FLOODING IN LEKKI, LAGOS, NIGERIA: THE DEVASTATING IMPACT ON RENTAL VALUEESV MADUFOR EDWIN UCHENNA

Lekki is one of the sort after area in Lagos with it rapid development and it has become a hub for residential and commercial activities. However regular flooding of the area has become a major concern for residents, investor and policymakers. Rental values are highly affected by this regular occurrence of flooding, a severe environmental hazard accelerated by human activity, can be significantly reduced by improving urban planning and drainage systems, implementing proper waste management to prevent blockages, engaging in reforestation and environmental protection and creating sustainable infrastructure like small dams and flood proof building in the area.

During the 2025 World Habitat Day celebration in Ikeja, themed “Urban Crisis Response: Flooding in Focus.” the Lagos State Governor, Babajide Sanwo-Olu, disclosed that more than 3,000 residents were displaced and over 6,000 were affected by flooding in the state between January and October 2025
He reinterated that flooding is a major challenge confronting Lagos. It is an environmental menace capable of widespread destruction.”He added that over 57,000 residents were impacted this year, with homes destroyed and livelihoods disrupted, according to Punch Newspaper.

Causes of Flooding in Lekki

Several factors contribute to the flooding in Lekki. One major cause is the area’s geographical location. Lekki is situated in a low-lying coastal area, making it prone to tidal waves and heavy rainfall. The inadequate drainage system, poor waste management, and encroachment on waterways exacerbate the situation. Additionally, the rapid urbanization of Lekki has led to the destruction of natural waterways and the construction of buildings on floodplains, further increasing the risk of flooding.

Effects of Flooding on Rental Value

1. Decrease in Property Value: Flooding leads to a decrease in property value due to the perceived risk and uncertainty associated with flooding. Properties in flood-prone areas tend to have lower demand, resulting in reduced rental income for landlords.
2. Damage to Properties: Floods cause significant damage to buildings, leading to costly repairs and renovations. This damage can result in a substantial decrease in property value over time.
3. Loss of Income: Flooding can lead to loss of income for property owners, as tenants may be reluctant to rent properties in flood-prone areas. This loss of income can further exacerbate the decrease in property value.
4. Slow Pace of Development: Flooding can discourage property development in affected areas, leading to a slow pace of growth and development. This can have long-term consequences for the economic vitality of the area.
5. Increased Maintenance Costs: Properties in flood-prone areas require more frequent maintenance, which can increase costs for property owners. This increased cost can further reduce the attractiveness of properties in these areas.
6. Impact on Resale Value: Properties that are frequently flooded may have a lower re-sale value, making it difficult for property owners to sell their properties.
7. Impact on Residents and Investors: the impact of flooding on rental values in Lekki is far-reaching. Residents are forced to contend with the stress and trauma of flooding, and the risk of property damage or loss. Investors, on the other hand, are wary of investing in properties in flood-prone areas, fearing that their investment may not yield the expected returns. This can lead to a decrease in property value, reduced economic activity, and a decline in the overall development of the area.
   SOLUTIONS TO MITIGATE FLOODING

To mitigate the effects of flooding on rental values in Lekki, several solutions can be implemented. The government and private developers can invest in improving the drainage system, constructing flood-resistant buildings, and implementing effective waste management systems. Additionally, enforcing building regulations and protecting natural waterways can help reduce the risk of flooding. Residents and property owners can also take proactive measures, such as installing flood-control devices and purchasing flood insurance.

Conclusion
In conclusion, flooding has significant consequences for rental values, affecting property owners, landlords, and tenants. Addressing the root causes of flooding and implementing effective mitigation measures can help reduce the impact of flooding on rental values. By working together, residents, investors, and policymakers can create a more sustainable and resilient environment in Lekki, protecting the value of properties and promoting economic growth.

Recommendations

1. Improve drainage systems and waste management infrastructure.
2. Enforce building regulations and protect natural waterways.
3. Implement flood-control measures, such as flood-resistant buildings and flood insurance.
4. Promote sustainable urban planning and development practices.
5. Encourage community participation in flood mitigation efforts.

By adopting these recommendations, the risk of flooding can be reduced and the value of properties would improve ensuring a more sustainable and prosperous future for its residents and investors.