MAJOR PROJECTS/ INFRASTRUCTURE IN IBEJU-LEKKI
We have tour the nooks and crannies of Ibeju-Lekki and the beauty of the tour on the first point of call is the creative and outstanding infrastructures.
Another great thing about Ibeju-Lekki is the outstanding projects, infrastructures, buildings and facilites that are presently under construction.
Some of these projects are:
*LEKKI DEEP SEAPORT:
The $1.65 BILLION LEKKI DEEP SEAPORT is the deepest seaport in Sub-Saharan Africa to be fully operational in 2019. The capacity for container terminal facilities in Lagos is estimated to be 0.8 million TEUs in 2016, that will go up to 5.5 million TEUs in 2025. The lekki Deep Sea Port, which is located in the heart of the Lagos Free Trade Zone (LTFZ) will have a project capacity of 2.7 million TEUs per annum. Development and construction activities of Lagos Free Trade is being undertaken by Lagos Free Trade Zone Company, a company owned by the Tolaram Group.
This port will be operated by the Lekki Port LFTZ Enterprise, which is also owned by Tolaram Group, but will have the Nigerian Ports Authority and the Lagos State Government (LASG) as shareholders.
IBEJU/EPE EXPRESSWAY: Finally, in January 2016, the LASG ensured that the abandoned IBEJU-EPE EXPRESSWAY would be completed. According to the LASG, a representative of Craneburg Construction Company promised the delivery of the project within 20 months (±H2:2017). It is important to note however, that infrastructure projects typically have extensive delays.
Furthermore nearby, estates including LAKOWE LAKES ESTATE, CHOIS GARDENS, ADIVA PLAIN FIELDS ESTATE, Residence de la Paix and Green Park will support this commercial growth through the delivery of housing units and serviced plots of land. More residential developments are expected in the region as the infrastructure projects outlined above move closer to completion.
Currently, developers are selling TWO and THREE BEDROOM apartments for ±₦10 million and ±₦14 million respectively, while other real estate companies are selling plots of land in Ibeju-Lekki within the loose range of ±₦800,000 to ₦5 million depending on proximity to the expressway and these infrastructural projects.
ELECTRIFICATION PROJECTS FOR 67 COMMUNITIES:
Lagos State Governor, Mr. Akinwunmi Ambode has commissioned an electrification project connecting 67 communities in Ibeju-Lekki area of the state to the national grid.
Governor Ambode, commissioned the project amidst fanfare from joyous residents, and also announced the readiness of the state government to pay the electricity bill of the residents until the installation of meters in all the homes in the communities.
The project was another success story of the Light Up Lagos Project, an initiative of his administration.
The Light Up Lagos Project, which is a key program of the Ambode administration, was built on a tripod which included Community Electrification, Street Lightening and Power Advisory Committee made up of key stakeholders from the public and private sector.
*DANGOTE REFINERY AND PETROCHEMICAL PARK:
Ibeju-Lekki is host community of the world acclaimed and largest refinery in West Africa DANGOTE GROUP’S REFINERY AND PETROCHEMICAL PARK. Its commercial operational use will be in 2018. Dangote Refinery and Petrochemical Park enjoys the same located within LEKKI FREE TRADE ZONE. The Lekki Free Trade Zone was established through a joint venture between China Africa Lekki Worldwide Investment Ltd (CALIL), Lagos State Government (LASG) and Lekki Worldwide Investment Ltd.
Dangote’s refinery has the capacity to refine 650,000 barrels of crude oil on a daily basis. This will be a economic boost to individual and corporate investors in the area, you are therefore urged to invest in the Ibeju-Lekki. Investing in Ibeju-Lekki is a wise choice, invest now.
NEW INTERNATIONAL AIRPORT
Undoubtedly, one of the monumental projects of any country in the world is the country’s international airport because it is a place of first point of call to foreigners. This is a multi billion Naira project located in the Ibeju-Lekki/Lekki Free Trade Zone, LFTZ of the state.
The airport is currently undergoing development in Ibeju-Lekki and it is to be developed on a modular basis at an estimated project cost of N71.64 billion in its first phase and is expected to commence operation with a conservative capacity of two million passengers per annum, reaching five million passenger by 2015. It is a salable airport that is designed to cater for the Airbus A380, making it a code F complaint airport as well as boost economic activities around LFTZ. This airport will attract and drive urban development and tourism into the Ibeju-Lekki axis of Lagos State.
INTERNATIONAL CAR ASSEMBLY PLANT:
The Lagos State Government has commence work on the construction of a Metropolitan Park on a 5-hectares parcel of land at Ayeteju in Ibeju-Lekki, along the Lekki-Epe Expressway. The proposed recreational park will serve the people of Ibeju-Lekki and its environs. When it is fully completed, it will be the biggest publicly-owned park in sub-Saharan Africa, and will feature a mini zoo, playing area of children, fitness centre, multi purpose game court, and other features.
WORLD CLASS GOLF COURSE:
Lakowe Lakes Golf and Country Estate is an exclusive 308-hectare residential development set within a scenic countryside around an 18-hole world-class golf course. The estate provides premium plots to house residences detached and town homes, and corporate lodges. It will include requisite amenities, such as a clubhouse, halfway house, golf academy, and recreation center amongst others, all complete with first class infrastructure. Additionally, the estate offers an array of lakes, of which the spectacular 55-hectare man-made lake is the main feature.
Lakowe Lakes is in Ibeju-Lekki Local Government Area, approximately a 35 minutes drive from Victoria Island. The site is accessed via the Lekki-Epe Expressway, clearly marked by prominent directional signage.
The most unique and outstanding thing about this Lakowe Lakes Golf and Country Estate is that it’s the only development of its kind in West Africa today. It is situated in an area of unspoilt natural beauty, amidst a pristine coastal forest setting to offer a scenic golf course, designed by PGA professional and golf course designer, Robert O’Friel- Furthermore, the stunning 55-hectare recreational lake will provide residents unparalled private access to expansive aquatic sports activities. Or her planned amenities for Lakowe Lakes include the members only golf clubhouse, a lakeside recreational centre, jogging path, corporate lodges, an events centre etc to create a complementary balance.
4th MAINLAND BRIDGE:
The 4th Mainland Bridge will complement the 3rd Mainland Bridge, the essence of this is to cater for the massive shift of development coming into Ibeju-Lekki area and would go a long way to boost the economy of the generality of Nigerians and investors.
The 4th Mainland Bridge will run from Ajah to Ikorodu, Isawo, Ojodu, Ikeja and connecting back to the Ibadan expressway with the 3rd Mainland Bridge.