Business
The Role of Infrastructure in Lagos Real Estate Value by Dennis Isong
Let’s break down why infrastructure is the ultimate game-changer in Lagos real estate.

If you want to understand the Lagos real estate market, forget all the fancy jargon for a minute.
Just think of infrastructure as the soul of property value. A house without good roads, electricity, water, or even security is like a designer shoe with no sole—fine but useless.
In Lagos, infrastructure plays a big role in shaping real estate prices.
The same plot of land in two different locations can have an N50 million difference just because one has better roads, drainage, or proximity to a major highway.
Let’s break down why infrastructure is the ultimate game-changer in Lagos real estate.
1. Good Roads = Good Money
Let’s say you have two plots of land—one along a well-paved road and the other inside a swampy, pothole-infested area. Which one would you buy? The answer is obvious.
Lagos traffic is already enough stress; nobody wants to add bad roads to their suffering. That’s why areas with smooth, wide roads see property prices skyrocketing. Look at Lekki Phase 1, for instance.
When the Lekki-Epe Expressway was a narrow, chaotic mess, properties were still relatively affordable. But once the road was expanded and better maintained, land prices shot up like fuel prices after a subsidy removal.
Now, compare that to some areas on the mainland with roads that look like they survived a bomb blast. Properties there remain cheap, not because they aren’t valuable, but because buyers calculate the stress of bad roads into their final decision.
2. Drainage and Flood Control
Nobody Likes Swimming in Their Living Room Every Lagosian knows the pain of flooding.
When rain falls, some streets turn into rivers, and landlords start offering “canoe-inclusive” rent deals. But in places with proper drainage, real estate value remains stable, rain or shine. Victoria Island, for example, had serious flooding issues in the past.
But as drainage systems improved, property values remained strong.
Meanwhile, areas with poor drainage, like some parts of Ajah and Ikorodu, see land values drop during rainy seasons because buyers fear their future homes could become water parks.
Investors and homebuyers are now paying more attention to drainage systems before putting their money into properties.
A house is not cheap, so nobody wants to spend millions only to start living like Aquaman.
3. Power Supply—Because Generators Are Not Luxury
Electricity is one of Lagos’ biggest real estate influencers. Areas with steady power supply command higher rent and property prices. Why? Because the alternative—buying fuel for a generator—is both expensive and frustrating.
Places like Ikeja GRA, Victoria Island, and parts of Lekki have relatively stable power, and landlords use that as a selling point.
On the other hand, areas with epileptic power supply lose value over time. People are now considering solar-powered estates and communities where electricity is stable before making buying decisions.
4. Transportation—BRT, Rail, and Your Property’s Worth
One of the smartest real estate moves in Lagos is to buy property near upcoming transport projects. Why? Because the moment a major road, rail, or even a bridge is announced, land prices start rising like agege bread in hot weather.
When the Lekki-Epe Expressway toll gate was introduced, property prices in Ajah and beyond started climbing.
The same thing is happening with the Lagos Blue and Red Rail Lines. Areas close to the rail stations, like Alagbado and Agbado, are experiencing a surge in demand because people are preparing for easier movement.
Nobody likes spending four hours in Lagos traffic. If your property is near a transport hub that reduces stress, its value automatically goes up.
5. Security—Safe Neighborhoods, High Returns
No matter how fine a house is, if the area is a crime hotspot, buyers and tenants will run. Security infrastructure—streetlights, CCTV, police presence, gated communities—adds serious value to properties.
Banana Island, Ikoyi, and some parts of Lekki Phase 1 are expensive partly because of their tight security.
Compare that to some areas where robberies are common, and you’ll see why people are willing to pay a premium for peace of mind.
6. Social Amenities—Schools, Hospitals, Malls, and Fun Spots
A house in an isolated bush with no schools, hospitals, or supermarkets nearby is just a fancy prison. That’s why areas with top schools, healthcare centers, and entertainment hubs always see higher real estate demand.
Look at places like Ikeja, Lekki, and Surulere.
The presence of good schools, hospitals, and malls means families are willing to pay more to live there. Investors know this, so they buy early before development fully sets in.
The Government’s Role—When Infrastructure Meets Policy Infrastructure development is not magic; it takes government planning, funding, and execution.
The Lagos State Government has been actively pushing major projects to boost real estate value across different areas.
For example:
• The Lekki Free Trade Zone:
This project is turning Ibeju-Lekki into a goldmine. With the Dangote Refinery, Deep Seaport, and Free Trade Zone in full swing, land prices in this area have jumped significantly in the past few years.
• The Fourth Mainland Bridge:
Once this long-awaited bridge becomes a reality, expect a massive real estate boom in areas like Ikorodu, Ajah, and Epe. People are already securing land there in anticipation.
• The Lagos Rail Mass Transit (Blue and Red Lines):
These train lines will reduce commuting stress, meaning properties near stations will become more attractive and valuable.
When the government invests in infrastructure, real estate investors should pay attention. It means they are indirectly boosting property values in those locations.
How to Invest Wisely—Spot the Next Big Infrastructure
Move If you’re planning to buy property in Lagos, don’t just focus on “popular” locations. Instead, look at upcoming infrastructure projects. These areas are where you’ll get the best long-term returns. Here’s how to spot a good investment:
• Follow Government Announcements: Any major road, bridge, or transport project will affect real estate prices in that area. Stay informed.
• Check for Early Development Signs: When big businesses start moving into an area, it’s a sign that value will rise soon.
• Look Beyond the Present Condition: Some places may look like “bush” now, but with infrastructure, they will turn into prime locations.
Epe is a perfect example—five years ago, it was just a quiet town. Today, it’s one of the fastest-growing real estate hubs in Lagos.
• Buy Before the Boom: Once the infrastructure is completed, land prices jump dramatically. The best time to buy is when development is just starting, not when it’s fully established.
Infrastructure is the Key to Lagos Real Estate Wealth
In Lagos, infrastructure determines whether a property is worth millions or remains stagnant. Roads, electricity, drainage, security, transportation, and social amenities all play a crucial role in increasing property value.
Smart investors don’t wait for areas to become “hot” before they buy; they anticipate where the next big infrastructure project will be and invest early. Whether you’re a first-time buyer or a seasoned investor, one thing is clear: if you follow infrastructure, you’ll always find money in Lagos real estate.
Dennis Isong and team.
+2348164741041 +234802866756
Business
Lagos Declares Manufacturing, Selling, Distributing single-use Plastics a Crime
Wahab called on the public, particularly business owners, food vendors, and market traders, to cooperate with the government to ensure a cleaner, safer, and more sustainable Lagos.

• Tokunbo Wahab
The Lagos State Government has announced the commencement of full enforcement of the ban on the use and distribution of Single-Use Plastics (SUPs) across the state, effective July 1, 2025.
Mr. Tokunbo Wahab, the Commissioner for the Environment and Water Resources, made the announcement on Tuesday during a media briefing held at Alausa, Ikeja.
He emphasized that offenders will be prosecuted in line with the State’s Environmental Laws.
Wahab stated that the decision to enforce the ban follows an 18-month transition period granted to residents, manufacturers, and vendors to adjust and adopt more sustainable alternatives.
“The decision to ban Single-Use Plastics in Lagos was not arbitrary. It was an existential one, influenced by multiple factors,” he said.
Wahab explained that Lagos, a coastal city situated below sea level with the smallest land mass in the country—just 3,575 square kilometers—houses about 10 percent of Nigeria’s population.
“That alone is a recipe for environmental crisis. We did not just wake up whimsically and choose to ban styrofoam food packs in 2024.
We had always stated that within the next 12 months, all single-use plastics would follow.
Now, nearly 18 months later, we believe ample time has been given for all to transition. Enforcement starts July 1, and heavens will not fall.
Banned Items and Reasons
Styrofoam Packs: Banned due to their non-biodegradable nature and harmful environmental impact.
Plastic Straws: Prohibited to reduce plastic waste and promote eco-friendly alternatives.
Disposable Plastic Cups and Cutleries: Banned to curb single-use plastic pollution.
Lightweight Nylon Bags: Outlawed because they are not reusable or biodegradable, contributing significantly to environmental degradation.
Wahab called on the public, particularly business owners, food vendors, and market traders, to cooperate with the government to ensure a cleaner, safer, and more sustainable Lagos.
Business
BREAKING: Dangote refinery Reduces petrol price from N880 to N840 per litre

….New rate takes effect from June 30.
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre.
Anthony Chiejina, the Spokesman for the Dangote Group, confirmed the price adjustment on Monday night.
Chiejina said the new rate took effect on June 30.
He said, “PMS price has been reduced from N880 to N840 per litre effective 30th June,.
Recall that Dangote refinery hiked the price of petrol to N880 as tension escalated during the 12-day crisis between Israel and Iran, raising the price of crude oil to almost $80 per barrel.
Also, marketers anticipated that there would be a new price regime from Monday.
Dangote’s partners like MRS, Heyden and AP are expected to adjust their pump prices soon.
Business
FG Suspends Implementation of Financial Reporting Council (Amendment) Act 2023
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the decision in a release on Monday.

• Minister of Industry, Trade and Investment, Dr Jumoke Oduwole
The Federal Government has suspended the implementation of contentious provisions in the Financial Reporting Council (Amendment) Act 2023 following concerns raised by private sector stakeholders.
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the decision in a release on Monday.
She said that it followed a series of high-level consultations with key industry groups.
These include the Nigeria Employers’ Consultative Association (NECA), the Association of Licensed Telecommunications Operators of Nigeria (ALTON), and the Oil Producers Trade Section (OPTS).
At the heart of the concerns is the reclassification of large private companies as Public Interest Entities, requiring them to remit annual dues between 0.02 and 0.05 percent of turnover without a ceiling.
This is in contrast to the ₦25 million cap placed on publicly listed companies regardless of their size.
Stakeholders warned that the provision could increase compliance costs and hurt investor confidence.
But the minister said the policy was part of President Bola Ahmed Tinubu’s pro-business posture under the 8-Point Agenda and has responded with practical measures.
She explained that a stakeholder consultation was held on March 26, 2025, leading to an administrative pause and the formation of a Technical Working Group.
The group, she noted, comprised representatives from NECA, MAN, ALTON, NACCIMA, CAC, SEC, and others and held six meetings over three weeks that culminated in the submission of a comprehensive report on April 17, 2025.
“To provide immediate relief, the Ministry has now directed the Financial Reporting Council to impose an interim cap of ₦25 million on annual dues for private sector PIEs, aligning them with the publicly quoted companies.
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