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How Lagos smart city projects are transforming real estate investment opportunities in 2025

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How Lagos smart city projects are transforming real estate investment opportunities in 2025

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 2025

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.

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.

By: Dennis Isong

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FG To Build Bamboo Houses For Low And Medium Income Earners

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FG To Build Bamboo Houses For Low And Medium Income Earners

Federal Government says it is embarking on building affordable and durable smart houses for low and medium-income earners across the country using only bamboo plants.

FG said bamboo, with other proven technologies, can provide a scalable solution to the housing needs of Nigeria’s growing population without exploitation of the environment.

The Permanent Secretary, Federal Ministry of Innovation, Science and Technology, Mrs. Esuabana Nko Asanye, who disclosed this in Abuja on Wednesday added that the Nigerian Building and Road Research Institute (NBRRI) Technologies, an agency under the ministry, is embarking on solving the diverse needs within Nigeria’s housing sector using green technologies, and that’s include using only bamboo plant for smart houses.

Mrs. Esuabana, who was represented by the Director Environmental Science Technology (EST), Mrs. Benadette Oguche, made this statement at a One-Day Capacity Building Workshop on the Relevance of Bamboo for Climate-Smart Housing Construction: Integrating Nigerian Building Road Research Institute (NBRRI) Technologies in Reducing Carbon Footprint, in Abuja.

Esuabana explained that by adopting only bamboo plants for smart houses, Nigeria will not only promote environmental sustainability but also ensure that the construction process aligns with principles of adaptability, comfort, and affordability for both low and medium-income earners in the country.

The Permanent Secretary also stated that she believes that the knowledge gained from the workshop would help overcome the challenges that lie ahead, which include high initial capital cost, unstable supply of raw materials, among others.

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Real Estate Achievers Awards and Exhibition 2025 (REAA)

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Real Estate Achievers Awards and Exhibition 2025 (REAA)

Maiden Edition

Theme: Nigeria Real Estate & Construction Industry: Bridging Nigeria’s Housing & Infrastructural Gap Amidst Rapid Population Growth & Infrastructural Decay

Celebrating and honoring 250 Real Estate & Construction Companies in Nigeria.

Celebrating those worthy of Emulation!.

The Largest Gathering of the creme de la creme of the Real Estate & Construction Industry in Nigeria

We are anticipating over 500 Real Estate and Construction practitioners in attendance

Real Estate Achievers Awards and Exhibition 2025 (REAA) would be the number one and authentic annual real estate awards and event, Celebrating Icons of Nigeria’s Real Estate and Construction Industry, those revolutionizing the Real Estate & Construction Industry in Nigeria

Be part of the Real Estate Achievers Awards and Exhibition 2025 to expand your network, engage with Industry peers from across Nigeria fostering valuable connections.

An opportunity to meet 500+ exhibitors showcasing the latest in building designs, materials, technology, machinery, lands and building sites

Connecting with top developers, suppliers, contractors, and investors, an Opportunity to exhibit latest and affordable homes designs to millions of Nigerians within and outside Nigeria under one roof!.

The Award presentation ceremony would be broadcast and televised live to the world on all our social media channels

You also have an opportunity to exhibit and showcase your latest building designs and sites to the audience on our digital screen at the award presentation ceremony.

Participants would be required to provide a HD short video, not more than one minute or HD pictures in a flash drive of projects, houses, new building designs, materials, technology, machinery, electronics, furniture, land and sites. Et ce tera to be televised to the world and audience on the award presentation day

Date: Saturday, August, 3Oth, 2025|10am.

Venue: Lagos Chambers of Commerce and Industry (LCCI)– Alausa. Ikeja.

For Enquiries – Call – 08060429096, 09121749669

Email:[email protected]

For more update – Visit: →www.realestateachievers.com

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TO APPLY FOR LAND USE CHARGE EXEMPTION AS A PENSIONER LIVING IN LAGOS STATE

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TO APPLY FOR LAND USE CHARGE EXEMPTION AS A PENSIONER LIVING IN LAGOS STATE*

As a pensioner in Lagos State, you can apply for exemption from the Land Use Charge (LUC) by following the procedure outlined below.

Under the Lagos State Land Use Charge Law, owner-occupiers who are pensioners (either under the public or private sector) are eligible for exemption.

The steps to take are below:

1. Write an application letter with the following supporting documents:

a. A letter of retirement or proof of being a pensioner

b. A valid means of identification

c. A Utility Bill (e.g., electricity or water bill) showing proof of residence.

d. A copy of the Title Document of the property (e.g., Certificate of Occupancy, Deed of Assignment, or Registered Conveyance).

e. A Sworn Affidavit confirming that the property is owner-occupied and not used for commercial purposes.

2. Submit the Application

Submit the application letter and supporting documents to the Land Use Charge Assessment Office at the Lagos State Ministry of Finance or any LUC office near you.

Ensure you collect an acknowledgment copy of the letter after submission for ease of follow-up.

3. Verification and Approval

The Lagos State Government will review and verify your application.

If successful, you will receive a response that exempts you from paying the Land Use Charge.

Please Note:
The exemption only applies to pensioners who personally reside in the property. If the property is rented out or used for commercial purposes, the exemption will not apply.

The government conducts periodic reviews to confirm continued eligibility for the exemption. If the property has changed status after the exemption has been granted, the exemption can be revoked.

*If you need further assistance, you can visit the Lagos State Land Use Charge Office* .

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