Thank you for Giving Us Reason Not to Invest in Lagos Real Estate — Yemi Alade Slams Lagos State Government’s Demolition Spree

alade

Nigerian musician Yemi Alade has voiced her discontent with the Lagos State government’s never-ending demolition of residential properties, citing it as a deterrent for potential investors in Lagos real estate.

The singer took to her official X handle to express her concerns, thanking the government for providing reasons to abstain from investing in the state’s real estate sector.

Alade’s criticism comes amidst repeated instances of property demolitions by the Lagos State government, purportedly in pursuit of its “MEGA city” development agenda.

Notably, the recent demolition of investment properties, valued at approximately $200 million, to make way for the coastal road project led by the Bola Tinubu’s government has sparked public outcry.

In her statement, Alade highlighted the impact of these demolitions on legal property owners and urged the government to consider refunding affected buyers.

she questioned the sustainability of transforming Lagos into a network of roads devoid of residents, suggesting that such actions may hinder the realization of the government’s MEGA city aspirations.

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She stated, “Thank you for giving me & millions of others a reason to NOT INVEST IN LAGOS REAL ESTATE @followlasg

“Maybe when you are done turning the whole lagos into a network of Roads with no residents then your MEGA city dreams will be complete.

“Please start refunding legal buyers atleast,” she added.