LBIC seeks govt’s collaboration

Our Reporter

The Lagos State Building Investment Company (LBIC) Plc is driving stronger partnership with the Lagos State government to open more opportunities for residents to acquire homes through mortgage schemes.

Its Chairman, Mr Hakeem Ogunniran, who spoke when members of the board and management of the company visited the Lagos State Governor, Mr Babajide Sanwo-Olu, in his office, said the move followed the charge by the governor to the management of the bank to unlock LBIC’s assets and avail mortgages to Lagosians at competitive rates.

Ogunniran said the board and management of the mortgage institution were determined to collaborate with the administration of Sanwo-Olu to reduce housing deficits in the state.

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He said LBIC will continue to  partner the government to ensure home-for-all for Lagosians, especially through its Rent-To-Own Scheme.

He thanked the governor for his support in creating a new path for growth for the bank and that they were excited with the robust understanding that exists between LBIC and the government, the major shareholder of the company, and express their determination to strengthen the relationship.