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LagosHOMS Gets Additional 59 Owners

Fifty-nine home owners have emerged at the Seventh Draw of the Lagos Home Ownership Mortgage Scheme (LagosHOMS).
Governor, Babatunde Fashola, (SAN), at the draw last Wednesday, said the scheme was affordable and that it took beneficiaries away from the cash-and-carry syndrome, which requires people to pay for homes at once.

The governor, who spoke at the BlueRoof Hall, LTV Complex, Agidingbi, added that the difficulties facing Nigerians in getting homes explained why the government intervened on rent control and management.

He said a legislation passed by the government to that effect barred home owners from taking more than a year’s rent.

Fashola noted that the practice of “asking people who get their salaries on monthly basis to pay three years rent in advance is simply about the people hurting themselves.

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