoU on behalf of the state government in Alausa, Ikeja, on Friday, the deal will lead to the construction of 500 houses, comprising 200 units of two-bedroomed flats, 200 units of three-bedroomed maisonette flats and 100 units of four-bedroomed semi-detached units by Ativa Riley Investment Limited, a subsidiary of Multipurpose Infrastructural Development Company Limited.
Lawal said the move was part of plans by the Governor Akinwunmi Ambode-led administration to bridge the three million housing deficit in the state, adding that the government had a plan to construct 20,000 housing units over the next four years.
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