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The medication of Governor Babajide Sanwo-Olu successful Lagos has sparked contention by unveiling a bid of opulent estates specifically designed for billionaires, portion seemingly neglecting the pressing request for affordable lodging options for the state's impoverished residents.
This startling revelation comes amidst an acute situation of hunger, poverty, and escalating outgo of surviving that continues to ravage not lone Lagos but Nigeria arsenic a whole.
According to documents obtained by SaharaReporters, the Lagos State Development and Property Corporation (LSDPC) has divulged details regarding the lavish features and exorbitant prices of these upscale estates.
The prices scope from a staggering N35 cardinal for a one-bedroom flat to an astonishing N1.5 cardinal for a four-bedroom apartment, further exacerbating concerns astir the government's priorities.
This improvement has raised questions astir the Sanwo-Olu administration's committedness to addressing the lodging needs of low-income residents, who conflict to entree basal structure amidst the prevailing economical hardships.
The presumption of a batch of Lagosians is that government's resources should beryllium allocated towards alleviating the suffering of the astir susceptible members of society.
As revealed successful the documents procured by SaharaReporters, 1 of the luxurious residential developments is situated astatine the prestigious Bella Vista Tower, strategically located successful the exclusive Banana Island enclave wrong the Ikoyi country of Lagos State. This upscale property boasts an array of lavish units, specifically comprising three-bedroom and four-bedroom penthouse apartments.
The Lagos State Development and Property Corporation noted that the apartments have: “Top prime materials, fixtures and fittings, prime tiles for the floor, granite staircases, mantle level and partition tiles astatine crushed level entrance. The windows are rated with aluminum sliding doors and doorway astatine entranceway to balcony. There is simply a wide balcony for sit-outs and 3 elevators for each block.
“Ample parking abstraction (2 up and 2 underground), good paved thrust ways, satellite people information features and gadgets successful summation to firm guards, net and connection ports successful each apartment, video enabled intercom facilities, ultra-modern big and children modular swimming pool, 2 tract tennis and a hoops court, squash court, a gymnasium, elevator, 24hrs energy supply, sewage and h2o attraction plant, borehole, multi-storey car park, poolside outdoor bar, nine house, laundry room, fitted kitchen, standby generator and, amongst others.”
As outlined successful the authoritative terms database for the luxurious apartments astatine Bella Vista Tower, the outgo of ownership varies depending connected the level determination and portion configuration. Specifically: the mid-floor three-bedroom apartments are priced astatine an awesome N950,000,000.
Similarly, the three-bedroom apartments situated connected the 1st and 2nd floors are besides valued astatine N950,000,000.
The ground-floor three-bedroom apartments bid a premium terms of N1,200,000,000.
Meanwhile, the pinnacle of luxury resides successful the penthouse level four-bedroom apartments, which travel with a staggering terms tag of N1,500,000,000.
Similarly, Treasure Estate located astatine Ajiwe, aft Lekki Scheme 2, Off Abraham Adesanya Roundabout, Ajah, has one, 2 and 3 chamber apartments and terraces, with: “Round the timepiece security, surveillance, entree control, powerfulness supply, and treated water, fitted kitchen, aerial conditioners, gross house, commercialized cornershop, garbage bay, capable parking area, good planned retired drainage system, recreational facilities; playground, gym, swimming pool, good planned retired drainage, and more.”
Within the esteemed estate, a divers scope of luxurious residential options is available, catering to assorted preferences and requirements. The pricing operation for these exclusive abodes is arsenic follows: The spacious three-bedroom terrace, complemented by a convenient Boys' Quarter (BQ), is valued astatine N80,000,000.
The two-bedroom terrace, besides accompanied by a BQ, boasts a terms tag of N65,000,000.
For those seeking a much compact yet elegant surviving space, the two-bedroom level is disposable for N55,000,000.
Sanwo-Olu Govt Builds Posh Estates For Billionaire_240908_135729.pdf
Lastly, the cozy one-bedroom level offers an charismatic introduction constituent into the estate's luxurious lifestyle, priced astatine N35,000,000.
Garnet Residence (Maisonette & Flats), Sinari Daranijo connected Victoria Island, boasts “CCTV Camera; 3 nary 6-8 Passenger Lift for 2 Bedroom, Maisonettes and Penthouse; Panoramic Lift for each Terrace & Semi-Detached; Gym; Ample Car Park; Premium Power Supply”
The pricing operation for the luxurious residential units showcases an array of high-end options. At prime locations, the pursuing prices prevail: A spacious four-bedroom terrace, complemented by a convenient Boys' Quarter (BQ), commands a premium terms of N700 million.
Alternatively, a four-bedroom maisonette, besides accompanied by a BQ, is valued astatine N650 million.
For those seeking the pinnacle of luxury, a four-bedroom flat situated connected the prestigious penthouse floor, implicit with a BQ, boasts an unparalleled terms tag of N750 million.
Meanwhile, astatine the esteemed Crown Towers, strategically located connected Sinari Daranijo, connected Victoria Island, prospective residents tin take from a stylish two-bedroom residence, accompanied by a BQ, priced astatine N195 cardinal and a spacious three-bedroom abode, besides featuring a BQ, valued astatine N235 million.
For Addy’s Haven, Pelewura successful the Apapa country of the state, its features see “Smart Homes, Fully Fitted Kitchen, Solar Power, Ample Parking Space, Good Road Network, Water Treatment Plant, 24hrs Security, CCTV Surveillance, General Sewage System”.
Here, a two-bedroom flat costs N75 million.
Another posh property is The Enclave Estate successful Okota, Isolo with “24/7 Power Supply; Recreational facilities; Facility Management; 2 Parking Slots per Flat; Street Lighting; Water Supply; 24 Hours Security,” wherever two-bedroom level and three-bedroom flats are N45 cardinal and N50 cardinal respectively.
Others are Ilupeju Gardens, Esther Osiyemi Street successful Ilupeju wherever a one-bedroom flat (53 Sqms) is N78,705,000; one-bedroom penthouse (69 Sqms) is N102,465,000; two-bedroom flat (89 Sqms) is N120,150,000; three-bedroom flat (137 Sqms) is N184,950,000, and four-bedroom maisonette (180 Sqms) is N243,000,000.
Davila Court, Ogudu GRA Phase 2, Ogudu boasts “Swimming Pool; Gym; 24/7 Power Supply; Assured 24/7 Security Surveillance; Constant Availability of Janitorial and Concierge Services; CCTV and Intrusion Alert System; IPTV (Internet Protocol Telecommunication System}; Video Phone System; Home Automation Features; E – Tag System for Streamlined Vehicle Entry and Exit; Comprehensive Fire Prevention, Detection and Elimination System”.
In the estate, a four-bedroom terrace + BQ is N156 cardinal for semi-finished apartments and N199 cardinal for finished apartments; N140 cardinal for semi-finished three-bedroom and N162 cardinal for finished apartment; N93 cardinal for a semi-finished 2 chamber and N107 cardinal finished flat and N46 cardinal for semi-finished 1 chamber and N54 cardinal for finished apartments.
Located successful the prestigious Toll Height, Ogudu GRA Phase 2, Ogudu, lies an exclusive residential enclave boasting an array of opulent amenities and facilities. This luxurious improvement caters to the discerning tastes of affluent individuals, offering an unparalleled surviving experience.
Some of the notable features of this esteemed code include: An expansive parking facility, expertly designed to accommodate up to 393 vehicles, ensuring seamless accessibility and convenience for residents.
The residential options wrong this upscale assemblage are priced arsenic follows: A stylish one-bedroom workplace apartment, cleanable for the blase individual, is valued astatine N75,000,000; a spacious two-bedroom flat, perfect for increasing families oregon professionals, commands a terms of N135,000,000 and a luxurious three-bedroom flat, offering the epitome of comfortableness and elegance, boasts a terms tag of N170,000,000.
Mangrove Estate, Ogudu GRA Phase 2 boasts facilities that include: “Recreational Area, Sewage Treatment, Water Treatment, 3 Car parks per unit, 24/7 Security, 24 hours energy supply,” wherever four-bedroom terrace + BQ is N200 million; four-bedroom maisonette + BQ is N170 million, portion prices for 1 and two-bedroom penthouse respectively is “to beryllium determined.”
In November 2023, Governor Sanwo-Olu disclosed that his medication has, successful little than 5 years, provided implicit 3,000 homes for the residents.
He assured that efforts were successful advancement to trim the 17 cardinal lodging shortage successful the state.
The politician made this known astatine the Conference of Directors of Lands successful the Federal and State Ministries, Departments and Agencies.
Checks by SaharaReporters revealed that the apartments successful these estates travel with hefty terms tags, moving into millions of naira. This places them acold beyond the scope of civilian servants successful Nigeria, who until recently, struggled to marque ends conscionable connected the meager N30,000 minimum wage.
Even the caller signing into instrumentality of a caller N70,000 minimum wage volition hardly connection immoderate alleviation considering the caller hikes successful substance prices and soaring inflation. The exorbitant costs of these apartments underscore the stark disparity betwixt the lodging options provided by the authorities and the economical world faced by mean citizens.
In stark opposition to the existent luxury-focused lodging developments, the enactment of erstwhile Lagos State Governor, Lateef Kayode Jakande, near an enduring bequest during his tenure from October 1, 1979, to December 31, 1983.
Governor Jakande's medication undertook an ambitious lodging program, resulting successful the operation of implicit 30,000 affordable lodging units specifically designed for the payment of Lagosians.
Notable examples of these low-cost estates include: Amuwo-Odofin Estate, Ijaiye Estate, Dolphin Estate, Oke-Afa Estate, Ije Estate, Abesan Estate, Iponri Estate, Ipaja Estate, Abule Nla Estate, Epe Estate, Anikantamo Estate, Surulere Estate, Iba Estate, Ikorodu Estate and Badagry Estate.
Regrettably, the existent absorption connected luxury developments diverges sharply from the run promises of the ruling All Progressives Congress (APC), which holds powerfulness astatine the nationalist level. The APC's level emphasized the value of affordable lodging and societal payment programs, highlighting the request for inclusive improvement that benefits each segments of society. However, the enactment has failed to execute this, including astatine the nationalist level.
This striking disparity betwixt past achievements and contiguous priorities raises indispensable questions astir the government's committedness to societal work and its work to guarantee that the basal needs of each citizens are met.
One twelvemonth and 3 months into President Bola Tinubu's tenure, the administration's run promises stay unfulfilled, leaving Nigerians disillusioned and frustrated. Instead of witnessing transformative change, the state has been plagued by wide suffering, arsenic citizens instrumentality to the streets to protestation and lament the crippling effects of acute hunger and poverty, soaring outgo of living, exorbitant substance prices, with pump prices skyrocketing to arsenic precocious arsenic N895 and rampant atrocious governance, which has go a cancerous affliction connected the nation.
The stark disparity betwixt the promised reforms and the harsh world has sparked wide discontent, eroding nationalist spot and fueling nationwide demonstrations.
When contacted, Gbenga Akosile, Special Adviser, Media and Publicity to Governor Sanwo-Olu said the costly estates are built and managed by LSDPC, which according to him, is much oregon little a backstage concern entity of the authorities that operates based connected marketplace forces.
He said the authorities authorities nevertheless has astir 18 lodging units crossed antithetic locations successful the authorities for low- and medium-income earners with prices ranging from N10 cardinal to N30 cardinal for one-off buyout.
He said, "The authorities cares astir the mean people. Banana Island and those different large places is not adjacent for idiosyncratic similar me. Even the commissioner cannot spend there. But for the ones the authorities has for mean people, the terms scope is betwixt N10 cardinal and N30 cardinal depending connected location.
"I cognize that determination are immoderate of N10 million, N12 million, N17 million, N30 million, which could beryllium two-bedroom, one-bedroom and three-bedroom. Also, we person successful Igando, Ikorodu, Sangotedo, and Agege, and those are if you are paying outright. But I cognize determination are besides arrangements for radical to wage successful installment.
"There is what we telephone rent-to-own. They are to beryllium rented but ultimately, they go yours aft a fig of years, similar 10 years. You rent it and aft 10 years, you indispensable person finished paying up, you volition past cod your discharge certificate from the authorities and it becomes afloat yours.
"In presumption of renting, I cognize that immoderate radical wage arsenic debased arsenic N500,000."
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