The government of Lagos State in Nigeria recently announced a real estate tokenization program aimed at improving the property transaction process using blockchain technology. This program is expected to last for 16 months and will be led by the technology department, working in collaboration with multiple institutions and partners. To support this initiative, the state government has allocated 500 million naira (approximately $314,465) to fund related activities and infrastructure development. Through tokenization, it is anticipated that the property transaction process can be digitized, made transparent, and more efficient, further promoting healthy development of the real estate market.