Business
Top 10 Places Where Smart Money Flows in Lagos Real Estate in 2024 by Dennis Isong.
Top 10 Places Where Smart Money Flows in Lagos Real Estate in 2024 by Dennis Isong.
Last week, my friend Chidi called me in a panic. “Bros, I just inherited ₦50 million from my extremely wealthy uncle, and my wife wants us to buy land in Banana Island!” he exclaimed. I couldn’t help but laugh. “Chidi,” I replied, “with ₦50 million, you can’t even buy a decent-sized parking space in Banana Island.” That’s the reality of Lagos real estate – a market where dreams meet practicality, and smart investors look beyond the obvious.
As Lagos continues its relentless expansion, new investment opportunities are emerging in previously overlooked areas. Let’s explore the top 10 real estate investment hotspots that promise significant returns in 2024.
1. Sangotedo
Once considered the backwoods of Lekki, Sangotedo has transformed into a real estate goldmine. With the completion of several major road networks and the presence of notable institutions like the Lagos Business School, property values here have appreciated by over 40% in the last two years. The area offers a perfect blend of residential and commercial opportunities, with land prices still reasonable enough for medium-scale investors.
2. Ikorodu North
Don’t roll your eyes just yet! Ikorodu North, particularly around Ijede Road, is experiencing unprecedented development. The ongoing road expansion project and the proposed Fourth Mainland Bridge access point have triggered a surge in property values. Early investors are already reaping rewards, with some reporting up to 60% appreciation in just 18 months.
3. Epe
The quiet transformation of Epe into a major industrial hub is perhaps Lagos’s best-kept real estate secret. With the Lekki Deep Sea Port now operational and the Dangote Refinery nearby, Epe’s real estate market is on steroids. Focus on areas around the Lekki-Epe Expressway and the new Epe Resort Road.
4. Badagry
History is repeating itself in Badagry, but this time with property values. The completion of the Lagos-Badagry Expressway project has opened up unprecedented opportunities. International investors are quietly acquiring large land parcels here, particularly around the Free Trade Zone area. The planned seaport project makes this a long-term investment goldmine.
5. Abijo GRA
Situated between Ajah and Ibeju-Lekki, Abijo GRA represents the new face of luxury suburban living in Lagos. The area benefits from excellent infrastructure and proximity to major developments along the Lekki corridor. Property values here have shown consistent appreciation, with a remarkable 35% increase in the past year alone.
6. Isheri North
This area’s transformation from a flood-prone zone to a prime real estate location is nothing short of miraculous. Improved drainage systems and the completion of several estate projects have boosted investor confidence. The proximity to both Lagos and Ogun states makes it a unique investment opportunity.
7. Bogije
Located along the Lekki-Epe Expressway, Bogije is experiencing a real estate renaissance. The area benefits from its strategic location between developed Ajah and the industrial hub of Ibeju-Lekki. Land prices here are still relatively affordable, making it attractive for both individual and institutional investors.
8. Agbowa
Don’t let the distance fool you. Agbowa is emerging as Lagos’s new industrial frontier. The state government’s focus on developing this area as an industrial hub has sparked interest from real estate investors. Early birds here stand to gain significantly as industrial development drives residential and commercial property demand.
9. Alimosho
As Lagos’s largest local government area, Alimosho continues to offer diverse real estate opportunities. The focus areas are around Ikotun-Igando and Ayobo-Ipaja axes, where improved road networks and the proposed rail line are driving property appreciation. The high population density ensures steady rental income for residential properties.
10. Ibeju-Lekki
Despite being an obvious choice, Ibeju-Lekki deserves its spot on this list. The area around the Lekki Free Trade Zone continues to appreciate, driven by industrial developments and improved infrastructure. However, smart investors are now looking at secondary locations within Ibeju-Lekki, particularly areas around Eleko Junction and Akodo.
Investment Tips:
Due diligence is crucial. Always verify land titles and obtain necessary documentation.
Consider infrastructure development plans when making investment decisions.
Long-term holds typically yield better returns in Lagos real estate.
Partner with reputable real estate professionals for guidance.
Keep an eye on government policies and development plans.
Remember Chidi? He eventually invested in two plots in Sangotedo instead of chasing the Banana Island dream. Six months later, a major tech company announced plans to build their campus nearby, and his property value jumped by 25%. Sometimes, the best investment opportunities aren’t in the most obvious places.
As Lagos continues its march toward becoming Africa’s premier megacity, these locations offer varying degrees of opportunity for different categories of investors. Whether you’re looking for quick appreciation or steady long-term growth, understanding these hotspots’ unique characteristics and growth drivers is crucial for making informed investment decisions.
The key to success in Lagos real estate remains the same: buy where development is going, not where it has been. As we navigate through 2024, these areas represent the sweet spot where opportunity meets affordability, promising significant returns for discerning investors.
Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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