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2 clusters · 2 sources · 24 days · First seen · Last updated
Lagos real estate flood resilience advocacy
Overview
Real estate stakeholders in Lagos are calling for increased focus on flood resilience and long-term urban planning to mitigate risks associated with rising sea levels, storm surges, and land subsidence.
The Shoreline Developers Association of Lagos (SDAL) recently advocated for a 50- to 100-year master plan for the city’s coastline. The association noted that while rapid real estate expansion has increased waterfront property values by 751% over five years, unchecked reclamation has heightened flood risks. SDAL leadership emphasized the need for scientific planning, the protection of designated wetlands, and joint financing for drainage infrastructure.
In support of these efforts, industry executives have urged developers to prioritize flood mitigation during the initial stages of estate planning. Recommendations include conducting comprehensive risk assessments before land acquisition, preserving natural waterways, and integrating drainage capacity and permeable surfaces into new designs. There are also calls for stricter government approval requirements to ensure new developments do not worsen flooding for surrounding communities.
Entities
Lauretta Odusolu · Lagos State Government · Shoreline Developers Association of Lagos · Lagos coastline · Lai Omotola
Timeline
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13 days ago
[BUSINESS] 2 sourcesLagos developers urged to prioritize flood resilience in estate planningOcto5 Holdings Ltd. executive Lauretta Odusolu urges Lagos developers to integrate flood resilience and drainage management into the initial design phase of estate developments to protect property investments.
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about 1 month ago
[BUSINESS] 2 sourcesLagos Shoreline Developers Call for Long-Term Master Plan to Curb Flood RisksLagos’ Shoreline Developers Association, led by Lai Omotola, urges a 50‑100‑year master plan to regulate coastal reclamation, protect wetlands and curb flood risks while boosting sustainable economic growth.
Sources
nannews.ng · realnewsmagazine.net