In the world of real estate, we all know that location is the golden ticket to success. And if you’re on the hunt for the next investable city in the bustling Nigerian real estate market, look no further than Ibeju-Lekki and its neighboring locations.

Overview of Ibeju-Lekki

Ibeju-Lekki is a Local Government Area in Lagos State, Nigeria. It is located on the Atlantic coast and is bordered by Eti-Osa LGA to the west, Epe LGA to the east, and Ogun State to the north. The LGA has a population of over 140,000 people and is one of the fastest-growing areas in Lagos State.

The name “Ibeju-Lekki” comes from the two main towns in the LGA: Ibeju-Agbe and Lekki. The LGA has a total land area of 455 square kilometers.

Ibeju-Lekki is home to several tourist attractions and leisure destinations. It boasts beautiful beaches, resorts, golf courses, and nature reserves. These include Eleko Beach, La Campagne Tropicana Beach Resort Ibeju-Lekki, Lakowe Lakes Estate Golf Course, Hedge Resort, and Lakowe Beach.

Early History

The area now known as Ibeju-Lekki has a rich history dating back several centuries. It was reportedly founded over 500 years ago by Ageduwa, one of Oduduwa’s sons. The first settlers engaged in farming, fishing, and trading activities.

As Lagos experienced population growth and urbanization, the demand for residential and commercial space increased. This led to the city’s expansion towards the Lekki Peninsula, including the Ibeju-Lekki area.

In 2006, the Lagos State government, under former governor Bola Tinubu, now the next president from May 27, launched the Lekki Free Trade Zone project in Ibeju-Lekki. The aim was to create a world-class, eco-friendly business and industrial hub to attract local and foreign investments. The project encompasses a vast area and has attracted numerous industries, including manufacturing, logistics, and financial services.

Source: https://hybridlandtech.com/2023/05/14/ibeju-lekki-brief-history-and-5-major-developments-increasing-real-estate-values-there/

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