Lagos digitises N3 trillion in informal land to boost PropTech growth
Lagos State has launched a major initiative to document and formalise informal land assets worth an estimated N3 trillion. The project aims to map, value, and integrate undocumented parcels across the region while cracking down on illegal permit processing outside its digital system. The state government has declared all permit processing outside the Electronic Physical Planning Process System (EPPPS) illegal. This move follows the automation of building approvals through the same platform. Officials are pushing for stricter compliance to streamline land administration.
Ongoing reforms, including GIS mapping, cadastral digitisation, and house numbering, are expected to boost PropTech growth in Lagos. Startups like Construct, Venco, and PropCrowdy are already leading early innovation in the sector. However, current PropTech adoption remains low, rated between 2 and 3 on a scale of 10. Roland Igbinoba, CEO of PropCrowdy Ltd., stated that these reforms will improve access to reliable land and property data. The lack of digitised records has previously limited the development of more advanced PropTech solutions in the state.
The initiative seeks to unlock economic potential by formalising informal land holdings. With stricter permit enforcement and digital reforms, Lagos aims to create a more transparent property market. This could pave the way for wider PropTech adoption in the coming years.
