Published
Jan 10, 2023
The Truth About Epe - A Gold mine or Hype?
Epe is currently predicted to be the new "gold mine of Lagos." Many massive developments
Epe
Real Estate
Investment

If you are still wondering why the current focus of every investor is on Epe, this article is going to explain why every expert is pointing towards Epe.

The truth is, whenever there is a lot of focus on a particular geopolitical location in Nigeria, by both investors and developers, it is either there is a long-term industrial prediction on that place or the gold mine is already producing gold.

So, it is expected to know the current state to help you as an investor know when and how to invest.

The Future of Epe

Economic and industrial development is a great pointer to the growth of any place, especially in Nigeria. It welcomes all other forms of development that can turn the location into a goldmine for the beneficiaries, just like Lekki Phase 1.

Epe is currently predicted to be the new "gold mine of Lagos." Many massive developments and projects ongoing are about to provide a lot of opportunities for a secure and long-term investment. This is going to favour both residents and investors.

Major Developments In Epe:

1. Lekki-Epe International Airport:

The Lagos State Government started the new international airport project in Ibeju-Lekki. The new international airport development project ongoing at the Lekki-Epe axis is located in Epe, east of Lagos, Nigeria. It is adjacent to Alaro City. The master plan is complete, and the airport site has been secured on 3500 acres. The airport is designed to handle five million passengers per year, with more room for development in the future.

The Lekki Airport project’s first phase is anticipated to cost $450 million, and it will be located around 10 kilometres from the Lekki Free Trade Zone (LFTZ). It will be designed to accommodate the Airbus A380, the world’s largest passenger airliner, and will be designated as a Code F airport.

The new airport will relieve congestion at the ageing Murtala Muhammed International Airport, as well as serve the fast-growing industrial Lekki district, the Lekki Deep Seaport, Dangote’s 650,000bpd refinery, the Lekki Free Zone, and other locations.

2. Alaro City:

Alaro City is the new gateway to Nigeria. The master-planned metropolis in the Lekki Free Zone covers 2000 hectares and has world-class infrastructure.

Alaro City is located near the Lekki Deep Sea Port, the projected International Airport, and the Lekki-Epe Expressway.

Alaro City features 150 hectares of parks and open space in addition to spaces for businesses, logistics, storage, residences, medical facilities, hotels, and entertainment centers.

Developers are paying a lot of attention to this now, which has accelerated Epe’s development.

3. Central Food security systems and logistics hub:

The Governor of Lagos state, M.r Babajide Sanwolu has started this groundbreaking project in Epe to increase the quality of life as it is projected to feed at least 10 million Lagosians.

With a massive development like this, it is surely going to boost the economic development of Epe, thereby making it a potential gold mine for investors.

4. Talent City:

The Talent City is envisioned as Africa’s "Silicon Valley," where the continent’s top talent will collaborate to co-create.

With 1,000 residents and 2,500 remote workers, this prototype city offers a central co-working campus and a range of housing alternatives created for a flexible, remote-friendly future lifestyle.

With top-notch infrastructure, this city is built for the workplace of the future.

A forward-thinking metropolis that will spur additional significant development in Epe.

5. Psychiatric and Rehabilitation Centre:

The Governor of Lagos just concluded the construction of this facility which was inspected on August 24th.

According to the Commissioner for Health, this development project is likely Africa’s largest psychiatric hospital and rehabilitation center. It furthers the area’s economic development.

Now, with all these projects and also a row of past developments, this should spell clearly why everyone is screaming, “invest in Epe!”

The question is, should you invest now, wait, or is it late already?

At the end of this article, you will know the right choice to make.

Is Epe a Good Place to Buy Lands?

Epe is now called, "the new smart city" because of these ongoing massive developmental projects. Epe has additionally been referred to as the "Dubai of Africa." because of the rapid industrial boom. Similar to how Dubai, which was once seen as a wasteland and a place with no economic value, has transformed into one of the regions with the highest return on investment in real estate after 15 years.

This shows Epe Town will experience a significant influx of major investors from all over the world in the next few years. So, this is just the beginning!

  • Land is still at an affordable rate in Epe, there is still a chance to be a part of the gold rush coming to Epe.
  • 95% of Epe lands are dry.
  • Epe is currently one of the safest places to live and do business in Lagos State.
  • Epe boasts one of the best road networks in Lagos State.
  • Epe is currently one of the safest places to live and do business in Lagos State.
  • Epe is part of “The New Lagos,” it is about a twenty-five minutes drive to Ibeju-Lekki.
  • Epe promises to become the residential capital of one of the largest emerging economic capital in West Africa; aided by its proximity to Ibeju-Lekki, Lagos.
  • It is strategically located such that huge projects such as the Dangote refinery, new seaport, new airport, the Talent city, the Lekki Free Trade Zone, and several multinational companies are easily accessible.
  • Epe has the potential to serve as the transit hub of all the other states in Nigeria.
  • Properties on the periphery of an airport appreciate up to 40% in value in the first few years after the airport’s completion, and the rate rises to around 80% after the airport’s operations are fully operational.

With all of these, you can also agree with the fact that, Epe is not a hype.

There is definitely a gold mine in Epe for investors, and today is unquestionably the ideal time to invest in, and acquire additional land in Epe!

Everyone who invests early will benefit from the enormous land appreciation that is about to blow the world of investment.

The ideal moment to get in is right now, so don't wait or look around! Contact Land Republic now.

Land Republic
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