Jimi Agbaje Manifesto

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Lagos:Beyond 2015BOLD IDEASNEW OPPORTUNITIESReformsWe will:• Remove the bureaucratic and regulatory bottlenecks that affect theregistration of property title and land availability• Create a legal and regulatory framework to facilitate the establishmentof a housing market in Lagos which will:• Liberalise the process of creating charges on property in the State,• Shorten the enforcement process of mortgage and credit defaulters,• Ease the process of obtaining ‘consent’ for land transactions,• Create sectional interest in real estate by providing site and servicesfor developers and individualsIncrease supplyWe will:• Partner with the Nigerian Mortgage Refinance Corporation (NMRC),State housing MDAs, Primary Mortgage Institutions (PMIs) and privatedevelopers to invest heavily in housing development and mortgageprovision.Housing deficit in Lagos is in excess of2 million units 1LSDPC has delivered ~22,000 housingunits since its inception. (2)Lagos State Ministry of Housingdelivered only 5,000 units between1999-2010. (2)LHOMS was expected to deliver just10,000 units between 2010 and2014. (2)According to the Lagos Stategovernment, about 75% of thepopulation live in slums 1Source: (1) Lagos State DevelopmentPlan 2012 – 2025, (2) HOUSING,POPULATION AND DEVELOPMENTIN LAGOS, NIGERIA – LookmanOshodi, 201048
Lagos:Beyond 2015Lower costWe will:• Make use of industrial-scale house building methods• We will encourage standardisation across the buildingprocess• We will review the cost of registering land titles• Set up various housing schemes that would targetdifferent income classesBOLD IDEASNEW OPPORTUNITIES49
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Jimi Agbaje Manifesto

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