Obafemi Hamzat Proposes 25-Year Mortgage Scheme in Lagos Debate
Obafemi Hamzat pledged to increase housing affordability and expand transportation infrastructure during a governorship debate in Lekki.
Lagos State Deputy Governor and All Progressives Congress candidate Obafemi Hamzat proposed a new mortgage scheme to improve housing affordability during a governorship debate in Lekki on Sunday. The plan would allow residents to purchase homes with a 10 percent deposit and a 25-year repayment period.
Hamzat committed to strengthening the enforcement of the Lagos State Real Estate Registration Law to limit advance rent payments to one year. He urged citizens to report violations through state channels to help the government track non-compliance.
In addition to housing reforms, Hamzat vowed to expand road, rail, and waterway infrastructure to improve mass movement across the state. He is campaigning to succeed Governor Babajide Sanwo-Olu in the election scheduled for February 6, 2027.
