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Lekki Peninsula Lagos: The Untapped Opportunities.

Lekki is a city in Lagos State, Nigeria. It is located in the southeast of Lagos City. Lekki is a naturally formed peninsula, adjoining to its west Victoria Island and Ikoyi districts of Lagos, with the Atlantic Ocean to its south, Lagos Lagoon to the north, and Lekki Lagoon to its east; adjoins the eastern part of Ibeju Lekki.

Lekki is a rapidly growing area on the coast, housing several gated residential developments, agricultural farmlands, areas allocated for a Free Trade Zone, with an airport, and a seaport under construction at the time of this publication.

Based on the proposed land-use plan, Lekki city, excluding the Lekki Free Zone, will be divided into 4 linear development zones; the North Urban Zone, which will be largely residential; the Natural Park Zone, which will consist of an environmental and nature conservation park; the South Urban Zone, which will include the existing and new residential developments along with commercial and mixed uses, as well as light industry; and the Atlantic Coastal Zone, which will mainly be developed for tourism and recreational activities.  Several institutions, estates, and new investments are springing up along the Lekki axis that has been described as “the fastest-growing corridor in west African sub-region

Check out some great Opportunities around the Lekki Peninsula;

TOURISM

Its sandy beaches, including Lekki, Atican, and Eleko Beach, and relics of Brazilian/Portuguese and other imposing architectures make it a tourism goldmine. With hundreds of thousands of people visiting those beaches every week are great opportunities for the Tourism sector. Artists are making millions of Naira organizing shows during the festive period. So if you are in the entertainment industry this is one area you could consider and take advantage of.

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REAL ESTATE

photo credit: Overhplus Properties

With the increasing number of people moving in and relocating on the island, expected to accommodate well over a residential population of 3.4 million in addition to a non-residential population of at least 1.9 million. Housing has posed a major challenge, and this has created opportunities for the real estate industry, Providing accommodation for the looming population is a major opportunity for investors in real estate. Housing in Lekki is usually in blocks of adjoining flats. Most homes are furnished with running water and electricity.

A standard three-bedroom flat rents for N1,000,000-N3,500,000 million per annum and selling for 35,000,000-65,000,000

Many investors are developing estates, turning forests, swamps into an estate. Every day millions are exchanging hands from people buying or renting houses.

TRANSPORTATION

Movement is one of the factors of life. People move from place to place every day, and not everyone is mobile, so people need the services of transporters to move them to their place of work, events, and other social activities. The service of the transporter is in high demand. One good thing about transportation is nobody owes you, sometimes they collect their money before getting to your destination.

AGENCY

This is one great opportunity on the Island today, This is one business that doesn’t require large capital for start-up. You can start a job just by helping people look for accommodation and get paid a commission for your service. Many on the Island has made a fortune just looking for a house for people and collecting their agency fee. You don’t have to have all the money for you to go into the real estate industry. From your neighborhood, you can start helping people get houses, same also for people looking for domestic staff, you can serve as an agent and get your commission.

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