Igbos still scared of Lagos Real Estate Investments? Then, watch this!

Recent demolitions in Lagos, Nigeria, have been significant, affecting various locations and driven by multiple factors.
1. Ajao Estate: The Lagos State Government demolished 13 buildings in Ajao Estate, citing reasons such as illegal occupation, construction along aviation fuel pipelines, and proximity to the Murtala International Airport. These buildings lacked the necessary approvals and posed a significant risk of fire outbreaks from the pipelines
2. Lekki Coastal Road: Demolitions have also occurred along the Lekki Coastal Road, targeting illegal shanties and structures. The state government is committed to urban regeneration, aiming to reclaim spaces that had turned into environmental slums. Similar actions were taken in other areas, such as Ijora Under Bridge, Obalende Under Bridge, and Orile
3. Maryland: The Mendel Estate demolitions were executed as part of an effort to clear obstructions from the System 1 drainage channel, aimed at preventing flooding. According to Lagos State officials, property owners had been served contravention notices since 2021, and subsequent demolition notices were issued in November 2023. These actions were reportedly taken to safeguard the wider community from severe flooding risks. The demolitions have sparked substantial public outcry. Residents have expressed frustration and claimed they were not given adequate notice. Some reported being given just two hours to vacate their properties, although government officials have denied this, asserting that multiple meetings and notifications occurred over several years
4. Lekki: Similar demolitions have taken place, targeting buildings deemed illegally situated, particularly those obstructing drainage channels. These actions, including demolitions in Ikota and Agungi, were also justified by the state government as necessary measures to address flooding issues that have previously caused significant property damage and fatalities.
The demolitions have been controversial, with criticisms from public figures like singer Yemi Alade, who argued that such actions undermine trust in the real estate market and lead to significant financial losses for investors.
The recent demolitions in Lagos, particularly in Igbo-populated areas like Alaba International Market and the Apapa spare parts market, have significantly impacted the Igbo community. Many Igbos believe these actions are targeted against them, leading to concerns about ethnic discrimination and economic marginalization.
The Ohanaeze Ndigbo, the apex Igbo socio-cultural organization, has voiced strong opposition to the demolitions. They describe the actions as part of a systematic pattern targeting Igbo traders, urging the community to consider relocating their businesses back to the South-East to avoid further losses. The organization has called on both President Bola Tinubu and Governor Babajide Sanwo-Olu to intervene and protect the rights and interests of all citizens, regardless of ethnicity “It's unacceptable” - Ohanaeze Ndigbo condemns demolition of Igbo-dominated market in Lagos.
This sentiment is echoed by many Igbo traders who feel vulnerable and targeted. However, the Lagos State Government has denied any ethnic bias, stating that the demolitions are part of a broader urban development and compliance enforcement effort, with some affected buildings reportedly marked for demolition since 2016. Despite these assurances, the perception of targeted actions persists within the Igbo community, exacerbating tensions and fostering a sense of insecurity among Igbo residents in Lagos.
The underlying reasons for these demolitions include non-compliance with urban planning regulations, safety concerns, and the government's broader efforts to maintain orderly development and prevent potential hazards. The state has been proactive in notifying and warning property owners well in advance, but many failed to comply, leading to these drastic measures. Real estate investors can take several proactive steps to avoid their buildings being demolished:
Real estate investors can take several proactive steps to avoid their buildings being demolished:
1. Secure Proper Approvals and Permits
2. Conduct Due Diligence
3. Adhere to Building Codes and Standards
4. Regular Inspections and Maintenance
5. Stay Informed About Zoning and Urban Planning Changes
6. Legal Counsel and Consultation
7. Maintain Clear and Organized Documentation
8. Engage with Local Authorities
9. Plan for Risk Management
10. Invest in Community Development
Real estate investors can avoid demolitions by securing proper permits, conducting thorough due diligence, adhering to building codes, and staying informed about zoning changes. Regular inspections, legal consultation, and maintaining clear documentation are also crucial. Igbo Investors who are still in doubt of Lagos should consider buying Radiant City Estate in this KZread Video. This is the best on KZread.

Пікірлер: 2

  • @Ejiki-ln1tj
    @Ejiki-ln1tjАй бұрын

    No reasonable right thinking Igbo should continue to invest in Lagos after all they said we should and invest in our place.

  • @_wildflower00

    @_wildflower00

    25 күн бұрын

    To an extent, I understand how it feels when certain people referred the Igbos back to their homeland. While some people really said that, we shouldn’t ignore that those who said so said it on baseless claims. The Constitution allows a citizen to own land or property in any part of the Country. The demolitions are not targeted to a particular tribe; there are several reasons why properties face demolitions. However, I put up this video to introduce a good investment back home for our Igbo Community who have given up on Lagos. Investors might want to consider Aba, a very strategic location in Abia State. Giving The Igbos a location they can have rest of mind is the aim of the video. Won’t mind having a chat for a proper conversation with you, sir. Would love to clarify some things for you: +2349134202944. Information can save us from falling Victims of Lagos Demolitions. Thank you ❤

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