A Lagos-based developer, Messrs IFT Realty Limited, has advocated strategic urban planning to secure investments and ensure sustainable development in the Ibeju-Lekki axis of the state.

The firm noted that the Ibeju-Lekki axis is experiencing a boom in real estate driven by massive infrastructure projects, there was an urgent need for strategic planning to ensure sustainable development and prevent potential pitfalls as it transforms into a major economic hub in the Southwest.

Speaking to journalists in Lagos, the Chief Executive Officer of the firm, Oluremi Oshikanlu, argued that coordinated efforts between the government, developers and local communities are crucial for realising the area’s full potential and guaranteeing long-term prosperity.

Oshikanlu said, “The infrastructural development in Ibeju-Lekki is a game-changer, positioning the region as a West African economic powerhouse. To capitalise on this transformation and create a sustainable environment, strategic planning must be paramount in every development initiative.”

He emphasised the importance of anticipating future needs in the area through adequate urban planning, transportation networks, utilities access, and social infrastructure, as well as collaboration with stakeholders. “As the area attracts more residents and businesses, the government must proactively establish frameworks that support a high quality of life and facilitate seamless economic activity.”

On his part, the Business Development Manager, Shalom Park Estate, Oluwatobi Ariremako, highlighted that investment opportunities in the Ibeju-Lekki area. “There is the necessity for a clear and consistent regulatory framework to guide development and boost investor confidence. Our business development strategy prioritises sustainable, well-considered projects that contribute positively to the area’s long-term vision.

“These include environmental impact assessments, community integration, creating livable and functional spaces. Transparency, predictability in land administration and development approvals are vital for fostering a stable and attractive investment climate in Ibeju-Lekki.”

He further cautioned that lack of strategic planning could lead to challenges like increased traffic congestion, strain on existing infrastructure, and social displacement.