INTRODUCTION
As a result of the ongoing developments in the area, Ibeju-Lekki is being referred to as the next new Lagos and a major hotspot in Lagos State.
Investors, real estate developers, and other industry experts have recently made it one of the most sought-after investment destinations. Every real estate investor understands that location is everything in the industry. It has the potential to make or break an investment, so location is crucial!
Let us learn more about Ibeju Lekki and its location in Lagos.
An Overview
Ibeju Lekki is one of Lagos' 37 Local Government Areas, with a width of nearly 20 kilometers and a length of 75 kilometers. Ibeju and Lekki are the two autonomous communities that gave rise to the name. It has a total land area of about 455 km2 and is geographically located at 6029' 0" North and 30 54' 0" East.
IBEJU AND POPULATION
Its provincial government, which was formed out of the old Epe Local Government and has its headquarters in Akodo, is one of the four established in Lagos State in 1990. Meanwhile, according to the 2006 National Population Commission census, Ibeju-Lekki had a total population of 117,481 people, while the total population of Lagos state was 9,113,605.
IBEJU LEKKI RESIDENTS
The Yoruba tribe is the most populous in the area. Ibeju Lekki and other Nigerians from various parts of the country. As their primary means of communication, they converse in English and Pidgin English. However, this does not negate the Yoruba language, which is the native tongue of the people in the area. People of various religions, including Christians, Muslims, and other traditional worshippers such as Ifa, make up the majority of the residents of Ibeju Lekki.
IBEJU LEKKI CHARACTERISTICS
Ibeju Lekki has a lot of great features, which is one of the reasons why it's known as the New Lagos and the state's next hot spot. As an example;
Massive Industrialization is #1.
Various planned developments in Ibeju Lekki are currently under construction, with the majority of the land owned by either a private group or the government. This is something we will do. We'll get into more detail on this as we go along. The Dangote Refinery, worth over $9 billion, the Lekki Golf Course, the New Lekki International Airport, the Lekki Free Trade Zone (FTZ), the Railway, Pan-Atlantic University, the Lekki Sea Port, and others are among them.
2. Property Appreciation and Prime Location
Ibeju Lekki is situated in the tranquil surroundings of Lagos state, making it an ideal location for tourist attractions and entertainment. This is due to its close proximity to Eleko Beach, the Lekki Conversation Centre, the Nike Art Centre, and other attractions. Investing in Ibeju-Lekki, whether for commercial or personal purposes, keeps your property at the forefront of activity. Property in Ibeju Lekki usually appreciates more than other areas in Lagos because of these features. those who live in other places It promises at least a 200 percent return on investment in a short period of time, as well as a goldmine for early investors.
3. Road Network Expansion in Ibeju Lekki
The Lagos government is currently working on a major road expansion project in the area. The state government plans to build the Lekki-Epe Expressway, a 10-lane road that will connect the area to other major roads leading to Ikorodu, Itokin, and Ijebu-Ode. Ibeju-Lekki is one of Lagos State's fastest-growing areas, with several opulent estates springing up. The majority of the Estates have been completed, while the remainder are still being built. As a result, the area's road networks have been expanded to make the area more accessible.
Although the market is nearly identical around the world, the location of your investment has a greater impact. The property's value and potential are 80 percent determined by its location. For example, in places like Lekki, Ikoyi, Ikeja, Victoria Island, and other major cities, we've started from the ground up before progressing, and the same is true in Ibeju Lekki. We are putting in place a number of major developments.
They are as follows:
1.Dangote Refinery and Petrochemical Industry: Dangote's project is one of the largest in Ibeju Lekki right now. The refinery and petrochemical industry is Africa's largest industrial project, costing $17 billion. After completion, the project is expected to employ up to 20,000 Nigerians and refine over 100,000 barrels of oil. Daily crude oil output is 600,000 barrels. With an increase in the number of people working in the area, there will be an increase in the number of people looking for a place to live.
This project will benefit not only the Lagos state government, but Nigeria and Africa as a whole. Nigeria will save $10 billion per year on imports as a result of this project.
2. Lekki Free Trade Zone (FTZ): Another major project in Ibeju Lekki is the development of Nigeria's first Smart City. Over a billion naira has been invested in FTZ, according to a Daily Times report. The project's master plan called for the development of a satellite city that would serve as an eco-city for residents, as well as modern industrial businesses and trade.
3.The Real Estate Industry : Daily crude oil output is 600,000 barrels. With an increase in the number of people working in the area, there will be an increase in the number of people looking for a place to live.
This project will benefit not only the Lagos state government, but Nigeria and Africa as a whole. Nigeria will save $10 billion per year on imports as a result of this project.
4. Lekki Deep Seaport: Located across the street from the Lekki Free Trade Zone, the deep seaport offers a variety of services. It's designed to handle more than 6 million Twenty-foot Equivalent Units (TEUs) of cargo. The cost of this project is expected to be in the range of $500,000 to $1,000,000. Over 170,000 Nigerians will be employed directly or indirectly as a result of this project.
5. Lekki International Golf Course: Lakowe Lakes Golf & Country Estate is a one-of-a-kind West African golf course. It's a 308-hectare residential development with an 18-hole world-class golf course set in a tranquil setting.
6. Pan African University: Located near Eleko in Ibeju Lekki, this privately owned university has a new campus at Eleranigbe.
7. Shopping Mall: Various shopping malls are being built in Ibeju Lekki. For example, a massive ShopRite, Yomade shopping complex, Mayfair shopping complex, and others are already in place. These developments contribute to the area's rapid development.
8, The fourth mainland bridge :From Lagos Island to Ibeju Lekki, Baiyeku towns, and down to Ikorodu via the Lagos Lagoon. This bridge will help with the region's road network by complementing the 3rd Mainland Bridge. Boost the state's economy while also encouraging investment. The Lagos state government plans to construct a 38-kilometer bridge that will connect the city of Lagos to the rest of the country.
9. Lekki Tourist Centre: The Lekki Conservation Centre, golf course, Lekki Tourist Centre, Private Beaches and Resorts all contribute to the tourism appeal of Ibeju Lekki.
As a result of the ongoing developments in the area, Ibeju-Lekki is regarded as the next new Lagos and a major hotspot in Lagos State.
It has recently become one of the most sought-after investment destinations among investors, real estate developers, and other industry experts. Every investor is aware of this.
It has recently become one of the most sought-after investment destinations among investors, real estate developers, and other industry experts. Every real estate investor understands that location is everything in this business. It can make or break an investment; thus, location is crucial.
If you desire a plot of land in Ibeju lekki call : Uchechukwu Okafor (Milano Properties Limited) 09160083958 or 08038780896 Call or send us Whatsapp.
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