Firm unveils Mainland Housing Summit to spotlight Lagos-Ogun investment opportunities

Frontier Commercial Services Limited (Frontier Homes) has said the next wave of real estate growth in Lagos is shifting from the Island to the Lagos-Ogun corridor, as rising land prices in established premium locations make the Mainland a more attractive destination for investors.

The company disclosed this on Monday while announcing plans for the maiden edition of the Mainland Housing Summit 2026, scheduled for July 25 at The Mainland Heritage, Ikola, Lagos.

Speaking at a press conference in Lagos, Olalekan Oseni, managing director of Frontier Commercial Services Limited, said the era when Lagos real estate investment was almost exclusively centred on Lekki, Victoria Island and Ikoyi is gradually giving way to new opportunities on the Mainland.

“For years, the conversation about real estate investment in Lagos has been almost exclusively focused on the Island. Lekki. Victoria Island. Ikoyi. And for good reason, these markets delivered,” Oseni said.

“But that window is closing gradually. Prices on the Island have moved to a point where the entry cost for a new investor is at the peak and the margin for meaningful return is increasingly getting thin.”

According to him, investors are increasingly turning their attention to the Lagos-Ogun growth corridor because the conditions that fuelled the rapid expansion of the Island two decades ago are now emerging across the Mainland.

Oseni said Frontier Homes, which has operated in the corridor for more than six years, decided to organise the summit to educate investors and provide market intelligence before property values rise further.

He described the event as more than a conventional property exhibition, saying it would bring together investors, developers, policymakers and professionals in the built environment to discuss where growth is occurring and how investors can take advantage of emerging opportunities.

Also speaking, Tolulope Adekunle, executive director of Frontier Commercial Services Limited, unveiled the company’s Mainland Real Estate Growth Report 2026, which he said provides data on land price trends and investment opportunities across the Lagos-Ogun corridor.

According to Adekunle, land prices in Lekki have increased from as low as N15,000 per square metre in 2010 to as much as N600,000 per square metre today, representing a return of more than 1,900 percent.

He added that land within the Lagos-Ogun corridor currently sells for between N18,000 and N105,000 per square metre, making it significantly cheaper than comparable locations on the Island.

Adekunle said Nigeria’s estimated housing deficit of 28 million units presents a major opportunity for future residential development on the Mainland.

“That gap will not close on its own. It will be filled. And it will be filled here, on the Mainland,” he said. “The Mainland emerging corridors are not just growing. They are growing the right way. New roads. More people moving in. More business activity. This is not a quick spike that will crash. This is steady, lasting growth.”

Maryann Opara, director of sales at Frontier Commercial Services Limited, said the summit is expected to attract more than 1,000 participants, including investors, working professionals, business owners, diaspora Nigerians and real estate practitioners.

“The summit is not only a conference. It is also an exhibition,” Opara said. “If you build, design, furnish or finish properties, The Mainland Housing Summit’s Exhibition Floor is a direct line to your next clients.”

She added that attendance at the summit is free, although registration is required because of limited seating capacity.