Joint Venture Property in Festac, Amuwo Odofin, Lagos

Festac is a Federal Housing Estate in Lagos state, Nigeria. It is located along the Lagos-Badagry Expressway in Lagos State, Nigeria. The name Festac was derived form the acronym FESTAC, which stands for Second World African Festival of Arts and Culture that was held there in 1977. Festac town, originally referred to as "Festival Town" or "Festac Village", is a residential estate designed to house the participants of the Second World Festival of Black Arts and Culture of 1977 (Festac77).

The Nigerian government invested substantial sums of money and resources into building Festac Town, which sported state of the art electrical generators, police and fire stations, access to public transportation, supermarkets, banks, health centres, public restrooms, and postal services. The village was therefore intended to evoke the modern age and the promise of state-sponsored economic development fueled by oil revenues.