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THE MEGA PROJECTS THAT WILL DRIVE VALUE APPRECIATION IN IBEJU-LEKKI
  • Feb 20, 2018
  • 1. LEKKI DEEP SEA PORT

The Port at Lekki is the new seaport of Lagos in Nigeria with construction to commence in 2015 and be completed by 2018. It will then be the largest seaport of Nigeria. When in service, the Port at Lekki will be able to handle around 6 million TEUs (Twenty-foot Equivalent Unit) of containers, together with a significant volume of liquid and dry bulk cargoes.

  • 2. THE FREE TRADE ZONE

The Lekki Free Trade Zone project is aimed at developing, operating and managing a modern Free Zone in accordance with international practice by making full use of the advantages of Lagos as being the important distribution hub in West Africa, thereby further enhancing the economic cooperation between Nigeria and China with their mutual complement and compatibility of resources, optimizing the Nigerian industrial structure and improving its national living standard. Lekki Free Zone Development Company FZC (LFZDC) in Oct. 2006, embarked on the Phase I Development of LFTZ, named as “China-Nigeria Economic & Trade Cooperation Zone” (CNETCZ) which covers approximately 1200 hectares.

 

  • 3. DANGOTE $9 BILLION REFINERY AND PETROCHEMICAL INDUSTRY

Dangote is currently establishing a 500,000 barrels per day capacity refinery which would start operations in Nigeria by 2017.The new refinery, which is worth $9bn, is to be situated in the Lagos area close to the Lekki Free Zone.

In February 2014, Governor Fasola and Nigerian billionaire Aliko Dangote met with the Ibeju-Lekki Chiefs in respect of this massive project. Dangote had earlier said the communities stand to benefit enormously as over 8,000 engineers and numerous workers would be trained while jobs would be created for youths of the communities.

  • 4. LEKKI INTERNATIONAL AIRPORT

The Lekki-epe international airport which is located about 10km from Lekki Free Trade Zone and it’s expected to gulp NGN71.64bn in its first phase and it is expected to cater for Airbus A380, which experts said makes it a code F compliant airport. It is expected to begin operations with initial capacity of 2million passengers per annum and exceeding 5million by 2015.

 

OTHER PROJECTS

    • 5. PAN ATLANTIC UNIVERSITY
    • 6.. INDUSTRIAL PARK
    • 7. LEKKI GOLF COURSE/LEKKI COUNTRY ESTATE
    • 8. SEVERAL PRESTIGIOUS GATED ESTATES

 

Therefore, it is obvious and no less irrefutable that an investment in Ibeju-Lekki and the Free Zone area is a gilt-edge, blue-ribbon and cashed-backed one that will yield astronomical returns in the future.

 

Be among the smart far-seeing investors who are investing profusely in this area.

 

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