In Lagos, real estate is more than just business, it’s a contest of ambition, access, and opportunity. From the gleaming towers of Ikoyi to the fast-growing estates of Ibeju-Lekki, property has become the city’s most visible symbol of power and prosperity. Every square metre tells a story of aspiration, where land and location translate directly into influence and wealth.
Yet behind the billion-naira deals and glittering high-rises lies a deep divide. Developers continue to target the affluent, building luxury apartments and gated estates, while millions of residents still struggle to find affordable housing. The result is a widening gap between those who profit from Lagos’ real estate boom and those left on the margins of the market.
The city’s property sector remains a study in contrasts surging investment inflows, expanding urban landscapes, and an unrelenting housing shortfall. As Lagos grows upward and outward, its real estate story continues to mirror both the promise and the paradox of urban development in Africa’s largest city.
Source: Business Day
By: Adenike Alao
