Blog

Why Buying Land In Ibeju Lekki Is A Good Investment

Why Buying Land In Ibeju Lekki Is A Good Investment

Ibeju-Lekki is a local government area of Lekki in Lagos State, Nigeria. The demographics of the area include people from different parts of the country living, working and doing business in the area. .

In Ibeju Lekki, there are on-going and proposed industrial developments such as the Dangote Refinery which is expected to be the world’s biggest single-train facility and estimated to cost $9bn.

It covers a total area of 2,635ha on the Lekki Free Zone near the Lekki Lagoon, enabling easy shipment of refined petroleum products to international markets. The refinery is expected to double Nigeria’s refining capacity, largely to accommodate the pressing demand for fuel and export to foreign markets in and out of Africa. A fertilizer plant is also included in the refinery complex, to fully utilize the raw materials released from the refinery.

Also, there is the Lekki International Airport project which was initiated to lessen the pressure on the Murtala Muhammed Airport (MMIA) in Ikeja. The master plan of the new airport shows that it’s designed to cater to wide-body, double-deck, and four-engine aircraft with the capacity for up to 500 seats. For a start, the Airbus A380 is expected to carry two million to five million passengers per annum with future prospects of expansion to cater to the increasing aviation needs of the rapidly developing Lekki area and its environs.

There is also the Pan-Atlantic University, Lekki Deep Seaport, Lekki International Golf Course and Eleganza Industries. These are among many other industrial developments at Ibeju-Lekki. Also, tourist attractions and parks include LUFASI nature park which keeps some Internationally endangered species.

The Lekki free trade zone is one of the major conservation foundations which covers a large hectares of land. Its function is to reduce the trade barriers between Nigeria and other countries.
The free zone is authorized by both the Federal Government of Nigeria and the Lagos state government. In lieu of this, properties in Ibeju-lekki are fast appreciating because several companies are investing due to the proposed and ongoing development. Also, Ibeju Lekki is favorably situated close to the city center, The Alaro city which covers more than 2000 hectares of land in the Lekki free trade zone. The Alaro city has areas for warehousing, schools, hotels, offices, and healthcare facilities.

The new Lekki-Epe International Airport is a project located east of Lagos at Epe, opposite Alaro City. According to reports, The master plan has been completed, and a 3500-acre airport site has been secured. The airport is designed to handle five million passengers per year, with room for future growth.

With all the proposed projects coming to IBEJU LEKKI (ie: free trade zone, Alaro city, Dangote refinery), etc the proposed airport seems like the next logical step..

For more on Ibeju-lekki and the real estate investment that can benefit you, pls contact
Boc Real estate Ltd on:

+2348037105272 (Voice calls/WhatsApp).

Social media handles:
Facebook: BOC real estate
Instagram: BOC real estate Ltd
Twitter: BOC real estate Ltd
YouTube: BOC real estate Ltd

Leave a Reply

Your email address will not be published. Required fields are marked *

Compare