Ibeju-Lekki Landlords Face Rental Market Return as 80% of Buildings Lack Approval

Thousands of residents in Lagos, Nigeria, could face a dramatic shift in their housing situation. The Lagos State Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, recently revealed that an alarming 80% of buildings in the Ibeju-Lekki and Epe areas lack proper government approval. This raises the possibility of widespread demolitions, potentially forcing many current landlords back into the rental market.

The revelation has sparked fear and uncertainty among homeowners in the corridor. Commissioner Olumide described a recent inspection where “over 80 percent of the estates” lacked proper planning permissions. These permissions, obtained through a process that includes zoning checks, are crucial for ensuring buildings meet safety and infrastructure standards.

The consequences of unapproved construction can be severe. Buildings deemed unsafe by the government face demolition, leaving owners with potentially significant financial losses. This scenario would force them to re-enter the rental market, potentially increasing competition and impacting rental prices.

While the full extent of the government’s actions remains unclear, it’s evident that many Ibeju-Lekki residents face a difficult decision. They must navigate the process of obtaining approval for their buildings or risk potential demolition. The coming months are likely to see a surge in applications for planning permissions and consultations with building experts.


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