Lagos State is the centre of commercial activities in Nigeria.
It ranks as the most important state in Nigeria. In fact, it would not be a blunder to call it the most important state in Africa.
However,
Not only does this state happen to be one of the most commercially important in Nigeria, but it also happens to be one of the most populous in the country.
But despite how important it is, it is the smallest state in the whole of Nigeria, in terms of land area.
And over the past few decades, the state has grown from being filled with thousands of people into being filled with tens of millions of people. And in the next few decades, the population of the state is expected to grow a lot higher.
But despite how populous and small the state is, only a fraction of its land is being taken full advantage of.
And while the state might have been able to cope with its population density all these whiles, its current population density is starting to become a serious problem. But as a responsible government, the government of the state has started to make plans to expand commercial activities of the state to areas that are underutilized.
And this whole story is how Ibeju Lekki’s popularity was born.
Ibeju Lekki is a local government area in Lekki, and it has existed for a long time.
About a decade ago,
It wasn’t a busy area in Lagos. However, the plan to expand the commercial area of Lagos has caused this local government area to become one of the fastest-growing places in Nigeria.
In other words, plans are being made to make Ibeju Lekki one of the busiest places in Lagos.
As of the time of writing this content, a plot of land in the area usually cost between N500,000 and N5,000,000. But in a few years’ time, the prices of land are expected to explode really big.
In other words,
If any time is the best to invest in Ibeju Lekki, it is now.
Pieces of land bought during this period have the potential of appreciating by as much as 1,000 per cent, in 10 years time. So this kind of opportunity is never the kind you should miss if you have the money to invest. It’s a once-in-a-lifetime opportunity.
Some Proofs
Do you have a hard-time believing Ibeju Lekki to be a great investment opportunity? If yes, then here are some proofs:
Dangote Refinery & Petrochemical Plant
For people who have a hard-time believing, Ibeju Lekki would be a great investment, first and foremost, I’d like to state that Africa’s richest man, Aliko Dangote, has secured a very large piece of land in this area.
But not only that,
The man also happens to have started the construction of his Dangote Refinery & Petrochemical Plant, on this piece of land. In other words, if Africa’s richest man is going big on this, why shouldn’t you?
New International Airport, Ibeju Lekki
The Murtala Muhammed Airport is arguably the most important airport in Nigeria.
But,
For some years, the airport has been operating at full capacity. In other words, a strong need for expansion is being felt.
However, due to the fact that expansion of the Murtala Muhammed Airport alone wouldn’t solve the current load facing the airport, Lagos state government decided to build a new airport.
And interestingly,
Ibeju Lekki was selected as the location for this new airport., imagine how much a piece of land around the airport would be worth, in the next 5 – 10 years, when the airport is operational.
Lekki Free Trade Zone
The Lekki Free Trade Zone which is currently under development is another element that guarantees good ROI on investments made in pieces of land in Ibeju Lekki.
For those who have little understanding of the meaning of free trade zone, a free trade zone is an area in a country, where business policies are more favourable for businesses, both local and international businesses.
In other words,
With the Lekki Free Trade Zone being the biggest free trade zone in Africa, we expect to start seeing a lot of local and international companies coming do businesses in this zone. And as a result, we expect to see an appreciation in the value of lands in this area and areas around the Lekki Free Trade Zone.
New Deep Seaport
Another element which guarantees great ROI on plots in Ibeju Lekki is the New Deep Seaport planned to be developed in the area.
Upon completion,
This port would become the deepest of all seaports in Nigeria. In other words, commercial activities in Ibeju Lekki is expected to explode and become one of the most important, upon completion of this deep seaport. So to put in simpler terms, this means pieces of land bought now would have appreciated massively in the next 5 to 10 years.
Lagos Smart City
Nigeria and all other African countries have no smart city. But plans to develop a smart city in Ibeju Lekki, is currently ongoing. And once this smart city starts to become a reality, the area is expected to become one of the most visited and most expensive. In other words, when the smart city starts becoming a reality, the prices of lands in this area are expected to be a lot higher than they currently area.
Ibeju Lekki is currently one of the fastest-growing places in Nigeria and Africa. And if you’d love to make an investment that would pay off massively in the next 5 to 10 years, then this is the right time to secure a piece of land in the area.
Where in Ibeju Lekki can I Buy a Piece of land?
As of the time of writing this content, there are many estates in Ibeju Lekki where pieces of land are being sold. And Gracias Next Generation Estate and Gracias Pearl Estate are two of the popular places where you can get a piece of land, with rest of mind.
Gracias Next Generation Estate
Gracias Next Generation Estate is currently one of the best places to buy a piece of land in Ibeju Lekki. A 400 sqm plot of land sells for N450,000, as of the time of writing this content. And as for 600 sqm pieces of land, they cost N650,000.
When you buy a piece of land in this estate, you get a free deed of assignment. And if you buy up to six plots of land, you get one plot for free.
You should, however, note that the current title of the estate is “Excision in process”.
In other words, you should understand the risk of buying a land that is not excised.
Need help buying a piece of land in this estate? Contact us Today!
Gracias Pearl Estate
Gracias Pearl Estate is another great estate you can buy pieces of land in. In this estate, you can get a 600 sqm piece of land at N850,000. But in the next 5 – 10 years, the price is expected to be close to or higher than N10 million.
You should, however, note that there are surcharges, when buying from this estate. You’d have to pay for survey, development, and deed of assignment. The survey costs N250,000 and the development fee is also N250,000. However, as for the deed of assignment, you’d be asked to pay N50,000.
As for people who’d love to secure a piece of land in this estate, but can’t afford a one-time payment, you should note that instalment payment is allowed. There’s the 3-month instalment plan and the 6-month instalment plan. For the 3-month instalment plan, you’d have to pay N900,000 for a 600 sqm plot, excluding the surcharges. And as for the 6-month instalment plan, you’d have to pay N950,000 per 600 sqm.
It is also important to state that Gracias Pearl Estate has the title “Excision in Process”. In other words, before buying a piece of land from this estate, you should understand the risk associated with buying lands that are yet to be excised. Need to make enquires? Contact Our support
Closing TL;DR
Ibeju Lekki is currently one of the best investment opportunities in the Nigerian real estate industry. And with every day that passes, the ROI diminishes.
In other words, now is the best time to invest in this local government area. And while the estates I mentioned above, are not excised estates, this doesn’t mean there aren’t excised pieces of land in the area.
There actually are, and finding them should be little or no problem.
