The best location to invest right now in Lagos Nigeria is Epe and Ibeju-Lekki axis because these locations boast pf world class projects and development among others.
Where is Epe?
Epe is a town and local government area (LGA) in Lagos State, Nigeria Located on the North side of the Lekki lagoon and about 90km from Ibadan.
There is no paramount ruler in the area as there are two major communities with individual monarchs. These are the Eko Epe and Ijebu Epe communities within the same town. The notable festivals that are mostly celebrated in Epe land include Kayo-Kayo festival, Ebi day, Ojude-Oba and Epe day.
A road junction to the entrance into Epe from the Lekki-Epe expressway features a sculpture of two giant fish erected by the Lagos state government.
Notable higher institutions like Lagos State University (LASU), Yaba College of Technology, Michael Otedola College of Primary Education (MOCOPED), St. Agustine University, all have campuses in Epe area of Lagos, Nigeria.
Epe is now a leading city in Lagos, Nigeria for property investment due to the broad accessibility and a lot of infrastructure coming around this axis and also proximity to Ibeju-Lekki. Epe is now considered as an area for investment (ROI) and value appreciation. One of the surest locations to buy property in Lagos State, Nigeria is Epe. Investors are moving to Epe, Lagos on a daily basis to buy and invest in property.
If you haven’t invested in Epe and Ibeju-Lekki you’re leaving a lot of money on the table. It’s quite okay to have property in some other part of Lagos State such as Ikoyi, Lekki, Ajah, Ikeja. Gbagada etc. you know that the value of this mentioned area is now expensive and not affordable as Epe and Ibeju-Lekki in property market as at today.
Where is Ibeju-Lekki?
Ibeju-Lekki is a local government area of Lekki, Lagos State NIgeria. The administrative centre was formerly at Akodo and was later moved to Igando Oloja due to the creation of the Lekki council development area. The name of the local government was derived from two autonomous communities, IBEJU and LEKKI.
The local government by location is bounded by Eti-Osa East LCDA on the west, Epe on the East and the Atlantic Ocean on the North.
The total area in Ibeju-Lekki is about 455km2 and the chairman’s name is Hon. Engineer Olowa Abdullahi Sesan (JAJA). Some of the major town in Ibeju-Lekki includes Abijo GRA, Awoyaya, Eputu, Lakowe, Bogije, Igando Oloja(where we have Ibeju-Lekki secretariat), Alahun, Shapati, Onosa, Eleko junction, Aiyetoro, Elerangbe, Akodo, Badore, Elemoro etc.
The demographics of the area include people from different parts of the country living, working and doing business in the area. Ibeju-Lekki has potential for tourism (Eleko beach, Lakowe lakes and golf, Lufasi Nature Parks etc.) as it is endowed with beautiful ocean front and Lagoon views.
Notable schools like Pan-Atlantic University, Green Spring School, Albesta Academy, Corona School, all have their branches in Ibeju-Lekki.
Why Epe and Ibeju-Lekki axis is a must location to invest in
1 It is an emerging location; Epe to Ibeju-Lekki are axis that are growing and developing especially in business investment. The development in this axis is rapid compared to Badagry. Some refer to these locations as the new Lagos. Governor of Lagos State Babajide Sanwo-Olu called Epe Dubai of Lagos. Also, the commercial centre of Lagos State seems to be Shifting gradually towards the area with much effort being put into developing industries and infrastructure.
2 The capital project happening in Ibeju-Lekki to Epe axis; Alot of mega project are actually coming to this axis.
(i) Lekki International Airport project; This project was initiated to decongest Murtala Muhammed Airport (MMIA) in Ikeja. In October 2022, Lagos State Governor received the approval from the federal government for the construction of the New International Airport in Aiyetoro Ibeju-Lekki. It will be sited on 3,500 Hectares of land right in Aiyetoro Scheme Ibeju-Lekki and it is designed to accommodate 5Million passengers per annum with the scope for extension in the future. This project is to commence 2023.
(ii) Lagos Film City; Lagos firm and media city is said to be built on 100 Hectares of land in Ejirin city in Epe, Lagos and it is envisioned as a sanctuary for leisure, entertainment and learning where all firm and creative industry professionals can live, work, learn and play in this peaceful and conducive environment.
(iii) Lekki-Epe Concrete Road Construction of 6 Dual Roads; This is an 18.75km reinforced concrete road and it takes shape from the Eleko junction in Ibeju-Lekki down to the T-junction in Epe. It is designated for heavy duty vehicles which has been constructed and now road construction is stating from Eleko junction to Abraham Adesanya Ajah.
(iv) 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 $9Billion. 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.
(v) Lekki Deep Sea Port which has been completed and handed over to the government. We have the Lekki Free Zone where companies can come trade without paying tax, the fourth (4) mainland bridge, Alaro City, Lekki International Golf Course, Eleganza Industries, Julius Berger Factory in Epe. This project and much more is coming to Ibeju-Lekki and Epe axis.
3 The interest of the government is in this location; The Lagos State Government focus more on this axis that is why a lot of innovation and huge/mega project are coming while some has been completed like the road Contruction of the Lekki-Epe expressway, the Lekki deep seaport among others.
As a result of the migration of investors, business owners, individuals and world class infrastructures coming to this location. Ibeju-Lekki and Epe axis has been a top-notch and a prime location to invest.