02/10/2018
My name is Samuel Metajuwa and I am a real estate consultant.
Basically, my job is to bring genuine properties from developing areas to my clients to yield high return on investment within few years.
This is my advise to you on why you should consider investing in Ibeju Lekki properties right now.
The Ibeju-Lekki axis you're seeing is the same location where the Lagos state government site the largest Free Trade Zone in West Africa - called the *Lekki Free Trade Zone*.
This Free Trade Zone will open up this axis and will surely surparse the development seen in Lekki Phase 1 of today.
The FTZ is the idea of the state government, and partners big Chinese consortiums and ever since over 60 companies have started and operating in this zone.
Now, less than 2 minutes drive from the Free Trade Zone is where the richest man in Africa is constructing his *Oil Refinery and Fertilizer Plants*.
The Dangote Oil Refinery is going to be the largest private refinery in Africa come 2019, *producing 650,000bpd*. Beside it is the Fertilizer Plant.
Dangote is going to generate his own electricity, which he can not consume all. So he is going to push it to neighbouring towns and countries interested.
The same road where Lekki Free Trade Zone and Dangote Refinery are sited, is the same road most of our estates are located - about 5 to 15 minutes drive apart.
The Dangote Refinery is expected to start partial operation in 2019.
In few years to come, once all the mega projects materialize, this axis of Ibeju-Lekki will shoot up commercially and industrially.
*Value of properties in this axis will multiply* and early grabbers will benefit highly from the development in few years time.
Also happening in this axis include the new *Lekki International Airport*, *Deep Seaport* (commissioned by V.P Yemi Osinbajo early this year) - largest in West Africa, *Dangote Jetty* (already operational), *Smart City Lagos*, ongoing construction of an *alternative road* linking the FTZ to Lekki-Epe Expressway and dualization of the *Coastal Road into 8 lanes*.
Other companies already operating in the axis are *Power Oil* (maker of Indomie), *Kelloggs* (maker of Coco Pop), *Eleganza Industrial City*, *Pan Atlantic University* (permanent site of Lagos Business School), *Goodwill Technologies Nigeria*, *Globe Motors* (Hyundai assembly plant), several private gated estates, etc.
And *Shoprite Ibeju-Lekki* is already positioning itself as we speak.
And this axis we are talking about is just about 50 minutes drive from the Ajah flyover bridge; Jubilee Bridge.
And this is the future go-to area of Lagos as it is already termed 'THE NEW LAGOS' and the *Dubai of Africa*.
Lagos State even forecasted that *70% of Lagos wealth will come out of this axis come 2025*.
Even companies are now positioning themselves in the axis waiting for 3 to 5 years for the axis to shoot up.
Sir/ma, as an *informed real estate consultant*, I will advise you position yourself in this axis as early as possible because landed properties are still very cheap here.
And the most interesting part is... land here *appreciates faster than anywhere else* in the country.
An example is Westwood Park that was sold for N8.4m in March last year. As I write, this estate is going for N16m. That is a whopping lot of capital appreciation in just about 16 months.
I took a client to that axis few months back, he was lamenting how he missed the opportunity of investing just 50k in Maroko (now Lekki) back in the 90s. And promised to never let this opportunity (investment in Ibeju-Lekki) pass him by.
*"The place is far"* - this was the same thing many people said during the transformation of the old Maroko into the present day Lekki. As I write this, the minimum price of land in Lekki of today is N100m. Imagine buying a plot of land during this transformation in Maroko back in the late 90s for just N50,000 and selling it 120m today. What if you bought an acre back then? That is 120m x 6 = N720m from an investment of just N300k.
This is what is going to happen in Ibeju-Lekki in few years to come.
My best advise to you - buy as many plots as you can and keep because we *buy real estate and wait, we don't wait to buy real estate*.
Thank you.