Affordable Land Opportunities in Lagos: Epe, Ikorodu, Badagry
Epe, Ikorodu, Ibeju-Lekki, and Badagry are identified as growth corridors for affordable land in Lagos, contrasting with the high prices in established neighborhoods like Lekki Phase 1 and Victoria Island. Epe offers land prices ranging from approximately ₦1.5 million to ₦15 million, depending on location and proximity to major roads.
The Lagos State Government has established an Epe Master Plan, indicating formal planning support for the area. The 2026 Citizens' Budget allocates part of a ₦40 billion State Infrastructure Intervention Fund to Epe, enhancing its investment appeal.
Ikorodu also presents opportunities with lower land prices compared to premium areas, supported by government infrastructure projects. Ibeju-Lekki remains attractive for investors despite higher entry prices due to ongoing industrial and logistics developments.
The 2026 budget includes ₦29.8 billion for the rehabilitation of the Eti-Osa/Lekki/Epe Expressway, further solidifying the area's potential for long-term investment.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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