Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, has unveiled strong policy reforms aimed at positioning Lagos as a globally competitive and investor-friendly megacity, driven by infrastructure investment, innovation and affordable housing delivery.
Eko Hot News reports that the governor made this known while delivering the keynote address at the 6th Lagos Real Estate Marketplace Conference and Exhibitions held at Eko Hotel and Suites, Victoria Island, Lagos.
The conference was organised by the Lagos State Real Estate Regulatory Authority (LASRERA) under the Office of the Special Adviser to the Governor on Housing, with the theme, “Shaping the Future of Lagos Mega City: Infrastructure Investment, Innovation and Affordable Housing.”
Sanwo-Olu described the event as a strong signal of sustained global confidence in Lagos, noting that strategic governance, policy reforms and long-term planning continue to redefine development possibilities in Africa.
He identified Lagos’ growing population, youthful workforce and expanding middle class as key drivers of opportunities in real estate and infrastructure development.
The governor stated that the state has continued to make massive investments in roads, bridges, mass transit systems, digital infrastructure, and urban renewal projects to prepare Lagos for future growth.
Sanwo-Olu commended LASRERA for sustaining the conference platform, describing it as a marketplace where ideas meet policy, capital meets opportunity and vision translates into implementation.
Earlier, the Commissioner for Housing described the conference as a global platform for addressing critical real estate and affordable housing challenges.
He said the strong presence of international investors affirmed Lagos’ rising profile on the global real estate stage.
The commissioner noted that the state has moved from vision to implementation, with a firm commitment to delivering practical and market-ready affordable housing solutions.
In her welcome address, the Special Adviser to the Governor on Housing, Barrister Barakat Odunuga-Bakare, described the conference as a strategic platform for building global partnerships to deliver sustainable housing solutions.
She said the participation of delegates from different countries reflected the universal nature of urban development challenges and Lagos’s attractiveness as an investment destination.
Odunuga-Bakare disclosed that outcomes from previous editions of the conference had translated into tangible policy and regulatory reforms.
She listed key initiatives arising from the 2024 conference, including the proposed New Tenancy Bill before the Lagos State House of Assembly, expanded regulatory frameworks, improved transparency, and increased public awareness on engaging licensed practitioners.
She added that the 2025 theme aligns with Lagos State’s development agenda and was designed to harmonise global expertise, regional opportunities and local realities.
