Governor Babajide Sanwo-Olu has officially opened two new housing projects aimed at providing affordable and sustainable living options in Lagos State.
The newly launched estates include Olaleye New Town Estate located in Iponri and Megamound Greater Lagos Apartments in Obele-Oniwala, Surulere.
During Monday’s inauguration, Sanwo-Olu emphasized that these developments reflect the state’s commitment to building a greater Lagos based on inclusiveness, modern facilities, and strong community ties.
He noted the deep satisfaction and peace that come with owning a home, describing it as an invaluable achievement for residents.
viding decent housing is a top priority for this administration.
”It is about ensuring dignity, security and a brighter future for every Lagosian,” he said.
The governor said that the Megamound Greater Lagos Apartments, spanned 3.7 hectares and comprised 21 blocks of one-bedroom, two-bedroom and three-bedroom apartments, offering a total of 378 units.
” The estate, developed under the Lagos Building Investment Company (LBIC), aligns with the state’s 2020 mission to deliver modern and affordable housing solutions to its growing population,” he said
Report shows that the Olaleye New Town Estate at Iponri was built through a partnership between LBIC and Exquisite Homes Ltd.
According to Sanwo-Olu, the estate sits on over 7,000 square metres and offers 64 four-bedroom maisonettes, with each unit equipped with modern amenities and designed to blend luxury with comfort and security.
Sanwo-Olu said that beyond providing shelter, the projects had created jobs, supported local businesses and boosted economic activity in the surrounding areas.
“These projects have done more than just providing homes; they have empowered local communities and contributed to our vibrant economy.
“We have also ensured the integration of green spaces and sustainable practices to make them future-ready,” he said.
The governor thanked architects, engineers, construction workers, and the residents for their contributions and support during the execution of the projects.
He reaffirmed his administration’s dedication to its THEMES Plus Agenda, which prioritised housing, urban renewal and inclusive growth.
He called on prospective homeowners to nurture the spirit of community.
“Let us join forces to take care of these estates and set a positive example for others. Together, we can continue to create not just houses, but homes where every Lagosian can thrive.
“The inauguration of both estates stands as a testament to the state’s drive to build resilient, inclusive and future-ready communities in pursuit of a greater Lagos,” the governor said.
