Lagos State’s geographic information system (GIS) mapping and house numbering initiatives are set to accelerate the adoption of property technology (PropTech) as the real estate sector undergoes digital transformation. This insight comes from Roland Igbinoba, CEO of PropCrowdy Ltd., a Securities and Exchange Commission-approved crowdfunding platform, during an exclusive interview with Nairametrics at the Africa Real Estate Entrepreneurship Bootcamp (AREEB) 2026 in Lagos, organized by the Tosin Olatujoye Foundation.
Igbinoba emphasized that these reforms are part of broader efforts to improve access to reliable land and property data, which is critical for digital innovation. He noted that PropTech adoption in Lagos remains nascent but is poised for growth. The ongoing GIS mapping, cadastral digitization, and house numbering will form the backbone for future PropTech expansion by enhancing data transparency and accessibility.
While startups like Construct, Venco, and PropCrowdy are driving early innovation, Igbinoba pointed out that infrastructure and policy gaps remain constraints. However, he expressed optimism that better integration between government systems could position Lagos as a leading PropTech hub within two to three years. On the financing front, Igbinoba highlighted that access to affordable capital is the biggest challenge for developers, with commercial bank loans carrying interest rates of up to 35%, which he described as unsustainable for long-term projects.
AREEB 2026 convener Tosin Olatujoye called for stronger collaboration across Africa’s real estate sector, stressing that knowledge sharing and partnerships are essential to addressing the continent’s housing deficit and expanding investment opportunities. In January, Lagos State launched a statewide initiative to identify, document, and formalize informal land assets estimated at N3 trillion, part of broader efforts to improve land governance and expand the formal property market. This aligns with Lagos’ digital land reform agenda aimed at improving transparency and unlocking economic value from previously undocumented assets.
Separately, the state has automated building approval processes through the Electronic Physical Planning Process System (EPPPS), shifting planning permit applications and construction approvals to a fully digital platform. Any processing of permits outside the system has been declared illegal, reinforcing the government’s push toward end-to-end digitization of physical planning. In related developments, Livingtrust Mortgage Posts N1.01 Billion Profit, reflecting positive trends in the financial sector, while Efcc Probes Suspected financial irregularities. Meanwhile, Vfd Group Refund processes are underway, and Tinubu Urges Nigerians to embrace digital reforms. Recent events also include Photos: Ministers, Senators attending key policy sessions, underscoring the government’s commitment to modernization.
