By Lukman Olabiyi
The Lagos State government has announced plans to attract global investment into its waterfront infrastructure through a new partnership with the International Real Estate Federation (FIABCI).
The move is part of a broader strategy to transform the state’s coastal assets into a hub for tourism, housing, and sustainable economic development.
Speaking at the close of the 75th FIABCI World Real Estate Congress held at Eko Hotel & Suites, Lagos, Commissioner for Waterfront Infrastructure Development, Hon. Ekundayo Alebiosu, said the state is ready to harness FIABCI’s global network to drive foreign direct investment into key waterfront projects.
“This congress has opened up a new world of opportunities for Lagos. We are leveraging FIABCI’s international platform to attract investment and technical expertise for modern jetties, residential waterfront estates, cruise terminals, and floating hotels,” Alebiosu said.
The congress, held from June 9 to 13, 2025, was the first time the prestigious real estate gathering was hosted in Africa, drawing over 400 delegates from around the world.
Alebiosu described the event as a “game-changer” for Lagos, highlighting the knowledge exchange and investment leads generated during the summit.
Key areas of collaboration with FIABCI will include sustainability and the Blue Economy, an approach to coastal development that emphasises marine conservation, climate resilience, and community-based economic growth.
Alebiosu revealed that Lagos is already in discussions to set up a joint taskforce with FIABCI to align future waterfront developments with global sustainability standards.
In a forward-looking step, the Commissioner also announced plans for an International Waterfront Summit to be hosted by the Lagos State Government in July 2025.
The summit will serve as a follow-up to the FIABCI congress and will deepen engagement with both local and international stakeholders in the real estate and infrastructure sectors.
“Our goal is to create world-class waterfront infrastructure that supports tourism, transportation, housing, and environmental sustainability. This partnership with FIABCI is a strategic step towards achieving that vision,” Alebiosu said.
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