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Top 10 Places Where Smart Money Flows in Lagos Real Estate in 2024, by Dennis Isong.
Last week, my friend Chidi called me in a panic. “Bros, I just inherited ₦50 million from my extremely wealthy uncle, and my wife wants us to buy land in Banana Island!” he exclaimed.
I couldn’t help but laugh. “Chidi,” I replied, “with ₦50 million, you can’t even buy a decent-sized parking space in Banana Island.”
That’s the reality of Lagos real estate – a market where dreams meet practicality, and smart investors look beyond the obvious.
As Lagos continues its relentless expansion, new investment opportunities are emerging in previously overlooked areas.
Let’s explore the top 10 real estate investment hotspots that promise significant returns in 2024.
1. Sangotedo
Once considered the backwoods of Lekki, Sangotedo has transformed into a real estate goldmine.
With the completion of several major road networks and the presence of notable institutions like the Lagos Business School, property values here have appreciated by over 40% in the last two years.
The area offers a perfect blend of residential and commercial opportunities, with land prices still reasonable enough for medium-scale investors.
2. Ikorodu
North Don’t roll your eyes just yet! Ikorodu North, particularly around Ijede Road, is experiencing unprecedented development.
The ongoing road expansion project and the proposed Fourth Mainland Bridge access point have triggered a surge in property values.
Early investors are already reaping rewards, with some reporting up to 60% appreciation in just 18 months.
3. Epe
The quiet transformation of Epe into a major industrial hub is perhaps Lagos’s best-kept real estate secret.
With the Lekki Deep Sea Port now operational and the Dangote Refinery nearby, Epe’s real estate market is on steroids.
Focus on areas around the Lekki-Epe Expressway and the new Epe Resort Road.
4. Badagry
History is repeating itself in Badagry, but this time with property values.
The completion of the Lagos-Badagry Expressway project has opened up unprecedented opportunities. International investors are quietly acquiring large land parcels here, particularly around the Free Trade Zone area.
The planned seaport project makes this a long-term investment goldmine.
5. Abijo GRA
Situated between Ajah and Ibeju-Lekki, Abijo GRA represents the new face of luxury suburban living in Lagos.
The area benefits from excellent infrastructure and proximity to major developments along the Lekki corridor. Property values here have shown consistent appreciation, with a remarkable 35% increase in the past year alone.
6. Isheri North
This area’s transformation from a flood-prone zone to a prime real estate location is nothing short of miraculous. Improved drainage systems and the completion of several estate projects have boosted investor confidence.
The proximity to both Lagos and Ogun states makes it a unique investment opportunity.
7. Bogije
Located along the Lekki-Epe Expressway, Bogije is experiencing a real estate renaissance.
The area benefits from its strategic location between developed Ajah and the industrial hub of Ibeju-Lekki.
Land prices here are still relatively affordable, making it attractive for both individual and institutional investors.
8. Agbowa
Don’t let the distance fool you. Agbowa is emerging as Lagos’s new industrial frontier.
The state government’s focus on developing this area as an industrial hub has sparked interest from real estate investors.
Early birds here stand to gain significantly as industrial development drives residential and commercial property demand.
9. Alimosho
As Lagos’s largest local government area, Alimosho continues to offer diverse real estate opportunities. The focus areas are around Ikotun-Igando and Ayobo-Ipaja axes, where improved road networks and the proposed rail line are driving property appreciation.
The high population density ensures steady rental income for residential properties.
10. Ibeju-Lekki
Despite being an obvious choice, Ibeju-Lekki deserves its spot on this list.
The area around the Lekki Free Trade Zone continues to appreciate, driven by industrial developments and improved infrastructure. However, smart investors are now looking at secondary locations within Ibeju-Lekki, particularly areas around Eleko Junction and Akodo.Investment
As Lagos continues its march toward becoming Africa’s premier megacity, these locations offer varying degrees of opportunity for different categories of investors.
Tips:
● Due diligence is crucial. Always verify land titles and obtain necessary documentation.
● Consider infrastructure development plans when making investment decisions.
● Long-term holds typically yield better returns in Lagos real estate.
● Partner with reputable real estate professionals for guidance.
● Keep an eye on government policies and development plans.
Remember Chidi? He eventually invested in two plots in Sangotedo instead of chasing the Banana Island dream.
Six months later, a major tech company announced plans to build their campus nearby, and his property value jumped by 25%. Sometimes, the best investment opportunities aren’t in the most obvious places.
As Lagos continues its march toward becoming Africa’s premier megacity, these locations offer varying degrees of opportunity for different categories of investors.
Whether you’re looking for quick appreciation or steady long-term growth, understanding these hotspots’ unique characteristics and growth drivers is crucial for making informed investment decisions.
The key to success in Lagos real estate remains the same: buy where development is going, not where it has been. As we navigate through 2024, these areas represent the sweet spot where opportunity meets affordability, promising significant returns for discerning investors.
▪︎Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041
The Police Service Commission (PSC) has promoted seven Assistant Inspectors-General of Police (AIGs) to the rank of Deputy Inspectors-General of Police (DIGs) in a strategic move to bolster the leadership cadre of the Nigeria Police Force (NPF).
The promotions, announced on Friday, March 6, 2026, followed a thorough evaluation process involving merit-based assessments, seniority considerations, service records, written examinations, and oral interviews held at the PSC’s Corporate Headquarters in Abuja.
The newly elevated officers are:
– Zachariah Fera Achinyan, fdc (formerly AIG Zone 4, Makurdi)
– Zango Ibrahim Baba (formerly AIG Department of Logistics and Supply)
– Isyaku Mohammed (formerly AIG Armament, Force Headquarters, Abuja)
– Margaret Agebe Ochalla (formerly AIG FCID Annex, Lagos)
– Mohammed Abdul Sulaiman, mni (formerly AIG Police Accounts and Budget, Force Headquarters, Abuja)
– Kenechukwu Onwuemelie (formerly AIG Zone 15, Maiduguri)
– Umar Shehu Nadada, mni (formerly AIG Zone 14, Katsina)
These elevations come on the heels of the recent confirmation of DIG Fayoade Adegoke to the substantive rank of DIG, positioning him to join the Force Management Team.
The PSC noted that the promotions are essential to address vacancies arising from the retirement of eight DIGs who previously held key strategic roles.
In a statement, PSC Chairman, retired DIG Hashimu Salihu Argungu, congratulated the promoted officers and charged them to justify the trust placed in them by upholding the highest standards of professionalism.
He emphasized the importance of prioritizing national security and fostering stronger collaboration with the Commission to advance ongoing reforms and development within the NPF.
The development is seen as part of broader efforts to refresh senior leadership in the force amid recent retirements, including that of prominent DIG Frank Mba and others, ensuring continuity and strengthened operational capacity.
President Bola Ahmed Tinubu has approved the postings of 31 career and 34 non-career ambassadors to various countries and the United Nations.
The Senate confirmed the ambassadors-designate last December.
POSTINGS OF NON-CAREER AMBASSADORS / HIGH COMMISSIONERS
S/N NAME MISSION APPROVED
1. SENATOR GRACE BENT: LOME-TOGO
2. SEN. ITA ENANG: SOUTH AFRICA
3. IKPEAZU VICTOR: SPAIN
4. NKECHI LINDA UFOCHUKWU: TEL-AVIV, ISRAEL
5. MAHMUD YAKUBU: QATAR
6. PAUL OGA ADIKWU: THE VATICAN CITY HOLY SEE
7. VICE ADMIRAL IBOK-ETE EKWE IBAS: THE PHILIPPINES
8. MR. RENO OMOKRI: MEXICO CITY, MEXICO
9. HON. (ENGR.) ABASI BRAIMAH (FMHR): BUDAPEST, HUNGARY
10. MRS. ERELU ANGELA ADEBAYO: PORTUGAL
11. BARR. OLUMILUA OLUWAYIMIKA AYOTUNWA: TOKYO, JAPAN
12. RT. HON. UGWUANYI IFEANYI LAWRENCE: ATHENS, GREECE
13. BARR. CHIOMA PRISCILLA OHAKIM: WARSAW, POLAND
14. AMINU DALHATU: UNITED KINGDOM, UK
15. LT. GEN ABDULRAHMAN BELLO DAMBAZAU: BEIJING, CHINA
16. HON. TASIU MUSA MAIGARI: GAMBIA
17. OLUFEMI PEDRO: AUSTRALIA
18. BARR. MUHAMMED UBANDOMA ALIYU: ARGENTINA
19. LATEEF KAYODE ARE: USA
20. AMB. JOSEPH SOLA IJI: RUSSIA
21. SEN. JIMOH IBRAHIM: UN PERMANENT REPRESENTATIVE
22. FEMI FANI KAYODE: GERMANY
23. PROF. ISAAK FOLORUNSO ADEWOLE: OTTAWA, CANADA
24. AJIMOBI FATIMA FLORENCE (F): AUSTRIA
25. MRS. LOLA AKANDE (F): SWEDEN
26. AYODELE OKE: FRANCE
27. YAKUBU N. GAMBO: SAUDI ARABIA
28. SENATOR PROF. NORA LADI DADUUT: SEOUL, SOUTH KOREA
29. BARR. ONUEZE CHUKWUJIKA JOE OKOCHA SAN: DUBLIN
30. DR. KULU HARUNA ABUBAKAR: TUNIS, TUNISIA
31. RT. HON. JERRY SAMUEL MANWE: PORT OF SPAIN.
T&T POSTINGS OF CAREER AMBASSADORS / HIGH COMMISSIONERS LIST
S/N NAME MISSION APPROVED
1. AMB. NWABIOLA EZENWA CHUKWUMEKA: COTE D’IV/OIRE
2. BESTO MAIMUNA IBRAHIM: NIAMEY-NIGER
3. MONICA OKWUCHUKWU ENEBECHI: SAO TOME, STP
4. AMB. MOHAMMED MAHMUD LELE: ALGIERS-ALGERIA
5. ENDONI SYNDOPH PAEBI: OUAGADOUGOU-BURKINA FASO
6. AHMED MOHAMMED MONGUNO: CAIRO EGYPT
7. AMB.JANE ADAMS (NEE OKON) MICHAEL (F): KINGSTON-JAMAICA
8. AMB. CLARK-OMERU ALEXANDRA (F): LUSAKA-ZAMBIA
9. CHIMA GEOGGREY LIOMA DAVID: BAMAKO-MALI
10. AMB. ODUMAH YVONNE EHINOSEN: MALABO –E/GUINEA
11. AMB WASA SEGUN IGE: BEIRUT, LEBANON
12. RUBEN ABIMBOLA SAMUEL (F): ROME, ITALY
13. AMB.ONAGA OGECHUKWU KINGSLEY: MAPUTO, MOZAMBIQUE
14. AMB.MAGAJI UMAR: KINSASHA, DR CONGO
15. AMB.MUHAMMAD SAIDU DAHIRU: NEW DELHI-INDIA
16. AMB. ABDUSSALAM HABU ZAYYAD: DAKAR-SENEGAL
17. AMB SHEHU ILU BARDE: ACCRA GHANA
18. AMB.AMINU NASIR: ETHIOPIA
19. ABUBAKAR MUSA MUSA: N’DJAMENA, CHAD
20. AMB. HAIDARA MOHAMMED IDRIS: THE HAGUE-NETHERLANDS
21. AMB.BAKO ADAMU UMAR: RABAT-MOROCCO
22. AMB. SULU GAMBARI OLATUNJI AHMED: MALAYSIA
23. AMB.ROMATA MOHAMMED OMOBOLANLE (F): TANZANIA
24. AMB. SHAGA JOHN SHAMAH: BOTSWANA
25. SALAU, HAMZA MOHAMMED: TEHRAN, IRAN
26. AMB.IBRAHIM DANLAMI: KENYA
27. IBRAHIM ADEOLA MOPELOLA (F): COTONOU-BENIN
28. AMB.AYENI ADEBAYO EMMANUEL: BRUSSELS, BELGIUM
29. AMB.AKANDE WAHAB ADEKOLA: BERNE-SWITZERLAND
30. AMB. AREWA (NEE ADEDOKUN) ESTHER (F): WINDHOEK-NAMIBIA
31. AMB.GERGADI JOSEPH JOHN: LIBREVILLE-GABON
32. AMB. LUTHER OGBOMODE AYO-KALATA (F): SIERRA LEONE
33. DANLADI YAKUBU NYAKU : KHARTOUM-SUDAN
34. BELLO DOGON-DAJI HALIRU: BANGKOK, THAILAND
The Ministry of Foreign Affairs has already received agrément from the United Kingdom for the High Commissioner-designate, Ambassador Aminu Dalhatu. Similarly, France has sent the agrément for Ambassador Ayo Oke.
The Ministry has also conveyed the nominations of the other 62 designated envoys to all the countries concerned, including a request for their agreements in line with standard diplomatic practice.
President Tinubu has directed that the Ministry of Foreign Affairs should immediately commence the induction programme for the ambassadors-designate and High Commissioners.
News
Political Thugs Set Rivers ADC Office On Fire
Ubima is the country home of the former Minister of Transportation, Chibuike Amaechi.
Suspected political thugs have set ablaze the office of the African Democratic Party (ADC) at Ubima Community, Ikwerre Local Government Area of Rivers State.
Ubima is the country home of the former Minister of Transportation, Chibuike Amaechi.
The political thugs also attacked the Minister’s Community with heavy firepower, shooting sporadically in the area.
Amaechi,a two times governor of Rivers state between 2007 to 2015 is one of the leaders of the ADC, the political party seeking to unseat President Bola Ahmed Tinubu in 2027.
Meanwhile, Amaechi is expected to visit Ubima , Friday, to officially register with the ADC at the ward level.
The thugs reportedly invaded the community, Thursday night, shooting heavily and setting the party Secretariat on fire.
Locals say the thugs may have caused the panic in the community to scare people from coming out to welcome the former governor of the state who is visiting the party office in his ward for official registration with the ADC.
They reportedly reappeared Friday morning mounting Road block on the Omuawa-Ubima toad stopping every bus with ADC banner from entering the community.
Meanwhile,intervention from security operatives mobilised to the area is said to have restored normalcy.
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