Business
How Lagos Smart City Projects Are Transforming Real Estate Investment Opportunities in 2025 by Dennis Isong
What is a Smart City? A smart city uses digital technology and data to make life easier, safer, and more efficient for residents
Lagos has always been the heartbeat of Nigeria’s economy, but in 2025, the game has completely changed.
Smart city projects like Eko Atlantic, Alaro City, and Lekki Free Zone are not just buzzwords anymore — they are real, thriving hubs that are redefining real estate investment opportunities in Lagos.
If you’re thinking about buying, investing, or simply understanding where the next big wave is in property, this is the right time to pay attention.
What is a Smart City?
A smart city uses digital technology and data to make life easier, safer, and more efficient for residents.
Think better roads, uninterrupted electricity, clean water, efficient waste management, and smart housing — all working together like clockwork.
Lagos is on a mission to create cities that think, learn, and adapt, making it one of the fastest-emerging smart hubs in Africa.
Major Lagos Smart City Projects to Watch in 2051.
- 1.Eko Atlantic City
Eko Atlantic is often called the “Dubai of Africa,” and rightly so. Built on reclaimed land from the Atlantic Ocean, this city offers:
World-class residential apartments
Top-grade commercial offices
Luxury hotels and entertainment zones
Property prices in Eko Atlantic are rising fast, with a strong influx of international investors.
2. Alaro City
Located within the Lekki Free Zone, Alaro City is designed for mixed-use — industrial, commercial, and residential purposes. It promises:Industrial warehouses
Modern homes Commercial spaces Green parks and world-class roads
Good News: Early investors are already reaping returns as land prices have appreciated significantly since launch.
Smart city projects like Eko Atlantic, Alaro City, and Lekki Free Zone are not just buzzwords anymore — they are real, thriving hubs that are redefining real estate investment opportunities in Lagos.
3. Lekki Free Zone
This project is a full package — industries, ports (Lekki Deep Sea Port), and residential areas, all integrated with technology for easy living.
The Lekki-Epe axis is exploding with demand for residential and industrial real estate.
Why Smart Cities Are Shaping the Future of Real Estate Investment
High Demand for Housing: Tech professionals and foreign investors moving into these smart cities will need accommodation.
Strong Rental Yields:
Short-let apartments and high-end rentals in these zones are already fetching excellent returns.Better Infrastructure:
Investors love stable electricity, good roads, and security — all essentials in smart cities.Increase in Land Value: Buying early in or near these projects can multiply your investment within a few years.
Areas Around Smart Cities You Should Be Watching
Ibeju-Lekki (close to Alaro City and Lekki Free Zone)Victoria Island Extension (near Eko Atlantic) Epe (the new frontier for affordable investments).
Now is the Time to Position Yourself.
The Lagos smart city revolution is not something to watch from afar — it’s happening now.
Early movers are locking down prime properties, while others will pay premium prices later.
If you have been thinking about owning real estate in Lagos, focusing on smart city areas is your golden ticket.Take Action Today!
If you need guidance or help securing high-potential properties, don’t worry — your favorite real estate plug, Dennis Isong, is just a call away.
STOP LOSING MONEY IN LAGOS REAL ESTATE!
Learn How to Protect Your Investment Today. => LandProperty.ng/free Your future deserves the assurance of due diligence.
Business
NTA didn’t introduce VAT on charges collected by banks — NRS
The Nigeria Revenue Service (NRS) wishes to address and correct misleading narratives circulating in sections of the media suggesting that Value Added Tax (VAT) has been newly introduced on banking services, fees, commissions, or electronic money transfers.
Photo: NRS chairman, Zacch Adedeji
The Nigeria Revenue Service (NRS) has clarified that the Nigeria Tax Act (NTA) did not introduce VAT on banking charges, nor did it impose any new tax obligation on customers in this regard.
In a statement made available to newsmen and signed by Dare Adekanmbi, Special Adviser on Media to the NRS chairman, Zacch Adedeji, the service said the claims are incorrect.
According to the NRS, VAT has always applied to banking services and was not introduced by the Nigeria Tax Act.
The statement reads:
“The Nigeria Revenue Service (NRS) wishes to address and correct misleading narratives circulating in sections of the media suggesting that Value Added Tax (VAT) has been newly introduced on banking services, fees, commissions, or electronic money transfers.
This claim is categorically incorrect.
“VAT has always applied to fees, commissions, and charges for services rendered by banks and other financial institutions under Nigeria’s long-established VAT regime.”
Business
LIRS gives employers Jan 31 deadline for filing 2025 tax returns
The Executive Chairman of LIRS, Dr Ayodele Subair, who gave the directive on Thursday, reminded employers that the obligation to file annual returns is in line with the provisions of the Nigeria Tax Administration Act 2025.
The Lagos State Internal Revenue Service(LIRS) fixed statutory deadline of January 31, 2026, for all employers of labour in the state to file their annual tax returns for the 2025 financial year.
The Executive Chairman of LIRS, Dr Ayodele Subair, who gave the directive on Thursday, reminded employers that the obligation to file annual returns is in line with the provisions of the Nigeria Tax Administration Act 2025.
Subair explained that employers are required to file detailed returns on emoluments and compensation paid to their employees, as well as payments made to service providers, vendors, and consultants, and to ensure that all applicable taxes due for the 2025 year are fully remitted.
He emphasised that the filing of annual returns is a mandatory legal obligation and warned that failure to comply would attract statutory sanctions, including administrative penalties, as prescribed under the new tax law.
Business
Nigeria To Review Inflation Reporting First Time In 15 years
The agency said the expected spike in December inflation did not reflect actual price movements in the economy but was largely a statistical distortion caused by the rebasing of the Consumer Price Index.
Nigeria’s National Bureau of Statistics (NBS) has announced plans to revise its inflation reporting methodology.
This followed concerns that December’s year-on-year figure may be artificially inflated due to the impact of last year’s rebasing exercise.
The agency said the expected spike in December inflation did not reflect actual price movements in the economy but was largely a statistical distortion caused by the rebasing of the Consumer Price Index.
Reuters reported that the rebasing, the first in 15 years, adopted December 2024 as the index reference point.
Officials explained that the change is likely to exaggerate the year-on-year inflation figure for December without accurately capturing prevailing market trends.
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