Deputy Governor Highlights New Infrastructure Corridors to Drive Investment

Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, represented by the Deputy Governor, Dr. Kadri Obafemi Hamzat, has reaffirmed the state’s commitment to urban expansion and economic growth. Speaking at the 6th Lagos Real Estate Marketplace Conference & Exhibitions held at Eko Hotel and Suites, the Deputy Governor detailed the administration's aggressive strategy to open new corridors and invest heavily in infrastructure. This initiative is designed to simplify business processes for serious investors and create a more transparent environment for large-scale development.

​The administration’s vision aligns with the national "Renewed Hope Agenda" championed by President Bola Ahmed Tinubu, focusing on housing delivery and private-sector-led growth. Dr. Hamzat emphasized that the state is actively improving land administration and accelerating approval processes to ensure a stable, predictable climate. By fostering these improvements, Lagos aims to transform the real estate sector from mere construction into a catalyst for community building and sustainable economic opportunities.

​A significant focus of the conference was the role of the Nigerian diaspora in the state’s developmental roadmap. Mr. Jermaine Sanwo-Olu, Executive Secretary of the Lagos State Office of Diaspora Affairs, highlighted that the government is currently developing diaspora-friendly real estate projects. He described the diaspora as a vital catalyst for development, noting that these specialized projects are intended to provide secure and lucrative investment channels for Nigerians living abroad.

​The private sector's confidence in this vision was echoed by Access Bank Plc, which announced its readiness to partner with the state government. Ms. Omolade Osibo, Group Head of Financial Institutions at Access Bank, revealed that the bank is supporting the delivery of 100,000 affordable housing units nationwide. This partnership aims to bridge the significant housing deficit in Lagos through public-private collaborations, ensuring that the city's rapid population growth is met with quality, accessible accommodation..

the Special Adviser to the Governor on Housing, Barr. Barakat Odunuga-Bakare, positioned Lagos as the premier destination for real estate investment in Africa. She assured potential investors of robust returns and long-term value, citing the state's stable investment climate and infrastructure upgrades as key drivers. The event concluded with a call for collaborative partnerships, emphasizing that Lagos remains open to those who believe in the city’s long-term future and its evolving economic landscape.