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Ibeju Lekki, Hot Cake For Real Estate Investors

Lands in Ibeju Lekki are fast becoming “hot cakes”, here’s why:

 
1. The Lekki Free Trade Zone area is geographically located in Ibeju Lekki. This area cuts through Eleko Beach road to the free trade zone road to La Campagne Tropicana Beach Resort.

 

2.The Master plan of the LFTZ area is designed to be built as a satellite city in Lagos for eco-city for residents, dynamic commerce and trade and modern industrial business.

 

3. The Free Trade Zone is being developed as a multi-product and logistics hub for the entire West African Region. Strategically located 60km east of Lagos, the zone is well connected by road, sea and by air. Upon completion, it will spread over an area of 805 hectares and will house a number of petroleum and petrochemical complexes, ago-commodity and other manufacturing industries.

 

4. The Dangote Refinery and Petrochemical Industry is just 4 minutes’ drive from the Free Trade Zone. Dangote Refinery is a $14 billion project set to be completed in 2019. On completion, the refinery will have the capacity to refine 650,000 barrels of crude oil per day.

 

5. Opposite the Free Trade Zone is the Lekki Deep Seaport. The Deep Seaport is designed to handle about 6 million Twenty-foot Equivalent Units (TEUs) of containers. The deep seaport is proposed to be in full operation in 2019 and it is estimated to create 169,000 jobs directly and indirectly.

 

6. Dangote Fertilizer Plant is 4 minutes drives from Dangote Refinery. The refinery and fertilizer projects of Dangote Industries Limited were expected become operational in the first quarter of 2019 and were estimated to create a minimum of 235,000 new jobs, both direct and indirect.

 

7. The La Campagne Tropicana Beach Resort is another landmark on the LFTZ axis. The Beach Resort is about 15km drives from the Dangote fertilizer plant.

 

8. According to Governor Ambode, “the Smart City (Lagos) is expected to bring multi-billion dollars investments to the State, create thousands of jobs and transform the Ibeju-Lekki axis in particular and the entire Lagos State in general”.

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