LASG eyes global investment boost through FIABCI partnership

By Adeola Ogunrinde

The Lagos State Government has expressed its intent to tap into the global real estate investment market through a strategic collaboration with the International Real Estate Federation (FIABCI), as part of its effort to transform waterfront infrastructure.

Commissioner for Waterfront Infrastructure Development, Hon. Ekundayo Alebiosu, disclosed this at the recently concluded 75th FIABCI World Real Estate Congress, held from June 9 to 13, 2025, at Eko Hotel & Suites, Lagos. The event, hosted in Africa for the first time, brought together over 400 global delegates.

Alebiosu said the state is exploring several high-impact opportunities with FIABCI, including attracting Foreign Direct Investment (FDI) into projects like modern jetties, residential waterfront estates, floating hotels, and cruise terminals.

“We are leveraging FIABCI’s global network of investors and technical partners to drive sustainable infrastructure along our waterfront corridors,” he stated.

He added that sustainability and Blue Economy initiatives were key takeaways from the congress, with plans to establish a joint taskforce to integrate marine resource protection, coastal development, and environmental consciousness into Lagos’s waterfront agenda.

According to Alebiosu, Lagos stands to benefit greatly from hosting the congress through exposure, technical partnerships, and investment leads, describing the event as a “game-changer” for the state’s waterfront vision.

He also announced plans to host an International Waterfront Summit in July 2025, which will build on the FIABCI congress discussions and deepen engagement with both local and international stakeholders.

“Our goal is simple,” he concluded, “to develop a world-class waterfront infrastructure that supports tourism, transportation, housing, and sustainability—FIABCI gives us a strong foundation to achieve this.”