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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
News
FG Jails Ex-minister Mamman 75 years for N33.8bn fraud
Furthermore, the court ordered the forfeiture of various foreign currencies that were recovered from the convict, as well as four choice property in Abuja that were traced to him.
Former Minister of Power, Saleh Mamman, has been sentenced to 75 years in prison for having stole public funds totalling about ₦33.8 billion.
Mamman was sentenced on Wednesday, 13 May, 2026, by the Federal High Court sitting in Abuja.
The court, in the judgment delivered by Justice James Omotosho, convicted and sentenced him on all 12 counts of fraud and money laundering charges preferred against him by the Economic and Financial Crimes Commission (EFCC).
Whereas he was handed seven years each on 10 counts of the charge, the court jailed him for three years and two years on counts four and five of the charge.
Justice Omotosho held that the sentence should run consecutively without the option of fine except on count four which he allowed the payment of N10 million fine.
Furthermore, the court ordered the forfeiture of various foreign currencies that were recovered from the convict, as well as four choice property in Abuja that were traced to him.
News
Senator Oluremi Tinubu Flags Off Menstrual Hygiene Campaign in Benue
..….Urges support for girl child
The wife of the President of Nigeria and Founder of the Renewed Hope Initiative, Oluremi Tinubu, has launched the “Flow with Confidence” Menstrual Hygiene Campaign Programme in Benue State, with a call for collective action towards empowering school girls through proper menstrual hygiene management and access to sanitary products.
The programme, held at the Old Banquet Hall, Government House Makurdi, was organised under the Renewed Hope Initiative with the theme, “Empowering School Girls through Menstrual Hygiene.”
In her address, delivered by the Benue State Coordinator, Office of the First Lady and Renewed Hope Initiative State Coordinator, Scholastica Ben-Sor, Senator Oluremi Tinubu said no girl should be forced to miss school because she cannot afford sanitary pads.
The First Lady described the situation where girls resort to unsafe alternatives or stay away from school during menstruation as unacceptable, especially in rural communities, stressing that the intervention was designed to restore dignity, confidence and educational continuity for young girls across the country.
She disclosed that the Renewed Hope Initiative would distribute one-year supplies of disposable sanitary pads to 370,000 school girls in rural communities nationwide, with each state and the Federal Capital Territory receiving 10,000 packs for distribution through State First Ladies and RHI Coordinators.
According to her, the initiative is aimed at supporting girls who are unable to afford sanitary products, while also promoting proper reproductive health and hygiene.
Senator Tinubu revealed that the Renewed Hope Initiative expended over N2.5 billion in procuring the customised disposable sanitary pads from a local manufacturing company, Uniglory Nigeria Limited, Ikorodu, Lagos State, and appealed to corporate organisations, agencies and well-meaning Nigerians to support the programme.
She urged Local Government Chairmen and their wives to take ownership of the intervention and ensure that the sanitary pads reach deserving girls in rural communities, warning that the items must not be sold under any circumstance.
The First Lady also called on traditional, religious and community leaders to monitor the distribution process and support efforts aimed at helping girls grow into responsible and informed adults.
Addressing the beneficiaries, she encouraged the girls to remain focused on their education, support one another and never allow stigma associated with menstruation to diminish their confidence.
“I believe in you because you are the future of this nation,” she stated, as she formally flagged off the distribution of the “Flow with Confidence” Menstrual Hygiene Packs.
Earlier in her opening remarks, Hon. Scholastica Ben-Sor welcomed participants to the programme and described the Renewed Hope Initiative as a people-oriented intervention covering health, education, agriculture, social investment and economic empowerment
She urged the participants, especially the wives of Local Government Chairmen, to pay close attention to the message of the First Lady and ensure the intervention reaches vulnerable girls at the grassroots.
Hon. Ben-Sor explained that her office had resolved to sustain the initiative annually in Benue State by complementing the sanitary pad distribution programme to reach more beneficiaries, including girls in government secondary schools, Internally Displaced Persons camps and rehabilitation centres for children with special needs.
In her remarks, wife of the Benue State Deputy Governor, Christy Sam Ode, represented by Hon. Mrs Patience Erube, described menstruation as a natural part of womanhood that should never attract shame or stigma.
She encouraged the girls to carry themselves with dignity and confidence, while paying attention to lessons on menstrual hygiene and self-care.
Different lectures and goodwill messages from health professionals and wives of chairmen of local government areas in Benue State were received at the occasion.
The event also featured an interactive session during which the school girls asked questions and sought clarifications on issues relating to menstrual hygiene, and personal safety, with the keynote speakers providing detailed responses and guidance.
News
INEC Moves to Upgrade Staff Healthcare Facilities, Welfare
The Chairman of the Independent National Electoral Commission, Joash Amupitan, has announced plans to improve healthcare services and staff welfare through the renovation of existing clinic facilities and the acquisition of a larger healthcare centre for workers of the Commission.
Prof. Amupitan made this known during the grand finale of the 2026 International Nurses Week celebration held at the INEC Headquarters in Abuja.

Speaking at the event themed “Our Nurses, Our Future: Empowered Nurses Save Lives,” the INEC Chairman disclosed that the decision followed reports on the poor state of the Commission’s clinic facilities.
According to him, due process for the renovation of the Kubwa Clinic has already commenced after an assessment report was submitted to management.
Prof. Amupitan also revealed that the Commission is making arrangements to acquire a bigger clinic facility in Area 10, Abuja, to further strengthen healthcare delivery for staff.
He stressed that the nature of INEC’s operations exposes employees to significant risks, making access to quality healthcare and welfare support essential for a productive workforce.

The INEC Chairman described nurses as the backbone of healthcare delivery and commended their dedication, professionalism, and compassion in caring for people across different sectors of society.
He assured nurses and staff of the Commission’s commitment to improving welfare despite existing challenges and urged medical personnel attached to INEC to continue monitoring the health of workers and management staff.
In her remarks, National Commissioner and Chairman of the Health and Welfare Committee, Rhoda Gumus, described nursing as a valuable profession to humanity and praised nurses for their contributions to healthcare delivery, disease prevention, and community wellbeing.

Other goodwill messages delivered at the event also highlighted the critical role nurses play in sustaining effective healthcare services.
The Registrar and Chief Executive Officer of the Nursing and Midwifery Council of Nigeria, Ndagi Alhassan, said that the theme of the 2026
celebration reflects a major policy direction aimed at strengthening the nursing profession in Nigeria.
Highlights of the ceremony included tributes to Florence Nightingale, presentation of awards to top INEC officials, and recognition of retired nurses for their meritorious service to the Commission.
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