WHY THE ONGOING DEVELOPMENT IN THE IBEJU LEKKI/EPE WILL INCREASE THE APPRECIATION OF PROPERTIES IN THAT AXIS.
Ibeju Lekki/Epe has recently become one of the most sought-after investment locations among investors, real estate developers, and other industry experts. Every investor understands that in the real estate business, location is everything. It can make or break an investment, so location is crucial! But first, let’s learn more about Ibeju Lekki and its location in Lagos state.
Ibeju Lekki is one of Lagos State’s 37 Local Government Areas, measuring approximately 20km wide and 75km long. The name was inspired by the two autonomous communities, Ibeju and Lekki. It has a total land area of about 455km² and is geographically located at 60290″ North and 30540” East. It’s provincial government was part of the four established in Lagos State in the year 1990. It was formed out of the old Epe Local Government,with it’s headquarters at Akodo. Meanwhile, in connection to the National Population Commission census in 2006, Ibeju-Lekki had a total population of 117,481 while that of the whole Lagos state population was 9,113,605.
Features of Ibeju Lekki:
1. Massive Industrialization
Different projected developments are on-going in Ibeju Lekki, which is mainly owned by either private group or the government. They include the Dangote Refinery that’s worth over $9 billion, Lekki Golf Course – the latest in the region, the New Lekki International Airport, Lekki Free Trade Zone (FTZ), the Railway, Pan-Atlantic University, the Lekki Sea Port, and others.
2. The Prime Location and Property Appreciation
Ibeju Lekki is located in the serene environment of Lagos state,a perfect location for tourist centres and entertainment.This is because of it’s proximity to Eleko Beach, Lekki Conversation Centre, Nike Art Centre, and many others. Thus, investing in Ibeju-Lekki keeps your property at the peak of action whether it’s for commercial purposes or personal residence. Due to these features, properties located at Ibeju Lekki usually appreciates more than those in other locations. It guarantees at least 200% returns on investment in a short time and a goldmine to early investors.
3. Expansion of Road Networks in Ibeju Lekki
The Lagos government are already carrying out a major project of road expansion in the area. The State government plans on creating a 10-lane road to enable the Lekki-Epe Expressway, to easily connect the area to other major roads leading to Ikorodu, Itokin then to Ijebu-Ode.
10 Major Developments in ibeju Lekki1.
1) Dangote Refinery and Petrochemical Industry
2) Lekki Free Trade Zone (FTZ)
3) Lekki International Airport
4) Lekki Deep Seaport
5) Lekki International Golf Course
6) Pan African University
7) Shopping Mall
8) 4th Mainland Bridge
9) Lekki Tourist Centre
10) Different Companies.
Conclusion; With these major developments in Ibeju-Lekki, now is unquestionably the best time to create wealth. This is because the area’s economic activities will be brisk as a result of these projects. As a result, Ibeju Lekki has become the state’s and even the country’s major business district.
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