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Lagos Tenants To Start Paying Monthly Rent In 2022 —– Sanwo-Olu

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The incessant issue of land grabbing may become a thing of the past anytime soon in Lagos State, as Governor Babajide Sanwo-Olu orders complete excision on untitled land across the State.

The Governor’s directive represents a major turning point in land administration in Lagos, as the exercise would enable the State Government to carry out documented delineation on communal land and land owned by the families. At the end of the exercise, the issues of land grabbing by thugs working for landowners are expected to be curbed.

Sanwo-Olu gave the order at the Lagos Real Estate Market Place Conference and Exhibitions organized by the Lagos State Real Estate Regulatory Authority (LASRERA) at the Eko Hotel and Suites, Victoria Island. The two-day event with the theme: “Lagos: 21st Century Real Estate Investment Hub”, is the second edition to be held by the agency.

Land is a limited asset in Lagos, which is a coastal State. Activities of land-grabbers have created an unpredictable climate in land acquisition in Lagos, robbing private real estate investors and individuals of fortunes.

Sanwo-Olu said a technical committee will be set up to fine-tune the framework for the excision process on untitled land, with the objective to granting Certificate of Occupancy (C-of-O) to landowners for transparent sales of the asset.

The Governor condemned an effort by State officials to frustrate and sabotage the full take-off of the State’s Enterprise Geographic Information System (e-GIS) project initiated to automate approval of land surveys and allocation titles in one talk shop. Sanwo-Olu issued a stern warning, saying he would be ruthless in purging out saboteurs in the ranks of Government.

He said: “One of the issues we are working on is the ownership of land. There is a large parcel of land across Lagos that doesn’t have the Government title.

“It is to announce to this gathering that I’ve made up my mind that we are going to do excision for untitled land. This process will kick off next year and we will set up a committee whose composition will represent all traditional divisions in Lagos. With equity and fairness, we will yield proper titles on all the land, so that the issue of land grabbing can be reduced to the minimum.

“We will also be carrying out genuine reform in our Survey Department. We need to have our e-GIS platform up and running after 10 years that it was initiated. I’m expressing my disappointment in some Government officials sabotaging these efforts. I will look for the culprits and I will be ruthless in meting out punishment. I will ensure these saboteurs have no place in my Government.”

By next year, Sanwo-Olu said a new policy of monthly tenancy on property occupancy would kick off in Lagos. The concept, he said, is not to punish the landlord or reduce the expected revenue of the property owner.

He said monthly tenancy would ease off the pressure of yearly rent on tenants, as the new policy is designed to make people pay their rents according to their monthly earnings. The policy, Sanwo-Olu said, emanated from an agreement reached by the association of tenants, consortium of financiers, and the Government.

Addressing the cause of the high affordability of property in Lagos, the Governor said the State’s partnership with the private sector had raised the housing stock but added that the non-availability of long-tenure mortgage bonds made it impossible for low-income earners to benefit.

The Government, he said, is thinking out of the box to design a financing model that would reduce the burden on mortgage applicants, while also charging real estate developers to reduce the cost of developing property by engaging local competence for skills outsourced to foreigners.

He said: “We should not just build property only for consumers, we must also build skills and integrate them in our built environment to showcase great output. Technical and vocational skills are things we must deliberately harness and reflect in our work. At the end of the day, we must be able to design a housing development and ownership model that is fit for our purpose and peculiar to our local needs.”

Special Adviser to the Governor on Housing, Mrs. Toke Benson-Awoyinka, said real estate remained the most sought-after investment, noting that the market, apart from creating sustainable jobs, also has the highest potential of growing the economy of any nation.

She said the State Government realized the need for investors and consumers to know policies put in place and how the knowledge of all the policies could assist stakeholders in making informed decisions in investing in the real estate market.

Benson-Awoyinka said: “As a Government, we have realized this fact and as such, have been making business-friendly policies that can assist would-be investors and consumers to operate in a conducive business environment. LASRERA has strengthened its efforts to make this sector more vibrant by ensuring that practitioners operate within the ambit of the law.

“The agency has registered over 100 individuals and organizations that approached the Government to regularise their operations with us. We have seen positive results from this undertaking, as the State, through the LASRERA, has resolved several reported cases of fraudulent practices brought to the attention of the agency in a very professional manner.”

As a regulator, the Special Adviser urged investors and consumers to make LASRERA their first point of contact before investing in real estate in any part of Lagos.

There was a panel discussion with the theme: “How the real estate sector can drive social implications and opportunities in Lagos”, moderated by the Commissioner for Economic Planning and Budget, Mr. Sam Egube.

The audience at the conference comprised stakeholders in the built industry, including property developers, landlords, market facilitators and potential property buyers.

The stakeholders agreed that the Government’s primary business in the real estate sector must be the maintenance of rule of law and effective regulations to protect investors and consumers.

Stakeholders also called for improvement in housing finance and the introduction of affordable insurance policies in the sector.

They said LASRERA, as the regulator, should be an enabler that must make the market happen and not be a police in the sector. They urged the Government to resolve issues around the titling of property to bring back confidence in the real estate market.

BIG STORY

ECOWAS Caravan 2025 Highlights Barriers, Builds Support For Women In Cross-Border Trade

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The challenges facing women engaged in cross-border trade across West Africa took centre stage at the ECOWAS Caravan 2025, held at the Federal Palace Hotel, Victoria Island, Lagos, on July 11, 2025.

Launched this year by the Economic Community of West African States (ECOWAS), the Caravan is a transformative empowerment initiative designed to support small-scale women traders in West Africa’s informal trade sector.

The two-week journey followed the Abidjan–Lagos trade corridor, running from June 30 to July 14, with major stops in Abidjan, Lomé, Cotonou, and Lagos, culminating at the ECOWAS Gender Development Centre.

Speaking during the official launch of the Lagos leg and the caravan’s closing ceremony, the ECOWAS Commissioner for Social Affairs and Gender, Professor Fatou Sow Sarr, emphasised the pivotal role women play in the region’s informal economy.

“Women are the lifeblood of informal trade in West Africa… this caravan is about visibility, voice, and value — it’s about shifting narratives and shaping policies that support women where it matters most: on the ground,” she said.

Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, officially launched the Lagos stage of the sensitisation and awareness campaign for small-scale women traders. She described the initiative as a timely and necessary intervention.

“This initiative is a direct response to equip and empower our women, who form the majority of traders along the corridor and represent the backbone of informal cross-border trade across the region.

“These women play a critical role in ensuring food security, creating jobs, and sustaining livelihoods in both border communities and their homes.”

According to Ambrose-Medebem, these women are more than traders; they are economic builders who continue to operate under conditions marked by uncertainty and frequent harassment.

She stressed that the campaign represents a significant step forward, aiming to expand awareness of trade regulations, legal frameworks, and ECOWAS community protocols that govern cross-border commerce.

Speaking to the press, the commissioner noted that the Lagos State Government remains committed to supporting informal sector traders, particularly women entrepreneurs.

“I want to say that Mr Governor, Babajide Sanwo-Olu, approved ₦500 billion for MSMEs under the Lagos State Access to Finance initiative for small businesses through cooperatives at 0% interest,” she disclosed.

The fund, matched by the Bank of Industry with another ₦500 billion, is non-collateralised, features a six-month moratorium, and offers a competitive 9% interest rate.

Dr Chinyere Almona, Director-General of the Lagos Chamber of Commerce and Industry (LCCI), applauded ECOWAS for its commitment to gender equality and regional integration, calling this year’s campaign “symbolic and necessary.”

“For women working in agriculture, fisheries, artisanal value chains, and cross-border trade, their daily grind is not just a livelihood; it’s an act of resilience and enterprise.

“Women traders form the uncelebrated backbone of West Africa’s informal trade economy, representing over 70% of informal cross-border traders and playing an indispensable role in food supply.”

Almona urged governments and stakeholders to invest in institutionalised, continuous capacity building through community-based training hubs in local languages, digitalisation of border procedures, and the creation of mobile-friendly platforms to expedite trade clearance and improve efficiency.

“Women in the informal trade are producing the formal results that is adding to the GDP and creating major employments.”

In her remarks, Princess Omotola Omole, National President of the Federation of Business Women Entrepreneurs (FEBWE), commended ECOWAS for its steadfast support of women.

“ECOWAS has consistently stood with women, ready to support, connect, and empower every woman who dares to dream big and trade to uplift her community,” she said.

Others who presented papers included the Lagos State Commissioner for Agriculture, Ms. Ruth Abisola Olusanya, who sent a representative.

The ECOWAS Small Business Coalition also expressed heartfelt appreciation to the ECOWAS Commission, partners, collaborators, and delegates for their pivotal roles in making the ECOWAS Caravan 2025 a landmark success.

Dr. Abdulrashid Yerima, speaking on behalf of the coalition, emphasised the collaborative impact of the caravan, stating, “The bridges we build today become the trade routes of tomorrow’s prosperity.”

He also praised the ECOWAS Commission for its leadership and credited the collective synergy of partners and delegates for transforming challenges into opportunities.

The closing ceremony, which hosted over 300 participants from across ECOWAS member states, featured an interactive town hall meeting where panellists addressed key topics such as capacity building, awareness strategies, and toolkit presentations, while also responding to audience questions.

Building on the successes of previous editions, the Tema–Paga corridor in 2023 and the Dakar–Banjul–Bissau route in 2024, the 2025 ECOWAS Caravan not only boosted the economic potential of women traders but also strengthened trade facilitation, enhanced market access, and fostered robust institutional partnerships across participating nations.

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BIG STORY

BREAKING: Buhari’s Burial Postponed To Tuesday In Daura

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Former President Muhammadu Buhari will now be laid to rest on Tuesday instead of today, contrary to earlier reports.

He passed away on Sunday afternoon at a clinic in London.

According to an earlier report by The Nation, a presidential team arrived in London on Monday morning to bring his remains back to Nigeria.

Katsina Deputy Governor Lawal Jobe informed journalists on Monday afternoon that the burial had been rescheduled.

Jobe visited Buhari’s Daura home at 11.27am to assess the location where the burial is to take place.

 

More to come…

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BIG STORY

Buhari’s Integrity Gave Hope To Millions Of Nigerians — Tunde Bakare

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Tunde Bakare, the serving overseer of Citadel Global Community Church, has honoured the memory of former President Muhammadu Buhari with a heartfelt tribute.

Buhari passed away on Sunday at a clinic in London at the age of 82.

In a statement released on Monday, Bakare described Buhari’s life as “extremely impactful”, referring to him as a respected elder statesman and fellow patriot.

He shared memories of their first meeting in 1985 and said Buhari’s policies at the time created the foundation for his journey as a young legal practitioner.

This was a man whose integrity and discipline gave hope to millions of Nigerians across the length and breadth of our nation, he wrote.

This was a man with a dream of a New Nigeria — a dream he lived for; a dream he worked tirelessly towards from his youth; a dream he pursued persistently despite the challenges he encountered; a dream I had the privilege of teaming up with him in his tireless quest to fulfill; a dream that brought tears to his eyes; a dream, the heart of which he shared with me in intimate conversations — a dream that revealed the soul of a man whose lifelong desire was to make life better for the ordinary Nigerian.

He referred to Buhari as a colossus whose kind is hard to replace.

Bakare offered a prayer, hoping that Buhari will be remembered kindly by history and that the Nigeria he envisioned will still come to life even after you have departed.

I express my deep condolences to his beloved wife, former First Lady, Aisha Buhari, and to his children and grandchildren. May God, the husband of the widow and the father of the fatherless, fill the void, the statement reads.

And to our dear nation, Nigeria, may God be our strength and comfort in this solemn season.

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