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    Home » Lagos Unveils Wole Olateju Boardwalk to Drive Waterfront Economy
    economy

    Lagos Unveils Wole Olateju Boardwalk to Drive Waterfront Economy

    Ifetayo AdeniyiBy Ifetayo AdeniyiJanuary 10, 20262 Mins Read
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    Manny Ita

    The Lagos State Government has progressed with the development of the Lagos Boardwalk project along the Wole Olateju waterfront as part of a strategic initiative to transform the city’s shorelines into global tourism hubs. Commissioner for Waterfront Infrastructure Development, Dayo Bush-Alebiosu, confirmed the advancement in early January 2026, describing the project as a centerpiece of the state’s efforts to leverage aquatic assets for “creative diplomacy” and economic expansion. Located along the Lekki-Ikoyi axis, the pedestrian-friendly, wooden-planked promenade is designed to integrate the state’s waterways with commercial and recreational activities, following standards seen in international coastal destinations.

    ​Economic projections indicate the corridor will significantly increase land values in the immediate vicinity, with analysts expecting an appreciation of 12–15% for nearby waterfront properties. The infrastructure plan includes the installation of high-capacity concrete pontoons to replace aging structures and the rehabilitation of jetties to facilitate increased water transportation and leisure traffic. This development aims to rectify historical urban planning issues where coastal projects “turned their backs” to the water; according to Commissioner Alebiosu, the Boardwalk is intended to force a “face-the-water” orientation to ensure new developments align with a unified master plan for the coastline.

    ​The project anchors a broader 2026 infrastructure drive, which includes the ₦7 billion Oworonshoki jetty and the modernization of the Bariga jetty into a trade and fish market hub. Governor Babajide Sanwo-Olu’s administration has designated the Boardwalk as a “legacy asset” intended to improve resident quality of life and establish a permanent tourist destination. With final approvals secured, construction is scheduled to enter an active phase during the first half of 2026, coinciding with the implementation of the state’s “Budget of Shared Prosperity.”

    Economy
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    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

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