SED PROPERTIES LIMITED
N/B: This Article tends to highlight the socio-economic viability of Ibeju-Lekki as the next Gold Mine of Africa, hence an audacious call to action, for investment and land acquisition in the area through SED Properties Ltd, a Real Estate Company with multiple landed property products located in the area, given it futuristic gain particularly in the area of land appreciation.
Big things they say, most times, come in small packages with valuables that often question human sensibilities and comprehension.
This seems to be the case of Ibeju-Lekki Local government area of Lagos which was hitherto a bushy, quiet landmass with a handful of local inhabitants, but, is now upon discovery of its innate natural potentials is fast becoming investors choice heaven with a huge presence of multi-million dollar businesses and investment belonging to both government and private individuals. The speed of development in this area is so conspicuous, that both Economic and Development analyst has forecasted Ibeju-Lekki to be the next gold mine of Africa with estimated huge revenue base annually. Business Analysts and experts have further compared Ibeju-Lekki Business area to be among the league of economic and industrial zones in the world such as; Manchester in England, Ohio in the USA, and the Shanghai Business area of China just to mention but a few. This and many more reasons are why the author deems it an excellent choice destination for the acquisition of landed properties.
DETAILS OF IBEJU-LEKKI
Ibeju- LEKKI is one of the Local government areas of LEKKI, in the coastal area of Lagos State created from Ibeju and LEKKI, which are two autonomous communities. Its closest neighbors include Epe and Eti-Osa LGAs, it is one of the fastest-growing urban areas of Lagos courtesy of strategic intentional economic planning and policies by both the Lagos State Government and Private Investors to invest and drive the economic progression of the area. With a total landmass of 175Sqmi, 445 Km, it harbors the LEKKI Free Zone with a huge presence of local and foreign mega industries and Investment. Ibeju Lekki has a population of 117,481(According to 2006 Nations Census), this population figure has since tripled, as it is currently regarded as one of the most sought after location by Real Investors and other industry experts and players. As a pre-urban area, it has a growth of 16% in urbanization annually.
Ibeju Lekki also attracts massive amounts of tourism as it is endowed with beautiful lagoon views and ocean fronts. It is also one of the LGAs for planned Lekki City. With the actualization of the blueprint, Ibeju Lekki is expected to become a central hub for business, manufacturing, warehousing, and logistics.
Forecasts have been made about an increase in commercial activities in the area as a result of these developments which will create thousands of jobs and make the area a major business location in the country.
The area is subdivided into two distinct areas, a Business District and a Residential Area where landed properties belonging to SED Properties and other estate developers is located.
For one to be able to understand the level of development of Ibeju-Lekki, as well as be able to predict its future potential, it will be necessary to understand the availability of key drivers, condiments of this socio-economic transformation. Hence, we shall now review some of the drivers of hyper development in Ibeju-Lekki.
SOME MAJOR CHARACTERISTICS/DRIVERS OF DEVELOPMENT IN IBEJU-LEKKI.
- Good Road Network*
One major driver of the development of an area all over the world is the availability of a good road network which enhances the human and vehicular movement of goods and services. This is a major advantage of the IBEJU-LEKKI area. About 90% of parts of Ibeju-Lekki boasts of the well structured motorable road network. This surely makes the area easy for human and vehicular accessibility which is key for business and development. Portholes are not a regular feature of roads in this area, this is obviously due to the already established huge presence of multiple, multi-billion naira investments in the area.
They surely need this good motorable road for their business to thrive and this is for sure, one of the key advantages you are to enjoy ones you purchase any of our properties in this area.
- Uninterrupted Power Supply*
Another key promoter of development according to experts is a constant electric power supply. The availability of power creates an increase in productivity, research, and innovations as well as enhances security. This is the prevailing condition of IBEJU-LEKKI were SED property’s is located and we are sure, you wouldn’t want to miss this basic social need.
- Maximum Security of the area*
Security of Investment is one of the greatest desires of every investor, as such IBEJU-LEKKI as the next business hub of Lagos is highly equipped for this. Aside from the many presences of Police Stations of the Nigeria Police Force (NPF), and other National Security personnel within the area, many of the Investment Companies and Residential quarters in the area have adequate provisions for personal internal security. This security measure is further enhanced by the presence of high power CCC TV Cameras. The implication of this is that your investment, property, and neighborhood are adequately protected and secured.
Put together, good road network, uninterrupted power supply, and maximum security of the area yields and enhance commercial activities such as Banking, Retail, wholesale, manufacturing, Hotelier, Hospitals, churches, mosques, etc. In doing all this, there will be a strong demand for landed property, both now and in the nearest future, hence every investment in the land will surely yield mind-blowing return
NOTABLE INVESTMENT AT IBEJU-LEKKI.
In Ibeju Lekki, there are on-going and proposed industrial developments such as the Dangote Refinery which is expected to be the world’s biggest single-train facility and estimated to cost $9bn. It covers a total area of 2,635ha on the Lekki Free Zone near the Lekki Lagoon, enabling easy shipment of refined petroleum products to international markets. The refinery is expected to double Nigeria’s refining capacity, largely to accommodate the pressing demand for fuel and export to foreign markets in and out of Africa.
Lekki International Cargo Airport
There is also the Lekki International Airport project which was initiated to lessen the pressure on the Murtala Muhammed Airport (MMIA) in Ikeja. The master plan of the new airport shows that it’s designed to cater to wide-body, double-deck, and four-engine aircraft with the capacity for up to 500 seats. For a start, the Airbus A380 is expected to carry two million to five million passengers per annum with future prospects of expansion to cater to the increasing aviation needs of the rapidly developing Lekki area and its environs.
LEKKI FREE ZONE
Another Massive investment at Ibeju Lekki is the Lekki Free Trade Zone. A Free Trade Zone is an area set aside for special economic activities. This implies a place where trade activities can be carried out without delays from customs authorities.
Lekki Free Trade Zone (LFTZ) is one of many future projects embarked upon by the government of Lagos state in its bid to become a smart city, regarded as the business hub of Nigeria and the commercial nerve center of West Africa sub-region. The Zone has been predicted to be a major catalyst for the development of Lagos state brought about by a collaboration of the Chinese and Nigerian governments with a core objective of increase foreign exchange earning and gainful employment for the country. Being the first Smart City in Nigeria with over 200 billion already invested, the Lekki Free Zone is expected to churn out 300,000 direct jobs and 600,000 indirect.
DANGOTE FERTILIZER PLANT
It is another project by the Dangote group at Ibeju Lekki, a 4 minutes drive from Dangote Refinery. The refinery and fertilizer projects of Dangote Industries Limited are estimated to create a minimum of 235,000 new jobs, both directly and indirectly.
Furthermore, Ibeju Lekki is housing some of Nigeria and even Africa’s choice developmental projects such as the;
- Lekki Free Trade Zone (LFTZ)* a $25 billion project with the presence of over 64 global companies
- Dangote Refinery (Biggest in Africa & 6th in the world)* a $14 billion project.
- Dangote Petrochemical company*
- Dangote Gas Pipeline Company*
- Dangote Fertilizer Company*
- Lekki Deep Sea Port* a $1.65 billion project (Deepest Seaport in Sub-Saharan Africa)
- Lagos Smart City (modeled after the Smart City Dubai)* the first Smart City in Africa
- Newly opened Novare Shopping mall* (Shoprite) in Lagos’ largest shopping mall
- Lakowe Lakes Golf Course*
- The New Eko Tourist Beach Resort*
- The 4th Mainland Bridge
- Multi-billion naira Lekki-Epe International Airport
- Eleganza Industrial City*
- Coscharis Motors Ltd*
- Pan Atlantic University* (Permanent site of Lagos Business School)
- St Augustine University* (First Catholic University in West Africa)
- La Campagne Tropicana Beach Resort
- Eleko Beach
- Power Oil Factory
- Dano Milk Factory
- Indomie Food Factory
- Corona School
- Diocese of Lagos owned Anglican Church City ( Over 1,000plots of land for Secondary School, University, worship place, etc.)
- Others include many lovely Hotels, Hospitals, Schools, Housing Estates, Factories, Banks, Shopping Complexes, Mobile Police Unit Baracks etc.
It is pertinent to note that about 75% of Nigerians seem to be totally unaware of the massive wealth creation and asset appreciation opportunity available in Ibeju-Lekki, now popularly knowns as the New Lagos. However, the Lagos State government, the richest man in Africa, Alhaji Aliko Dangote, the United States government, the Chinese government and other streams of investors seem to have discovered the bright prospects of this Investment Community, with sustainable economic growth prospect and has positioned itself for business, would you not rather follow suit and get your business and investment enlisted in this gold mine?
THE PLACE OF REAL ESTATE IN THE GOLD MINE.
As earlier stated, the Ibuju-Lekki business area is geographically subdivided into a kind of Business District and Residential area.
Every smart investor knows that one of the secrets of the most successful Real Estate investor is that they buy land on the fringe of development at an incredibly low price and exercise a little patience for capital appreciation as a reason for the development. This implies an incredibly high sell for low price purchase. A typical example of this kind of progression is Ikeja, which started off, as a mere residential area, but has today become an expensive destination for both businesses and residents.
Given recent robust development, thousands of people and companies already own landed properties at the Residential area of the Free Trade Zone of Ibeju-Lekki realizing how lucrative the investment opportunity is. This land certainly is to serve for different purposes both now and the nearest future, I.e, Re-sell, Rental, Building’s, Mini Estates among others. Other future investment possibilities in this area include Hospitals, Hotels, Schools, Churches and Mosques, Banks, among others. This enlisted project will surely trigger development pushing up the demand for land in the nearest future with mind-blowing prices centered on the workings of demand and supply.
So, ensure you invest now in this emerging gold mine of Africa. It is real estate investing in the fastest developing area in the African continent which shockingly still sells for less… At Ibeju Lekki!
Currently, our Company, SED Properties have three different Estates selling in this area. The lands are available for all category members of the society. This is because as a company, we understand the dynamic realities of our society, hence we have a plot of land at Marple Garden Estate selling for 700,000naira, Prime Coast Estate sells for 800,000naira while Classic Royale Land sells for 1.5million naira only, all located at Oke Imudun area of Ibeju-Lekki, a 30minutes drive from the business area. All lands are fully titled with all necessary documents for proof of ownership, free from government acquisition and land grabbers, can be verified from the Lagos State government directorate of land services, Alausa. The primary neighborhood of this area is an array of residential estates.
Obviously! What is happening at Ibeju-Lekki as we have already narrated to you is Development in Progress! it’s not strolling, it is robust! Be a Part of it. Make haste while the Sun Shines!
Trust me, you are about to make one of the wisest decisions in your lifetime!
Contact us today on info@SedProperties.ng. or check out our Website@www.sedproperties.ng for more info.