Is Ibeju-Lekki the new Treasure Island of Lagos, Nigeria?

Ibeju-Lekki is a local government area in the Epe Division of Lagos State, Nigeria. The administrative centre was formally at Akodo and was later moved to Igando Oloja due to the creation of Lekki Council Development Area. The name of the Local government was derived from two autonomous communities, Ibeju and Lekki.

The people of the area are mainly Yoruba speaking natives, there are many other people from different parts of the country and around the world residing, working and investing in the local government. The area also attracts massive amount of tourism as it is endowed with beautiful lagoon and gorgeous ocean fronts.

The development in the area is rapid and ongoing, some would even refer to the area as the New Lagos. In fact the commercial Hub of Lagos state is shifting towards the area with many investment been done to develop industries and infrastructures and this wasn’t always the case.

 

Ibeju or Mowe, where to live, 2008 considerations,

Discussion from 2008: Ibeju or Mowe?

Today, it is evaluated that the value of properties in this axis will further be increased by more than fourfold (X4) in less than two (2) years because of the many amazing ongoing developmental projects such as…

👉🏻Lekki Free Trade Zone (LFTZ) a $25 billion dollars with presence of over 64 global companies

👉🏻Dangote Refinery (Biggest in Africa & 6th in the world) a 14$ billion project to be operational in 2019.

👉🏻Dangote Petrochemical company to be operational in 2017.

👉🏻Dangote Gas Pipeline Company to be operational in 2018.

👉🏻Dangote Fertilizer Company to be operational in 2018.

👉🏻Lekki Deep Sea Port a $1.65billion project (Deepest Seaport in Sub-Saharan Africa) to be operational in 2019.

👉🏻The 4th Mainland Bridge to be completed in 2019

👉🏻Multi-billion naira Lekki-Epe International Airport

👉🏻Pan Atlantic University (Permanent site of Lagos Business School)

👉🏻St Augustine University (First Catholic University in West Africa)
👉🏻La Campagne Tropicana Resort

👉🏻Eleko Beach

cheap land in Ibeju Lekki, land was N450k in 2015, How much was land in Ibeju Lekki?

Plot of land used to be N450,000 in 2015

Today, plots of land are selling for anything between N1,500,000 and N13,500,000 in coordinated estates being cleared for development to satisfy the need for housing infrastructure and development in the state.

 

Ibeju Lekki, Open Heavens, Oakwood Gardens, FTZ, Dangote Refinery, New International Airport, 4th Mainland Bridge, Hebron Gardens, Paradise Gardens, Real Estate, Infrastructural developments in Ibeju Lekki, Lagos Nigeria, Real Estate development In Nigeria, Smart city,

Ongoing developments in Ibeju Lekki

Would investing in this area of the city be something you will be interested in? If so, then contact our real estate team for a free consultation and information about what is available within your means.

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