Thursday, May 13, 2021

Re: Sanwo-Olu turns tenants into Landlords with LASG ‘Rent to Own’ Scheme

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The Lagos State Mortgage Board wishes to re-emphasize our commitment to the mandate of our amiable Governor, Mr Babajide Olusola Sanwo-Olu in his quest to reducing the Housing Deficit in Lagos State through a transparent process of the Rent-To-Own programme.

Housing is vital to making Lagos a 21st Century Economy and achieving this feat is through direct funding by the State and joint ventures. Below is the status of our designated housing schemes:


Name of Scheme Status
Sir Michael Otedola, Odoragunshin, Epe Fully Occupied since 2016
Chois City, Agbowa Fully Subscribed & Occupied Since 2014
Alhaja Adetoun & Hon. Olaitan Mustapha, Ojokoro Fully Subscribed & Occupied since 2019
Alhaji Lateef Jakande, Igando Fully Subscribed & Occupied since Sept. 2019
Oba Adeboruwa Scheme Fully Occupied Since 2015
Prince Abiodun Ogunleye Allocation Ongoing
Sangotedo Scheme Construction Ongoing
Ajara, Scheme Construction Ongoing
Egan, Igando Allocation Ongoing
Iponri Scheme Commissioned January  2021


For further information, visit our or pay us a visit on the 2nd and 3rd floors, NECA House, CBD, Alausa, Ikeja.




Lagos State Mortgage Board


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