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By Mo. Akeke

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Lagos Government Pushes New Town Development to Ease Housing Crunch

By Mo. Akeke
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Lagos State is leaning into New Town Development as a strategic response to decades of rapid growth, overcrowding, and strained infrastructure. The plan is simple in concept and complex in execution: create well-planned, serviced urban centers outside the old city core so Lagos can grow in a controlled, livable way rather than expand as a chaotic sprawl. The  New Towns Development Authority (NTDA) , established in 1981, leads this initiative. Its goal is to develop  self-contained, sustainable communities  with proper infrastructure, housing, and social amenities rather than allowing unplanned sprawl that has characterized parts of Lagos for decades. NTDA’s stated mission is to “develop new towns with functional infrastructure” and to manage planned growth beyond the already congested metropolitan zones. As NTDA’s website explains, Lagos is small in land area but huge in population , and planned new towns are meant to “open up the semi-rural settings” while providin...
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🚨New Lagos Tenancy Bill 2025: Key Changes Landlords and Tenants Should Know

By Mo. Akeke
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The Lagos State Assembly is currently considering the Tenancy and Recovery of Premises Bill 2025, a  major reform that could dramatically change how rent and tenancy work across the city. The bill passed its second reading on July 10, 2025.  The bill's sponsor has not been publicly named, and as of December 2025, it remains a draft and has not yet been enacted into law . This means its provisions are still under review and are not yet legally binding. Here are the key changes proposed in the bill: Real-estate agents must register with LASRERA, and agency fees are capped at 5% of annual rent (down from the common 10–15%).  New renters cannot be forced to pay more than one year’s rent upfront . Monthly tenants are protected from demands beyond three months’ advance rent . Violations may attract fines or jail time.  The bill criminalizes illegal eviction practices—landlords can no longer cut utilities, block access, or seize property without a court order. O...
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Eko Atlantic Shows Developers How to Win Lagos’ Luxury Market

By Mo. Akeke
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Eko Atlantic has emerged as Lagos’ top-performing luxury residential district, posting a 59.5% sales growth over five years, according to Estate Intel. The data shows prime districts like Ikoyi, Banana Island, Victoria Island, and Oniru also posted strong gains, but Eko Atlantic led the pack. For developers, the message is clear: intentional planning and quality infrastructure drive value. Key Takeaways Master Planning Matters: Buyers are rewarding estates with clear layouts, traffic management, and long-term zoning. Plan like a city. Infrastructure Sells: Beyond finishes, uninterrupted power, water, drainage, digital connectivity, and climate resilience are what attract premium buyers. Scarcity Drives Value: Controlled supply and high building standards maintain long-term appreciation. Don’t flood the market with “just any building.” Facility Management Is Critical: Waste disposal, security, landscaping, maintenance, and transparency influence how buyers perceive value. ...
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