Investment, Lagos

Long-term Benefits for Investors of Lagos State’s Right of Way Declaration Along Eti-Osa – Lekki-Epe Expressway 

  • Posted:
  • Modified: April 27th, 2025
Long-term Benefits for Investors of Lagos State’s Right of Way Declaration Along Eti-Osa – Lekki-Epe Expressway

The Lagos State Government’s recent 94 meter Right of Way (RoW) declaration along the Eti-Osa – Lekki-Epe Expressway has sparked mixed reactions among property owners and investors. While some fear short-term disruptions, this infrastructure expansion promises significant long-term benefits for real estate investors in the region. 

This article explores how the Lagos State Right of Way policy will enhance property values, improve connectivity, and create new investment opportunities in one of Nigeria’s fastest growing economic corridors. 

1. Increased Property Values Due to Improved Infrastructure 

The planned 3 lane dual-carriage way, Green Line Rail, and modern drainage systems will transform the Lekki-Epe axis into a premium investment hub. Historically, infrastructure upgrades lead to: 

  • Higher demand for land and housing near transport corridors. 
  • Appreciation of commercial properties (offices, retail spaces, hotels). 
  • Boost in rental yields due to improved accessibility. 

Example: The Lekki-Epe Expressway expansion (Phase 1) led to a 4060% surge in property prices in areas like Ajah, Sangotedo, and Lakowe. A similar trend is expected post completion of this project. 

2. Enhanced Connectivity and Business Growth 

The new expressway and rail line will: 

  • Reduce travel time from Lekki to Epe (critical for businesses and commuters). 
  • Attract corporate investments (industries, tech hubs, logistics parks). 
  • Increase foot traffic for retail and hospitality businesses. 

Investment Hotspots to Watch: 

  • Lekki Free Trade Zone (LFZ): Proximity to Dangote Refinery and Deep Seaport. 
  • Epe: Emerging as an industrial and tourism hub. 
  • Ajah & Sangotedo: Continued residential and commercial growth. 

3. Urban Development and Smart City Opportunities 

The Lagos THEMES+ Agenda emphasizes sustainable urban planning, meaning: 

  • Mixed-use developments (residential, commercial, leisure) will thrive. 
  • Government Private Partnerships (PPP) will drive smart city projects. 
  • Land banking opportunities for investors in future growth zones. 

Key Takeaway: Investors who acquire land outside the RoW but near key nodes (rail stations, interchanges) stand to gain the most. 

The Lagos State Urban and Regional Planning Law (2019) ensures: 

  • Clearer land titles (reducing disputes). 
  • Structured compensation (where applicable). 
  • Controlled development (preventing haphazard construction). 

Investor Advantage: 

  • More secure transactions with governmentbacked urban plans. 
  • Reduced risk of future demolitions (if compliance is ensured). 

5. Rise of New Commercial and Industrial Hubs 

The Eti-Osa – Lekki-Epe corridor is set to become: 

  • A logistics and manufacturing hub (due to proximity to ports). 
  • A tech and startup ecosystem (similar to Yaba’s rise). 
  • A tourism and entertainment destination (beach resorts, event centers). 

Strategic Investment Plays: 

  • Warehousing & Logistics: Near LFTZ and Dangote Refinery. 
  • Co-working Spaces: Catering to remote workers and startups. 
  • Hospitality: Hotels, serviced apartments for business travelers. 

Conclusion: Why Smart Investors Should Act Now 

While the Right of Way declaration may cause temporary market hesitation, the long-term gains far outweigh short-term risks. Investors who: 

  • Acquire land in strategic locations (outside RoW but near infrastructure). 
  • Focus on commercial and mixed-use developments. 
  • Leverage government urban planning policies. 

Next Steps for Investors 

  1. Consult a Real Estate Expert – Identify high growth areas. 
  2. Verify Land Documents – Ensure compliance with state laws. 
  3. Monitor Government Updates – Stay ahead of infrastructure timelines.