‘Smart City' Options: Optimizing Real Estate Development In Nigeria

"Successful public-private partnerships combine the technology and innovation of governments, cities and companies to benefit citizens. By working together for the greater good, public-private partnerships can help accelerate the pace of change and implementation of smart cities infrastructure."

• Hubert Riley, Vice President, External Affairs at Verizon

Introduction

The idea of a "Smart City (SC)" - with driverless cars, sustainable energy sources, Internet of Things (IoT), connected devices, etc. – may seem illusory to many parts of Nigeria due largely to absence of support infrastructure. However, there are plans by the Lagos State Government (LASG) in collaboration with its partners, Dubai Holdings LLC to "develop sustainable, smart, globally connected knowledge-based communities that drives a knowledge economy" across the State.¹ In the same vein, leveraging the National Broadband Plan,² MainOne, using its infrastructure company (InfraCo) licence from