Ambode ponders ‘rent and own’ housing policy

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Governor Akinwunmi Ambode
Lagos state governor, Akinwumi Ambode on Friday said the state would consider adopting a ‘rent and own’ policy in resolving its housing deficiency.
In a chat with media executives at his office in Alausa, Ikeja, Ambode acknowledged that it was not easy for a winner of a three-bedroom flat, under the state government’s housing scheme, to make an initial payment of about N5 million– half the cost– before spreading out the balance through monthly payments.
He noted that it was unnecessary for a bachelor or spinster to own a three-bedroom flat, stressing that it was better for those in this …Read More

Source:: PM Newspaper