In a
move to galvanise residents’ interest in the Lagos Home Ownership Mortgage
Scheme (Lagos-HOMS), Governor Babatunde Fashola on Tuesday hinted of plans to
introduce what he called ‘rent to own’ which may see the government waiving the
initial 30 percent equity contribution for the homes. The initiative is
targeted at the informal sector players.
There
seemed to have been a general apathy towards the Lagos-HOMS since it was
unveiled in April this year by the government.
So
far, less than
