Nicolars:
somepeople are just stupid and just full of hate
cant you see 1.5m to 25m
you r still shouting 25m is too much


it is stated there that based on type and location


and who is that slowpoke saying he will build 3 houses with 25m[left]somepeople are just stupid and just full of hate
cant you see 1.5m to 25m
you r still shouting 25m is too much


it is stated there that based on type and location


and who is that slowpoke saying he will build 2-3 houses with 25m

Lolz the best to be done to people of this nature is just to IGNORE. Those who can comprehend will get the information perfectly, even in the United State such scheme is in practise but when such idea is encouraged here some people will want to talk it down.

I see a Lagos that will extend just gesture to other basic needs to be paid back on long term loan.

Eko onibaje ooooo!!!
God Bless Nigeria

Leyqute:


I don't know what the problem is with some people. You see 1.5m to 25m yet you capitalized on 25m and start saying rubbish. What kind of person is this? Do you ever want your country to compete globally?

If you see good thing abeg laud am, don't politicize everything.

If it's a good scheme people will give testimonies sooner or later. Stop killing development. Think about the future.

When the highest house they are mortgaging is a 3 bedroom flat, then it's on the high side. The fact that you can afford it doesn't mean every Lagosian can.

Please i need someone to educate me on how i can quickly register to be a lagos resident....this scheme i am so interested

i want to own my home abeg, tired of being a bloody tenant.

But abeg eh make i axe kwesion, if maybe u started by paying 5k rent every month and ur income increases can u step up so that u go own ur house quicker, and kwesion two hope there is no Hidden interest rates and hidden charges


Please someone should teach me how i can get this lagos residency without stress cus i know that Tax clearance will be so so stressful

People are just hard to please! They are just born to criticize and find faults to the extent that they blind themselves intellectually. Now they ignored the 1.5 and jumped to the 25m.

As if they are ignorant of what it costs to build a house. Getting house from 1.5 in this present economy is very very cheap.

What we need to look at is how the Govt intends to give those houses so it won't go to the already rich people.

Afam4eva:

When the highest house they are mortgaging is a 3 bedroom flat, then it's on the high side.

How much can you get a 3 bed room flat in Banana island? How much is a 3 bedroom flat in Agege? How much is a 3 bedroom flat in Ikorodu?

The fact that you can afford it doesn't mean every Lagosian can.

Can every American afford 3 square meals a day? Can every European afford 3 square meals a day? Can every Nigerian afford 3 square meals a day?

Story for the gods.
N25m is enough to build a three bedroom bungalow in Ajah, including the required one plot of land with solar powered borehole and regular power supply.

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Afam4eva:
25 million? I thought the scheme was for low income earners. Where exactly do they expect them to get that kind of money.

I have always been against buying flats at exorbitant amounts because you don't own the land that the flat is on. if something happens to the flat then what do you do?

Please read well......its not an outright sale. There ones for N1.5million ,N2million etc..where u make a down payment of 5% and be paying 15,000 monthly for 10years......

Leyqute:


How much can you get a 3 bed room flat in Banana island? How much is a 3 bedroom flat in Agege? How much is a 3 bedroom flat in Ikorodu?



Can every American afford 3 square meals a day? Can every European afford 3 square meals a day? Can every Nigerian afford 3 square meals a day?

Nowhere in the article did they mention Banana island. Most of the houses will be built in places where medium and low income Lagosians live. Even private owned estates in those places don't sell as much as 25 million on the average. There's an estate called County estate somewhere around Pen Cinema Agege and it's a pretty nice estate and they started selling flats as low as 7 million even though now it's about 20 million. This is a private estate we're talking about. Anything built by government is supposed to be considerably cheaper than those built by private setups if they're interested in helping the citizenry like they claim.

Ambode

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fkj950ax:


Why do you revel in distorting information.

1.5m to 25m.

You intentionally ignored the 1.5m and caused people to erroneously follow you down the dark path of 25m-scam-not-affordable...

Actually, the typical price that will be in high demand will be closer to N25 mil than N1.5 mil.

You want a home which involves entering gbese spread over 10 years. No right thinking person wants a 1 room apartment to raise a family in some shitty location that you'll be tied to for 10 years.

The right thinking person will go for a 3 bedroom apartment in a nice location since (s)he might raise a family there for up to or more than 10 years.

However, it's a good deal that will involve monthly payments up to 21k N210k over 10 years (interests not included).

The only problem is that we live in a society with no jobs or poor job security.

Correct me if I'm wrong.

First of all, this is not fot low income earners, its for people earning from 200 and above because i don't see a level 4 to 5 civil servant being able to afford that shit. In the first place, where e get 1.5m as initial deposit or didnt i read that right? 25m to be paid in 10yrs thats around 113k per month, how many "low income earners" can afford that in these recesion age? Yet they claim to be helping.... Abegie! Its just another sham to bury people in perpetual debt. #Godsavelagocians/nigeria

ERONX:
25 mill, and u call DAT affordable?

YES!!!!

vicobosi:
First of all, this is not fot low income earners, its for people earning from 200 and above because i don't see a level 4 to 5 civil servant being able to afford that shit. In the first place, where e get 1.5m as initial deposit or didnt i read that right? 25m to be paid in 10yrs thats around 113k per month, how many "low income earners" can afford that in these recesion age? Yet they claim to be helping.... Abegie! Its just another sham to bury people in perpetual debt. #Godsavelagocians/nigeria

YES!!!! u didn't

Afam4eva:

When the highest house they are mortgaging is a 3 bedroom flat, then it's on the high side. The fact that you can afford it doesn't mean every Lagosian can.

Would you rather its given to you for free? I own a 2 bedroom flat which I bought from Lagos State Government 2 years ago, and the value has practically doubled. Was it a good investment, hell yeah. I live in a well managed estate in the middle of town, and didnt have to cough out the entire value of my apartment to get it.

Exciton:


Actually, the typical price that will be in high demand will be closer to N25 mil than N1.5 mil.

You want a home which involves entering gbese spread over 10 years. No right thinking person wants a 1 room apartment to raise a family in some shitty location that you'll be tied to for 10 years.

The right thinking person will go for a 3 bedroom apartment in a nice location since (s)he might raise a family there for up to or more than 10 years.

However, it's a good deal that will involve monthly payments up to 21k over 10 years (interests not included).

The only problem is that we live in a society with no jobs or poor job security.

Correct me if I'm wrong.

You are wrong...

60% of Nigerians live in face me I face you, (room or room and parlour) not 3bedroom flats.

Most of these face me I face you are in shitty locations as you wrote.

So take time to get off your high horse and remember that there is a low income group living in Nigeria. Poor people. The masses...

Have you been to your driver or office cleaner or security man's house ever...

Exciton:


Actually, the typical price that will be in high demand will be closer to N25 mil than N1.5 mil.

You want a home which involves entering gbese spread over 10 years. No right thinking person wants a 1 room apartment to raise a family in some shitty location that you'll be tied to for 10 years.

The right thinking person will go for a 3 bedroom apartment in a nice location since (s)he might raise a family there for up to or more than 10 years.

However, it's a good deal that will involve monthly payments up to 21k over 10 years (interests not included).

The only problem is that we live in a society with no jobs or poor job security.

Correct me if I'm wrong.

Do you plan to be stagnant for 10 years? Get one first, and figure out the rest later. I know lots of young couples that bought 1 bedroom flats and with a bit of ingenuity were able to carve out a second room. One of them that I know his income has nearly tripled in the last 18 months.

Have you considered how much you will get a plot of land in such location, and the total cost of building such with omo onile wahala?? and hope you didnt miss the part that says its gonna be 10 years payment??

Afam4eva:

When the highest house they are mortgaging is a 3 bedroom flat, then it's on the high side. The fact that you can afford it doesn't mean every Lagosian can.

ERONX:
25 mill, and u call DAT affordable?

i hope you read the post from a-z
Lawal said the first phase of the project would be sited in the following areas: Epe, Agbowa, Ojokoro, Alimosho, Igbogbo, Igando, Iponri, Surulere, Eti-Osa, Ajara and Badagry.
The price varies according to location
25M house is okay for pple living in Surulere. so

Afam4eva:

Nowhere in the article did they mention Banana island. Most of the houses will be built in places where medium and low income Lagosians live. Even private owned estates in those places don't sell as much as 25 million on the average. There's an estate called County estate somewhere around Pen Cinema Agege and it's a pretty nice estate and they started selling flats as low as 7 million even though now it's about 20 million. This is a private estate we're talking about. Anything built by government is supposed to be considerably cheaper than those built by private setups if they're interested in helping the citizenry like they claim.

I don't know why you keep harping on N25m like it's the CHANGE slogan. So, what you're saying is there aren't 3-bedroom flats worth N25m around any of those areas listed?

Moreover, did you consider that a one-bedroom flat for N1.5m is on the table? Thing is if it's not comfortable then people most likely won't buy it.

Stop looking for negatives in things you see.

@Post,

With the prevailing market rates of building materials, I applaud Lagos State if they are really able to deliver finished accommodation (at the right quality) for as low as N1.5m, and no higher than N25m, albeit flats.

Before we harangue further, it will be pertinent to wait for the breakdown of the selling price vis a vis the respective locations. Thereafter, we can compare the LASG proposed selling price with that of the private developers in each area.

Low income earners will obviously be able to benefit from the low range houses. The upper range will be very beneficial to mid income earners who pay exorbitant rents in Surulere, Lekki and related environs where these houses will be located.

Kudos again to LASG.

Orikinla:
Story for the gods.
N25m is enough to build a three bedroom bungalow in Ajah, including the required one plot of land with solar powered borehole and regular power supply.

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And will you pay for the house in ten years, in installments with your salary?

fkj950ax:


You are wrong...

60% of Nigerians live in face me I face you, (room or room and parlour) not 3bedroom flats.

Most of these face me I face you are in shitty locations as you wrote.

So take time to get off your high horse and remember that there is a low income group living in Nigeria. Poor people. The masses...

Have you been to your driver or office cleaner or security man's house ever...

Lol. So of what advantage is the housing scheme if we have a society with most families crammed into 1 bedroom houses?

I never said it was a bad deal. My analysis only infers that such a housing scheme needs to be coupled with creation of good job opportunity for the masses.

The honest truth is that, no matter the good intentions of such schemes, we will never have a comfortable society until we create true value by job creation across all sectors of industry.

The citizens will always be too poor to afford the simple things of life.

Afam4eva:

When the highest house they are mortgaging is a 3 bedroom flat, then it's on the high side. The fact that you can afford it doesn't mean every Lagosian can.

.....neither does it mean "every Lagosian" should either. There are choices, you can choose to take it or let it go. It is not when govt starts distributing houses for free that you will be contented.

fkj950ax:


You are wrong...

60% of Nigerians live in face me I face you, (room or room and parlour) not 3bedroom flats.

Most of these face me I face you are in shitty locations as you wrote.

So take time to get off your high horse and remember that there is a low income group living in Nigeria. Poor people. The masses...

Have you been to your driver or office cleaner or security man's house ever...

But you can still get good apartments at higly reasonable prices, the mission is to reduce the hardship when it comes to housing in Lagos.

Orikinla:
Story for the gods.
N25m is enough to build a three bedroom bungalow in Ajah, including the required one plot of land with solar powered borehole and regular power supply.

If you have the bulk N25m at hand, then the scheme is not for you in the first place

vicobosi:
First of all, this is not fot low income earners, its for people earning from 200 and above because i don't see a level 4 to 5 civil servant being able to afford that shit. In the first place, where e get 1.5m as initial deposit or didnt i read that right? 25m to be paid in 10yrs thats around 113k per month, how many "low income earners" can afford that in these recesion age? Yet they claim to be helping.... Abegie! Its just another sham to bury people in perpetual debt. #Godsavelagocians/nigeria

Did you realise that some of the apartments cost 1.5 million Naira, and they are going to pay for so long. so if they pay 15,000 NGN in a month, they would have finished paying before ten years

Exciton:


Actually, the typical price that will be in high demand will be closer to N25 mil than N1.5 mil.

You want a home which involves entering gbese spread over 10 years. No right thinking person wants a 1 room apartment to raise a family in some shitty location that you'll be tied to for 10 years.

The right thinking person will go for a 3 bedroom apartment in a nice location since (s)he might raise a family there for up to or more than 10 years.

However, it's a good deal that will involve monthly payments up to 21k N210k over 10 years (interests not included).

The only problem is that we live in a society with no jobs or poor job security.

Correct me if I'm wrong.

1. No right thinking person should start to raise a family fit for a 3-bedroom (size or quality), when what he can afford is a single bedroom
2. The scheme is for those who can afford it, considering both current income and future potential
3. Even in societies with the famed "job-security" (a term that I doubt truly exists), many cannot afford to buy a house. That is why America for instance keeps coming up with ways to bridge the gap, for example with the "Projects" concept

Read well bro 1.5m to 25m so u choose the best that suits u, remember u r paying for 10years. If its the house of 1.5m u deposit 5% = 75k and balance rest for 10years it will come down as low as 12-15k monthly. Always read well before u comment. Cheers and hope u get one

Afam4eva:
25 million? I thought the scheme was for low income earners. Where exactly do they expect them to get that kind of money.

I have always been against buying flats at exorbitant amounts because you don't own the land that the flat is on. if something happens to the flat then what do you do?

realborn:
@Post,

With the prevailing market rates of building materials, I applaud Lagos State if they are really able to deliver finished accommodation (at the right quality) for as low as N1.5m, and no higher than N25m, albeit flats.

Before we harangue further, it will be pertinent to wait for the breakdown of the selling price vis a vis the respective locations. Thereafter, we can compare the LASG proposed selling price with that of the private developers in that area.

Low income earners will obviously be able to benefit from the low range houses. The upper range will be very beneficial to mid income earners who pay exorbitant rents in Surulere, Lekki and related environs where these houses will be cited.

Kudos again to LASG.

Thank you o. Pls tell them

Bagehot:

Afam4eva: :

When the highest house they are mortgaging is a 3 bedroom flat, then it's on the high side. The fact that you can afford it doesn't mean every Lagosian can.

Would you rather its given to you for free? I own a 2 bedroom flat which I bought from Lagos State Government 2 years ago, and the value has practically doubled. Was it a good investment, hell yeah. I live in a well managed estate in the middle of town, and didnt have to cough out the entire value of my apartment to get it.

Bros,

This is the "blind side" people do not consider and probably make them not to take the bold step. A friend once valued my house few years ago and told me, do you know your property is close to a million dollars? I never gave a thought to it like that until he brought it to my consciousness.

We seemly want rewards, yet unwilling to pay the price

Don't mind then let's take for instance u get the house for 1.5m, u pay only 75k noe as 5% and move in, ur monthly rent will be BTW 10-12k for 10years abeg is it not fair enuff?

PortableAngel:


but have you considered that you can get a home for as 1.5 million in Lagos? You can't get that anywhere even if you want to build

ERONX:
25 mill, and u call DAT affordable?

spread over 10 years, 25m is just 250k per year. It is very much affordable