Where Exactly Is Ibeju Lekki?

If you ask ten real estate practitioners where Ibeju Lekki, the fabled hot real estate investment destination is, you will get ten different answers. In this article, we seek to answer this question to everyone’s satisfaction.

Ibeju-Lekki is where you have the Lekki Free Trade Zone, Lekki Deep Seaport, Smart City Dubai Lagos, Dangote Refinery and Petrochemical Industry, Dangote Fertilizer Plant, International (Cargo) Airport, Lekki International Golf Course, Pan Atlantic University, Eleganza Industries and so on. That is why it is touted as the ideal investment destination for property investors.

To the potential investor however, the important question is where exactly is Ibeju-Lekki in this regard?

To answer this question, we will explain Ibeju-Lekki under three broad locations
with regard to the ongoing key projects there. These include the Free Trade Zone axis; the Elerangbe axis, and the Lekki-Epe Expressway axis (see map).

Free Trade Zone Axis

This is the most commercial of the three locations and stretches from Eleko Beach Road through the Free Trade Zone Road to La Campagne Tropicana Resort and beyond. It hosts the Free Trade Zone, Lekki Deed Seaport, Dangote Refinery and Petrochemical Industry, Dangote Fertilizer Plant and other businesses.

The Lekki Free Zone is designed to be a satellite city to Lagos with dynamic commerce, trade and modern industrial sectors with an eco-city for residents.

The Master Plan covers a total area of about 30 square kilometres with 27 square kilometres for urban construction purposes. This will accommodate a total resident population of 120,000.

The zone is divided into four phases. The first phase, which is under construction will feature the Central Business District, residential areas, industrial parks, logistics and warehouses and will be fully ready in 10 to 12 years’ time.

The Elerangbe Axis

This is where you find the cheapest plots of land in Ibeju-Lekki presently, and is mostly a residential location. This axis comprises of places like Okego Village, Tagbati all the way to Arapagi. Elerangbe is off Lekki-Epe Expressway to the left, after Eleko Junction. The key infrastructure expected to open up this location is the proposed 4th Mainland Bridge and the Lekki International Airport.

Lekki-Epe Expressway

Ibeju Lekki on the the Lekki-Epe Expressway axis starts from Abijo up  to Eleko Junction. This stretch of the expressway has a mixture of residential and commercial characteristics. The area already houses business ventures such as Eleganza Industries, Coscharis Motors head office and has a number of built up residential estates. Of the three locations, this is where one can buy, build and live conveniently at present. From Eleko Junction to Ajah is about 15 minutes’ drive.

Credit: Castle

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