Nigeria’s rail modernisation effort is driving change in real estate as stressed out Lagosians look to live beyond expensive housing in the commercial capital. If this is combined with serious industrial growth along transport corridors, it could flip decades of Lagos-centric growth. Much of Nigeria’s railway infrastructure was built by the UK colonial administration to facilitate governance and cheaply transport goods to the seaports for export. After falling into disuse for many years, the country’s railway architecture is now being modernised and rehabilitated.
One of the new rail projects, the Lagos-Ibadan double standard-gauge rail is facilitating real estate development along its corridors in Ogun and Oyo states, and could ultimately decongest Lagos, Nigeria’s commercial capital with a perennial congestion problem.
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