The Sagamu International Stadium is set to honour Joshua following his 11th round stoppage of Wladimir Klitschko at Wembley on Saturday night.
Over 90,000 fans watched the action from inside the stadium, with many more watching from various locations around the world.
Yinka Mafe, the majority leader of the State House of Assembly in the Ogun State government in Nigeria, was among those who watched Joshua’s win in an open air viewing event.
Joshua’s parents hail from the Ogun State region of Nigeria.
According to ESPN , Mafe has vowed to rename the stadium after Joshua, while the popular Cinema Street will also bear his name.
Joshua’s great grandfather, Omo-Oba Daniel Adebambo Joshua, built the cinema that the sits on the road during the 1950s.
“We are proud of what he has achieved as a son of Sagamu, and we will be happy to do our own little bit to show our appreciation and support for him,” Mafe said.