Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, has reaffirmed his administration’s resolve to position Lagos as a globally competitive, safe, and investor-friendly megacity, driven by infrastructure investment, innovation, and the delivery of affordable housing.
The Governor stated this while delivering the keynote address at the 6th Lagos Real Estate Marketplace Conference and Exhibitions, held on Tuesday, organised by the Lagos State Real Estate Regulatory Authority (LASRERA) under the Office of the Special Adviser to the Governor on Housing on Tuesday, at Eko Hotel and Suites, Lagos, with the theme “Shaping the Future of Lagos Mega City: Infrastructure Investment, Innovation and Affordable Housing.”
Governor Sanwo-Olu described the conference as a strong demonstration of sustained global confidence in Lagos, noting that the State has continued to redefine possibilities in Africa through strategic governance, bold reforms, and long-term planning.
He highlighted Lagos’ growing population, youthful workforce, and expanding middle class as major drivers of real estate and infrastructure opportunities.
Sanwo-Olu emphasised that Lagos has continued to invest heavily in roads, bridges, mass transit systems, digital infrastructure, and urban renewal projects to prepare the state for future growth.
The Governor commended LASRERA for sustaining the platform, which he described as the “marketplace where ideas meet policy, capital meets opportunity”, and vision meets implementation.
Speaking earlier, the Honourable Commissioner for Housing described the conference as a global platform for addressing critical issues around real estate development and affordable housing. He noted that the strong presence of international investors further affirms Lagos’ rising status on the global real estate stage.
According to him, Lagos has moved beyond vision to implementation, with the Ministry of Housing firmly committed to delivering affordable housing solutions that meet the needs of its growing population. He charged stakeholders to focus on practical, implementable, and market-ready solutions that would translate discussions into real outcomes.
In her welcome address, the Special Adviser to the Governor on Housing, Barrister Barakat Odunuga-Bakare, described the conference as more than an annual gathering, but a strategic platform for forging global partnerships aimed at delivering sustainable housing solutions for Lagos’ rapidly growing megacity.
She noted that the presence of delegates from diverse countries reflects the universal nature of urban development challenges and Lagos’s attractiveness as an investment destination.
Barr. Odunuga-Bakare highlighted that the Lagos Real Estate Marketplace has consistently served as an intellectual hub for practitioners and investors, with outcomes from previous editions already translating into tangible policy and regulatory reforms.
She outlined several initiatives implemented by the State Government following the 2024 conference, including the proposed New Tenancy Bill currently before the Lagos State House of Assembly, expanded regulatory processes to improve transparency, increased public awareness on engaging licensed practitioners, and sustained stakeholder engagement to strengthen compliance across the sector.
She further explained that the 2025 theme aligns with Lagos State’s bold development agenda, noting that the conference was designed to harmonise global expertise, regional opportunities, and local realities in shaping the future of the state.
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