● Sanwo-Olu commissions eco-friendly housing units in Badagry

● Sanwo-Olu commissions eco-friendly housing units in Badagry

Babajide Sanwo-Olu, the Lagos state governor, has unveiled a public housing scheme in Idale, Badagry.

The undertaking, which consists of 252 units of two-bedroom eco-friendly houses, was executed in partnership with Echostone Development Nigeria.

The state authorities stated it has partnered with Echostone in a public-private partnership to ship 100,000 inexpensive houses in 10 years as half of efforts to bridge the present three million housing deficit.

Speaking at the commissioning of the residence units, Moruf Akinderu-Fatai, the Lagos state commissioner for housing, stated the partnership has leveraged know-how to offer inexpensive housing for low-income earners.

“We are leveraging on this technology, and we want to take this technology to the next level. For instance, the entire estate was constructed within one year. So, if we leverage on that, we would be able to provide more affordable housing units for Lagosians as fast as possible”, he stated.

Akinderu-Fatai described the inauguration of the Idale Estate as historic being the first inexperienced and eco-friendly property constructed by Echostone Nigeria in Lagos state.

In his remarks, Sammy Adigun, managing director of Echostone Development, stated the housing scheme named, ‘Peridot Parkland Estate’, is the first-ever green-certified inexpensive housing group in Nigeria, and the first to be licensed by the International Finance Corporation (WorldBank) EDGE.

According to him, the undertaking is not solely the first-ever in Nigeria to be World Bank EDGE licensed, however it is one of solely three in all of Africa to satisfy the superior certification degree for its important carbon, vitality and water financial savings.

He identified that the property is confirmed to a 53 p.c vitality financial savings residence, 42 p.c water financial savings and 35 p.c carbon financial savings.

“The EDGE recognition puts Nigeria among leading nations in the world committed to meeting the highest standards of sustainability that supports the United Nations Sustainable Development Goals, particularly SDG11, Sustainable Cities,” he defined.

“Not solely is the surroundings thought of, however extra importantly, the individuals who dwell right here will profit drastically from the next high quality residing normal for his or her households whereas having the alternatives of lowered utility prices.

“As we all know, housing is at the heart of communities and EchoStone and the state of Lagos can be proud to deliver a community that is not just affordable, but healthy and resilient and is the foundation for education, health and more.”

Other housing units will be constructed in Ayobo, Alimosho native authorities space and Imota in Ikorodu native authorities space.

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