Firm secures massive land for Nigeria’s first snow city park in Ibadan

Rest Realty has finalised the acquisition and signing of a landmark land deal covering one million square metres, paving the way for the development of Nigeria’s first Snow City Park.

The project, which will be located in Ibadan, Oyo State, is expected to establish a pioneering tourism and lifestyle city in the country.

The Snow City Park is designed to serve as a major tourism destination, attracting both domestic and international visitors while reshaping leisure, entertainment, and urban development in Nigeria. Rest Realty disclosed that the project is projected to attract at least one million tourists annually, positioning Ibadan as an emerging destination on Africa’s tourism landscape.

Speaking on the vision driving the initiative, the Founder of Rest Realty, Stephen Akorede, said the project is aimed at redefining traditional real estate development in Nigeria.

Akorede noted that his more than four-year residency in Dubai exposed him to innovative urban planning, strategic infrastructure development, and global best practices, which influenced his perspective on how deliberate and visionary projects can transform cities and communities.

“This land acquisition is our first step into what will become a multi-billion-naira development. We are stepping forward to do what many believe is impossible, because meaningful development requires courage, innovation, and a clear vision,” Akorede said.

He added that beyond the Snow City Park itself, the proposed city will feature a comprehensive mix of residential and commercial infrastructure. Plans include residential homes for over 1,000 residents, office spaces, schools, a massive central park, investor lounges, a dedicated tech founders’ lounge, and a structured residents’ identification system designed to enhance security and efficient city management.

He assured investors of the project’s strong economic prospects, noting that its design and tourism-driven model are expected to deliver substantial value.

Projections, according to the company, indicate the potential for significant investment growth within 24 months of development milestones.