The 6 Facts You Must Know Before Investing In Ibeju Lekki
With major infrastructural projects such as Lekki Deep Seaport, the Ibeju-Epe Expressway (4th mainland bridge), the Lekki-Epe International Airport and the Dangote Refinery and Petrochemical Park set for completion over the next 2 years, the Ibeju-Lekki region is en-route to establishing itself as a major hub of industrial and commercial activity.
1. Ibeju Lekki vs Lekki Phase 1:
A plot of land in Lekki Phase 1 is between N120m – N150m and in 3yrs, it will worth N140m – N170m.
While a plot in Ibeju Lekki worth N1m today would be worth N7m – N15m in 3yrs. If you happen to invest your Lekki Phase 1 N120m – N150m in Ibeju Lekki, in 3yrs your property would be worth N700m to N1.5b.
2. The Highly commercialized International projects within Dangote Refinery project, Golf Course presence, Lekki Free trade zone, Sea port Presence, International Airport, Luxury Resorts Centers, Over 260 Estates within Naturally Landscaped Link to Outside Lagos And lots More
3.Dangote Refinery:
The Dangote Refinery is set to go into full operation in 2019. Located within the Lekki Free Trade Zone, the Dangote’s refinery is said to have the capacity to refine 650,000 barrels of crude oil per day. According to the NNPC, four of Nigeria’s refineries in Port Harcourt, Kaduna and Warri currently have a combined installed capacity of just 445,000 barrels per.
4.The Lekki Free Trade Zone:
The Lekki free trade zone was established through a joint venture between China Africa Lekki Investment Ltd (CALIL), Lagos State Government (LASG) and Lekki Worldwide Investment Ltd. This team will develop, operate and manage the Lekki Free Zone project.
This landmark free trade zone project have acquired over 215 hectares of pristine land prepared, and allocated for development. An avant-garde corporate headquarters has also been built to effectively oversee the development of Lekki free trade zone (LFTZ).
In 2012, an additional 590 hectares of land was acquired, marking the beginning of phase 2. Over the next four years, the Lekki free trade zone will see a large-scale development resulting in it becoming fully operational by the year 2019. Watch a documentary video of the LFTZ locattion.
5. Lekki Deep Seaport:
The $1.65 billion Lekki Deep Seaport, which is projected to be the deepest seaport in Sub-Saharan Africa, is slated to commence operations in early 2020. The current capacity shortfall for container terminal facilities in Lagos is estimated to be 0.8million TEUs in 2016, going up to 5.5 million TEUs in 2025.
The Lekki Deep Sea port, which is located at the heart of the Lagos Free Trade Zone (LFTZ) will have a project capacity of 2.7 million TEUs per annum. Development and construction activities of the Lagos Free Trade Zone is being undertaken by Lagos Free Trade Zone Company, a company wholly owned by the Tolaram Group. This port will be operated by the Lekki Port LFTZ Enterprise, which is also currently fully owned by Tolaram Group, but will have the Nigerian Ports Authority and the Lagos state government (LASG)as shareholders. Watch video.
6. Ibeju-Epe Expressway:
Finally, in January 2016, the LASG ensured that the abandoned Ibeju-Epe Expressway would be completed. According to the LASG, a representative of Craneburg Construction Company promised the delivery of the project within 20 months. It is important to note however, that infrastructure projects typically have extensive delays.
The Proposed Fourth Mainland Bridge.
1. Ibeju Lekki vs Lekki Phase 1:
A plot of land in Lekki Phase 1 is between N120m – N150m and in 3yrs, it will worth N140m – N170m.
While a plot in Ibeju Lekki worth N1m today would be worth N7m – N15m in 3yrs. If you happen to invest your Lekki Phase 1 N120m – N150m in Ibeju Lekki, in 3yrs your property would be worth N700m to N1.5b.
2. The Highly commercialized International projects within Dangote Refinery project, Golf Course presence, Lekki Free trade zone, Sea port Presence, International Airport, Luxury Resorts Centers, Over 260 Estates within Naturally Landscaped Link to Outside Lagos And lots More
3.Dangote Refinery:
The Dangote Refinery is set to go into full operation in 2019. Located within the Lekki Free Trade Zone, the Dangote’s refinery is said to have the capacity to refine 650,000 barrels of crude oil per day. According to the NNPC, four of Nigeria’s refineries in Port Harcourt, Kaduna and Warri currently have a combined installed capacity of just 445,000 barrels per.
4.The Lekki Free Trade Zone:
The Lekki free trade zone was established through a joint venture between China Africa Lekki Investment Ltd (CALIL), Lagos State Government (LASG) and Lekki Worldwide Investment Ltd. This team will develop, operate and manage the Lekki Free Zone project.
This landmark free trade zone project have acquired over 215 hectares of pristine land prepared, and allocated for development. An avant-garde corporate headquarters has also been built to effectively oversee the development of Lekki free trade zone (LFTZ).
In 2012, an additional 590 hectares of land was acquired, marking the beginning of phase 2. Over the next four years, the Lekki free trade zone will see a large-scale development resulting in it becoming fully operational by the year 2019. Watch a documentary video of the LFTZ locattion.
5. Lekki Deep Seaport:
The $1.65 billion Lekki Deep Seaport, which is projected to be the deepest seaport in Sub-Saharan Africa, is slated to commence operations in early 2020. The current capacity shortfall for container terminal facilities in Lagos is estimated to be 0.8million TEUs in 2016, going up to 5.5 million TEUs in 2025.
The Lekki Deep Sea port, which is located at the heart of the Lagos Free Trade Zone (LFTZ) will have a project capacity of 2.7 million TEUs per annum. Development and construction activities of the Lagos Free Trade Zone is being undertaken by Lagos Free Trade Zone Company, a company wholly owned by the Tolaram Group. This port will be operated by the Lekki Port LFTZ Enterprise, which is also currently fully owned by Tolaram Group, but will have the Nigerian Ports Authority and the Lagos state government (LASG)as shareholders. Watch video.
6. Ibeju-Epe Expressway:
Finally, in January 2016, the LASG ensured that the abandoned Ibeju-Epe Expressway would be completed. According to the LASG, a representative of Craneburg Construction Company promised the delivery of the project within 20 months. It is important to note however, that infrastructure projects typically have extensive delays.
The Proposed Fourth Mainland Bridge.
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