The Lagos State Government says it has signed a Memorandum of Understanding with a firm, Echostone Development Nigeria Limited, to build 2,000 housing units in three locations in the state.
A statement from the Lagos State Ministry of Housing on Thursday said the MoU was signed at the ministry’s office in Alausa, Ikeja.
The commissioner said, “The company is expected to develop 2,000 housing units of two-bedroomed-bungalows in three locations, starting with 250 units at Idale in Badagry. It will move to Ayobo in Alimosho and later to Imota in Ikorodu for the development of the rest of the houses.”
He said it was part of the government’s plan to ensure that the Lagos Affordable Public Housing Initiative impacted on every part of the state, adding that the government planned to deliver 20,000 housing units within four years.
The Chief Executive Officer, Echostone, United States, Anthony Recchia, said its new technology would enable the company to build a house within four days, adding that the company would deliver the first 250 units of houses in three months starting from February 2018.
President, Business Development, Echostone, United States, Ander Lindquist, said the company would deliver 2,000 housing units in seven months.