Ibeju Lekki To Generate Over $5b Dollars For Lagos (9 Reasons)
Ibeju Lekki is a fast developing city and is the fastest developing Local Government Area in Nigeria. It is all so the first and only local government area in Nigeria to have an Oil Refinery, Sea Port and International Airport, which is like having Port Harcourt, Apapa and Ikeja in one place.
You can imagine what the local government will become in the next 10 years from now.
Hope you can understand why I said it will generate over $5b for Lagos state.
Table Of Contents
- 9 Reasons Ibeju Lekki Will Generate Over $5b For Lagos State By 2027.
- #1. Lekki International Airport
- #2. Lekki Deep Sea Port Located in Ibeju Lekki.
- #3. Lekki Free Trade Zone (LFTZ .
- #4. Lekki Smart City Project.
- #5. La Campagne Tropicana Beach Resort In Ibeju Lekki.
- #6. Dangote Oil Refinery Located In Ibeju Lekki.
- #7. Land Revenue.
- 8. Pan Atlantic University In Ibeju Lekki.
- 9. Poplulation Growth In Ibeju Lekki.
9 Reasons Ibeju Lekki Will Generate Over $5b For Lagos State By 2027.
The N7bn Lekki International Airport is a Lagos state project situated in Ibeju Lekki. It is designed to drive urban development and tourism in the Ibeju Lekki Area of Lagos state. It is Located about 10km from Lekki Free Trade Zone (LFTZ).
This is to ease the traffic of people who will be trying to use the Ikeja International Air Port therefore increasing the rate at which foreigners and citizens can access the Lekki Free Trade Zone and other social infrastructure present in the Ibeju Lekki region.
The $1.5bn Lekki Deep Sea Port which the Lagos State Government started in constructing in 2015. It will then be the largest seaport in Nigeria by the time it starts operation, the Lekki Deep Sea Port will be able to handle around 6 million Twenty-foot equivalent unit of containers.
You might be asking of what use is another sea port when we have Apapa and Tican sea port already, let me tell you something my dear, the Lekki FREE Trade Zone will be housing more than 200 manufacturing companies plus the Dangote Oil Refinery.
Would rather let them all go through Apapa and Tican before they bring in raw materials or export their finished product or would you build a more closer one for them to hit the ground and start running?
This is the prime project that will boom Ibeju Lekki by 2027 as I write today the project has attracted over 64 companies both local and foreign who are ready to invest over $25 million in the zone.
Lekki Free Trade Zone is also an historic project that Lagos state government is very proud of.
#4. Lekki Smart City Project.
Lagos state government and Dubai went into partnership to build the first Smart City in Nigeria.
This $300m Lekki Smart City project is located in Ibeju Lekki.
The Smart City has been acknowledged to be the first self- sustaining eco-friendly smart business city in Africa.
This is a city where a plot of land will be sold between N64 million and N429 million based on the payment plan and size of plot.
The aim is to create Africa’s Version of Silicon Valley to serve the ever growing Tech Industry in Nigeria. In case you are still wondering what a Smart City is, just take a good look at your smart phone to get a good idea of what to expect.
La Campagne Tropicana Resort is a 4-Star resort located at Ikegun, Ibeju Lekki LGA, Epe Expressway, Lagos. This resort, situated on the coast of the Atlantic Ocean bordered by the fresh waters of Ikegun Lake.
Is a breathtaking epitome of natural splendor and man-made beauty perfect for fun seekers and holiday makers who wish to escape the hustle and bustle of the Lagos metropolis.
It is currently the most visited beach resort in Africa.
The $17bn Dangote Oil Refinery which is the largest single line refinery in the world with a processing capacity of 650,000 barrels of oil per day.
You can follow this link to read more about Dangote Oil Refinery.
Land is the most precious asset in Lagos state and the government is working hard to make sure that they make the most revenue out of it since they do not have much of it.
Last year Lagos state made $7bn from land use charge. You can read more about that on the Vanguard Nigeria website.
So you can imagine what will happen when the remaining part of Lagos land is in use and then the owners now pay their Land Use Charge (LUC).
Pan-Atlantic University is a private, non-profit educational institution in Lagos, Nigeria. The university had its origin as the Lagos Business School (LBS), established in 1991.
The Ajah Campus was completed in 2003 and in 2010 work began on the Ibeju Lekki campus.
We all know what the presence of an institution does to an area.
According to CityPopulation, Ibeju Lekki area has over 150,000 in 2015.
Imagine what it will become by the time all projects starts operation. And you know what that means to the state.
By the time the Lekki Free Trade Zone, Dangote Oil Refinery, Lekki SmartCity, Lekki int’l Airport, Lekki Deep Sea Port will be completed and the La Campagne Tropicana Beach Resort and other resorts attracting people all over the world, Ibeju Lekki will become something else.
By then only those who were smart enough to invest in Ibeju Lekki will be singing Halleluiah.
Be smart now and get even if it is a plot of land in Ibeju Lekki now that you can still get it, believe me you will thank me later for this golden advice.
There are land selling from ₦270,000 to ₦18,000,000. You can check the list of landed property on this site to choose the one that best suits your financial budget.
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