6 Major Economic Developments At Ibeju Lekki

6 Major Economic Developments At Ibeju Lekki
The prospect of Lekki Deep Seaport
October 30, 2019
Land Uses
Purposes of Land Uses
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6 Major Economic Developments At Ibeju Lekki

We highlight 6 major economic developments at Ibeju Lekki on this post.

In our previous post ”The Prospect of Lekki Deep Seaport” we listed out possible developments in that area.

There was also news about how the Governor of the State, Mr Babajide Olusola Sanwo-Olu, signed the $629 million financing facility aimed at the completion of the Lekki Deep Seaport project.

Certainly, this is no joke as Ibeju Lekki is fast becoming an open and developed space.

Here are the 6 major economic developments at Ibeju Lekki

Dangote Refinery

Firstly, the refinery is expected to be the world’s largest single-train facility, estimated to cost $9bn.

Which also means more employment, accessibility and economical growth in Ibeju Lekki and Lagos State as a whole.

Lagos Free Trade Zone

It is the first privately owned free trade zone in Nigeria and the biggest in West Africa.

Lekki International Airport

For a start, 2 million to 5 million passengers are expected to fly per annum.

The Deep Seaport

On the other hand, It’s dubbed as the deepest port in Africa and expected to create about 170,000 direct jobs.

The 4th Mainland Bridge and Masterplan

The 4th mainland bridge is a proposed four-lane dual carriageway, estimated to cost N844 billion.

The Dubai Smart City Deal

So it is between Dubai and the Lagos State government. The deal is expected to import Dubai’s innovative prowess to develop the Ibeju Lekki axis.

In other words, the value of real estate properties at Ibeju Lekki is expected to triple in the next 10years.

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