Lagos, Nigeria's commercial hub, is experiencing a resurgence in real estate investment interest, thanks to the Lagos-Calabar Coastal Road project. Despite initial concerns, the project's benefits have become apparent, attracting investors and diaspora interest. In this post, we'll explore the advantages of investing in Lagos real estate and highlight trending articles on real estate in Nigeria and the diaspora.
The Lagos-Calabar Coastal Road: A Game-Changer for Lagos Real Estate
Increased Property Value
Improved Connectivity
Enhanced Infrastructure
Boost to Tourism
Economic Growth
Government Support
Trending Articles:
Lagos Now and Before.
The Diaspora Connection:
Nigerians in the diaspora are taking advantage of investment opportunities in Lagos real estate, driven by the potential of the coastal road project. With improved infrastructure and connectivity, the city is becoming an attractive destination for diaspora investment.
Lagos real estate is poised for growth, and the Lagos-Calabar Coastal Road project is a significant catalyst. With government support and increasing interest from the diaspora, now is an excellent time to invest in Lagos real estate.
The Lagos-Calabar Coastal Road project is currently facing challenges, and while it's not entirely suspended, the Federal Government has halted the construction of new road projects, including this one, due to the following
Paucity of funds: The government has cited a lack of funds to proceed with the project as initially planned.
Environmental impact assessment concerns: Stakeholders have raised concerns about the project's potential environmental impact and the need for a thorough assessment.
Procurement violations: There are allegations of procurement violations and a lack of competitive bidding in the project's contract award process.
Public outcry: The project has faced criticism from the public, with many questioning the project's importance and the government's priorities amidst the country's economic challenges.
Demolition concerns: The project's initial alignment would have resulted in the demolition of properties and infrastructure, including submarine cables and workstations, along the Okun-Ajah community axis. However, the government has since diverted the realignment to save these critical infrastructure and properties
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