Real estate developer, Tayo Sonuga, managing director of Haven Homes, has endorsed re-election of All Progressives Congress (APC) candidate and incumbent governor of Lagos, Babajide Sanwo-Olu, for a second term.
In an interview in Lagos, he said Sanwo-Olu’s administration, through innovative policies, has positioned the sector on the path of sustainable development.
“Policies of the administration have opened up Lagos real estate to development as never before,” Sonuga said.
Speaking further, he lauded Sanwo-Olu for creating an enabling environment that addressed safety of residents from the sharp practices of the past.
“In the last four years, efforts by the governor and his team tackled quackery and fraudulent activities in the sector. An impressive initiative is the partnership between the state and EFCC.
“Also, early last year the governor signed a bill to regulate real estate transactions. If you look at that law, what it seeks to do is regulate real estate transactions to protect unsuspecting residents who in the past fell prey to quacks.
In infrastructure, Sonuga noted “the administration has built roads and infrastructure that added value to the sector, and made movement easier for residents.”
“For instance, regional road connecting Ajah to Lekki Phase 1. The ripple effect of that construction is it opened up real estate in that axis to more developments.”
“To sustain these developments in the sector, a government of continuity under Sanwo-Olu is needed.”