Lagos Affordable Housing Development – Ibeju-Lekki Estate

Requirement

A 500-unit affordable housing development in Lagos' Ibeju-Lekki corridor seeks $22 million in development capital. The project targets Lagos' massive housing deficit with quality units priced for middle-income families and diaspora investors. Development comprises 2 and 3-bedroom units ranging from $45,000 to $75,000, estate infrastructure including roads, water, power backup, and security, community amenities including schools, healthcare centre, and retail, and title documentation including C of O processing. We seek development finance institutions, housing-focused investors, and diaspora investment platforms. Lagos adds 600,000 residents annually with housing deficit exceeding 3 million units. Affordable housing ($40,000-80,000) commands fastest absorption rates. Location in Ibeju-Lekki benefits from proximity to Lekki Free Zone, new airport construction, and infrastructure investments transforming the corridor. The developer has delivered 2,000+ units across Lagos with established construction and sales infrastructure. Target returns of 35-45% development margin with 24-month project cycle. Phased sales with 30% pre-sold before construction start. Mortgage partnerships with Nigerian banks enable buyer financing.