Lagos State is positioning itself as a model for sustainable urban growth, leveraging smart planning, disciplined capital allocation, and strong institutional frameworks to attract long-term property investment, create jobs, and improve living standards.
Speaking at BusinessDay’s Property Investment and Smart Cities Conference, themed ‘Property Investment in an Era of Capital Discipline’ on Wednesday, Oluyinka Abiodun, Lagos state commissioner, ministry of physical planning and urban development, said that the state aims to change the landscape of property investments and build confidence among investors, through transport-oriented projects, smart city infrastructure, and public-private partnerships.
Abiodun said these measures are designed to give investors confidence, reduce risks, and create a property market that is both profitable and socially inclusive.
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“We are investing heavily on our transport logistics, so people can live in areas their salary can afford and commute to work efficiently.
“Smart infrastructure, green and sustainable real estates, commercial and industrial estates, together they create an environment that attracts capital,” he said.
Abiodun added that Lagos enforces development compliance through the Lagos State Building Control Agency (LASBCA), ensuring buildings are constructed as approved, reducing risks like collapse, with planning certainty and institutional trust that is best for investment.
“To guarantee investors, the three key things that we follow in Lagos are predictability, certainty, and trust in the institution.
“Planning certainty and institutional trust, if you add the two of them together, gives you investability,” he said.
Babajide Sanwo-Olu, governor of Lagos state, during his goodwill message, emphasised the need for capital discipline, which is not just about spending less but investing wisely in projects delivering economic, social, and environmental value.
Sanwo-Olu, who was represented by Moruf-Akinderu Fatai, Lagos state commissioner, ministry of housing, stressed that disciplined property investment drives job creation, affordable housing, and long-term urban resilience, supported by public-private partnerships and smart infrastructure initiatives.
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“Disciplined investment can close housing gaps, improve living standards, and strengthen urban resilience.
“Smart city projects, including intelligent transport systems, digital mapping, and data-driven planning, are designed to enhance efficiency, reduce risk, and safeguard investments in the state,” Fatai said.
He further said that legacy is defined by systems built with transparency, discipline, resilience, and inclusive growth, which makes Lagos to remain competitive, livable, and investment-ready.
“The government plays a key role in reducing uncertainty through transparent approvals, land administration, and aligning infrastructure with growth corridors.
“Sustainability and climate resilience are framed as investment safeguards, not just environmental measures,” Fatai said.
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