adsExperts in the housing sector have expressed fears that more illegal estates may be on the way in Lagos, Nigeria’s commercial nerve centre, due to the state government’s recent decision to increase land transaction fees by 300 percent.
The experts explained that these new fees, which rose to N1billion in some cases, will not only discourage new investments in housing but also compel some developers to circumvent the necessary approvals and documentation.
They recalled that in August 2025, the state’s Ministry of Physical Planning and Urban Development shocked housing sector stakeholders by announcing that about 176 illegal estates in the Eti-Osa, Epe, Ibeju-Lekki, and Ajah axis of the state had been blacklisted after being deemed illegal by the state government.
“This number is quite huge, and many more will be added to it with the recent increase in transaction fees by the state government,” Timothy Nubi, a Professor at the Faculty of Environmental Sciences of the University of Lagos, noted.adsads
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