Tag Archives: Lekki Free Trade Zone

The Dangote Oil Refinery jetty located at the Lekki Free Trade Zone, Lagos has received its first ship call. The ship named: “BBC Naples”, berthed at the new jetty on Sunday evening to deliver essential equipment for ongoing construction work at the Dangote Refinery. The 132 meters long, 9,755 tonnes general cargo ship is operated by BB Chartering, while Hull ...

‘The Lagos State Government  has  restated its commitment towards improving the standards of living and well-being of the entire residents of the state, just as it commenced immediate rehabilitation and upgrade of the second segment of the arterial/inner roads in Epe Local Government Area.”-The Nation Speaking at a stakeholders’ meeting, yesterday, at Michael Otedola College of Primary Education, Naforija, Epe, the ...

“Amid pockets of social instability in different parts of the country, land prices have continued to rise in most regions while prices of office spaces and houses were affected negatively in Nigeria’s real estate market within the first half of this year.”- The Guardian According to a report released by Northcourt real estate for the half year performance of the real estate management , the ...

“As the world is preparing towards celebrating the World Habitat Day, scheduled for next week Monday, some residents in Lagos State are crying out against unlawful takeover of their landed property by the state government without due consultation and compensation.”- Independent Representatives of  Idotun  family in Ibeju Lekki Local Government Area of Lagos State, said it is unfortunate that as ...

Success is not final, failure is not fatal; it is the courage to continue that counts. Success they say have many friends. One of the determinants of success is the number of investments accrued to a man especially when it comes to investment in properties(real estate). In this piece, I will be dishing out to you 12 viable reasons why ...

According to Vanguard, LAGOS State Government said it will soon start demolishing all illegal structures on land within the Lekki Free Zone (LFZ). The state’s Commissioner for Commerce, Industry and Co-operatives, Prince Rotimi Ogunleye, said in a statement that private estate developers and land grabbers have illegally encroached on the land and are to face the wrath of the law. ...

The United Nations projects that Nigeria’s population will cross the 250 million mark by 2030. An estimated 10th of this figure will live and work in Lagos in an estimated area of 356,861 hectares of which 75,755 are wetlands. To the Lekki Free Zone (LFTZ), this presents development opportunities for real estate developers. Through the LFTZ, the host communities are ...

“Lagos State governor, Akinwunmi Ambode, yesterday commissioned the two newly-built bridges in Ajah and Abule-Egba, stating that it would not only help reduce travel time but also boost economic activities within the corridors.”- The Guardian. Ambode noted that in the quest to build a globally competitive city-state, one strategic emphasis of his administration has been to improve connectivity in the ...

According to The Guardian, on-going public and private sector synergy leading to the development of Dangote Refinery Project and Lagos Free Trade Zone (FTZ) have been received by the real estate community last week with mixed feelings, with the leadership of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) decrying the non-involvement of members in the investment opportunities along ...

The Federal Government has disclosed plans to withdraw its 20 percent equity holding in the Lekki Deep Sea port development, which is aimed at developing Lekki Free trade Zone in Lagos State. The Federal Government holds 20 percent equity in the project, representing, $118 million; the Lagos State Government, holds 18.5 percent, while the Tolaram Group of Singapore has 61.5 percent. ...