FIVE INTERESTING FACTS ABOUT LEKKI YOU DIDN’T KNOW
Our most recent set of blog posts have taken you through the gorgeousness of the high brow areas of Lagos- Lekki, Ikoyi & Ajah. We believe you’ve learnt a lot about these areas, if you are yet to read them, please do. In today’s blog post, we want to share with you 5 Interesting Facts About Lekki that you are likely not to know.
Without further ado, let’s drive into these interesting facts about Lekki.
5 Interesting Facts About Lekki
FACT #1: Investing in Ibeju Lekki is more profitable than investing in Lekki Phase 1
It is safe for us to say that investing in Ibeju Lekki is irresistible and worth every money you put into it! Ibeju Lekki is currently the hotspot for real estate development in Lagos. In fact, Ibeju Lagos is known to have more investment advantages than Lekki Phase 1, Ikoyi and Victoria Island.
You might be wondering why Ibeju Lekki is regarded as the “Hottest Investment Zone” in Nigeria, it is because it houses multibillion dollar projects including the following:
– Dangote Refinery
– Dangote Fertilizer Plant
– Lekki Free Trade Zone
– LA Campagne Tropicana Beach Resort
– Lekki Intl. Airport
– Lekki Deep Sea Port
– Lagos State Golf Course
– Lagos Smart City
– Numerous Beach and Resorts… and many more
FACT #2: The Lekki Free Trade Zone has received over $300 million in local and Foreign Direct Investment that will triple in the next 5 years
The Lekki Free Trade Zone is the fastest growing free zone in the world. It is also the first private free trade zone in Nigeria and the biggest in the whole of West Africa.
The Lekki Free Zone, created in 2006, is a modern free zone managed in accordance with international best practices. The zone’s 16,500 hectares are divided into four quadrants and managed by various operators, benefiting from Lagos State’s position as the premier distribution hub in West Africa.
The Lekki Free Zone faces the Atlantic Ocean to the south and the Lekki Lagoon to the north. It is bordered by five kilometers of coastline and is 50 kilometers from Victoria Island, Lagos.
The Zone is fast attracting local and foreign investors. The largest oil refinery in Africa, a fertilizer plant, petrochemical plant and a sub-sea gas pipeline project is under construction by African richest man, Alhaji Aliko Dangote, and valued at $17 billion. The largest Deep Sea Port in West Africa is also under construction opening up access for export to West Africa and beyond.
The Lekki Free Zone is regulated by the Nigerian Export Processing Authority and is subject to the laws of the Federal Republic of Nigeria.
FACT #3 Oniru used to be a slum called Maroko
2 decades ago, Oniru Lekki was not as luxurious & urban as it is today. This is because Oniru, as well as other areas in Lekki used to be called MAROKO, a famous slum which was demolished in 1990. Oniru and environs were built from this slum.
FACT #4 Lekki Belongs To Two Local Government Areas
Another interesting fact that you might not know about Lekki is that it is under 2 local governments- Eti-Osa LG and Epe LG. Lekki is bounded by Eti-Osa East LCDA on the west, Epe on the East and the Atlantic Ocean on the North.
FACT #5 The Most Expensive House In Nigeria Is Located In Lekki
Several millions of Dollars was invested in building this building owned by Okwudili Uwenyiora. Located in Lekki Phase 1, this mansion took about 4 years to be completely built. The mansion was completed in 2013.
These rare facts about Lekki are so interesting and we are glad to share them with you. Which of these facts are you aware of? Share with us in the comments section below.
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