Echostone Development Nigeria said it has delivered a 252 WorldBank EDGE Certified low-cost homes in Idale, Badagry .
Lagos State, which has over three million house deficit had partnered Echostone in a Public-Private Partnership ( PPP ) aimed at providing 100,000 low-cost homes in 10 years with contemporary engineering, starting with the construction of 2,000 housing units in three local anesthetic Government Areas ( LGA ) of the state, Idale in Badagry ; Ayobo in Alimosho LGA and Imota in Ikorodu local Government Area .
Speaking at the official inauguration of the caparison project, Managing Director of EchoStone Development Nigeria, Mr Sammy Adigun, explained that the house outline named, ‘ Peridot Parkland Estate ’, was the first-ever green-certified low-cost house community in Nigeria, and the first to be certified by International Finance Corporation.

According to him, the stick out was one of only three in Africa to meet the advanced authentication flush for its significant carbon, energy and water savings .
He pointed out that the estate of the realm was confirmed to a 53 per penny department of energy savings home plate, 42 per penny urine savings and 35 per cent carbon savings .
On the importance of the aforesaid figures for Lagos State and the Badagry community, he said : “ The EDGE recognition puts Nigeria among leading nations in the global committed to meeting the highest standards of sustainability that supports the United Nations Sustainable Development Goals, peculiarly SDG11, sustainable Cities. ”
The director therefore explained that the energy savings could equate to the measure of a mortgage payment, each class significantly supporting affordability in the farseeing condition for owners, while Water savings can equate to approximately 20,000 gallons of body of water per the unit, per year .
“ not lone is the environment considered, but more importantly, the people who live here will benefit greatly from a higher choice living criterion for their families while having the opportunities of lower utility costs.
“ As we all know, house is at the heart of communities and EchoStone and the State of Lagos can be gallant to deliver a community that is not just low-cost, but healthy and bouncy and is the initiation for department of education, health and more .
“ This caparison residential district is proof that homeowners do not have to choose between low-cost house and timbre homes while producing communities with the EchoStone system allows your investment goes far, your urine and fixtures to death long, and your electricity to be optimised – while maintaining cooler and more comfortable indoor temperatures, ” he added .
Adigun, said the houses represent the first step toward the future of Nigeria ’ s twenty-first Century economy, and the state politics ’ s committedness to the health and the prosperity of all Nigerians .
In his address, the Executive Governor of Lagos State, Mr. Babajide Sanwo-Olu, said the project was part of efforts at reducing the housing deficit in the state .
“ The submit government will continue to provide a conducive environment for investment in the housing sector ”, Sanwo-Olu assured .
Earlier, the Lagos department of state Commissioner for Housing, Hon. Moruf Akinderu-Fatai, explained that a unit is a two-bedroom bungalow, which is low-cost for the low-income earners, adding that the invention used by Echostone Development Nigeria in building the homes is admirably .
“ We are leveraging on this technology, and we want to take this technology to the following level. For case, the stallion estate of the realm was constructed within one class. then, if we leverage on that, we would be able to provide more low-cost house units for Lagosians adenine fast as possible ”, he said .

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