7 Economic Indicators about Lekki Free Trade Zone Axis Ibeju Lekki by: Emmanuel Abikoye

1. The Lekki Free Trade Zone area is geographically located in Ibeju Lekki. This area cuts through Eleko Beach road to the free trade zone road to La Campagne Tropicana Beach Resort.

2. The Master plan of the Lekki Free Trade Zone area is designed to be built as a satellite city in Lagos as an eco-city for residents, dynamic commerce and trade and modern industrial business.

3. The Free Trade Zone is being developed as a multi-product and logistics hub for the entire West African Region. Strategically located 60km east of Lagos, the zone is well connected by road, sea and by air. When fully developed, it will be spread over an area of 805 hectares and will house a number of petroleum and petrochemical complexes, agrocommodity and other manufacturing industries.

4. The Dangote Refinery and Petrochemical Industry is just 4 minutes’ drive from the Free Trade Zone. Dangote Refinery is a $14 billion project set to be completed in 2019. On completion, the refinery will have the capacity to refine 650,000 barrels of crude oil per day.

5. Opposite the Free Trade Zone is the Lekki Deep Seaport. The Deep Seaport is designed to handle about 6 million Twenty-foot Equivalent Units (TEUs) of containers. The deep seaport is proposed to be in full operation in 2019 and it is estimated to create 169,000 jobs directly and indirectly.

6. Dangote Fertilizer Plant is 4 minutes drives from Dangote Refinery. The refinery and fertilizer projects of Dangote Industries Limited were expected becomes it becomes operational in the first quarter of 2019 and were estimated to create a minimum of 235,000 new jobs, both direct and indirect.

7. The La Campagne Tropicana Beach Resort is another landmark on the Lekki Free Trade Zone axis. The Beach Resort is about 15km drives from the Dangote fertilizer plant. With the above 7 economic indicators it is a clear fact that Returns on Real Estate investment here will skyrocket comes 2019 when all this projects would have been completed. Smart investors have started acquiring landed properties here in anticipation for the capital appreciation that would soon hit the Free Trade Zone axis in Ibeju Lekki. Why not join the Wise ones and invest your money in any of our Estates in the Free Trade Zone area of Ibeju Lekki? We’re just a call away…….!

21 Facts about Dangote’s Refinery and Petrochemical Plant By: Oyedepo John

1. Over $4 billion worth of equipment currently sits on the site.

2. The project is slated to cost $14 billion (N2.8 trillion) of which Dangote is contributing $7 billion in equity.

3. The project site is larger than Victoria Island. It is located on 2135 hectares of land in Ibeju-Lekki, Lagos near the Lekki Free Zone

4. It is the largest industrial complex in Africa

5. Work goes on, on the site, 24 hours a day, 7 days a week

6. World Record 2.72 million accident free hours recorded on site, without a single lost time to injuries

7. It is the largest single train grass roots refinery in the world with a processing capacity of 650,000 BPSD

8. Dangote Group brought in the world’s #1, #2, and #5 sand dredgers to sand fill the site. 60% of the land being swampy. So far these dredgers have reclaimed 13 million m³ out of 30 million m³

9. During construction, the project will employ over 25,000 Nigerians

10. Dangote is investing over $7 billion (N1.4 trillion) in the project

11. It is the largest single train refinery project on the planet

12. When this project comes online, Nigeria will save a minimum of $10 billion a year on imports

13. The Ammonia component of the plant will produce 2.8 million tonnes of Urea

14. Dangote is producing its own electricity to power the plant and by so doing is saving 75% costs. Dangote produces electricity at a rate that is significantly cheaper than the Federal Government. Dangote’s cost is $400,000/MW, while Federal Government is $2,000,000/MW

15. All the civil engineering is done by Nigerian companies

16. The plant has an export value of $6 billion per annum, meaning Dangote’s efforts will increase the amount of foreign exchange in Nigeria’s foreign reserves by at least 40% of current value on a yearly basis

17. Dangote said when this project comes on line, his friend Femi Otedola will save at least N26 per litre on millions of litres of diesel and petrol which his companies import annually. This savings will be passed on to the consumers and it will take a lot of pressure off the banks

18. Billions of Naira were paid to acquire the land and to settle the existing communities. More money was also allocated and spent to relocate the existing communities

19. This project will restore the dignity of Nigeria, a crude producing country that has for years gone abroad to meet its demand for refined products

20. Refined products to be produced at the plant include but is not limited to propane, petrol, Jet Fuel, Diesel, Kerosene, Carbon Black, Polypropylene, Polyethylene

21. The United States Trade and Development Agency is supporting this project with $997 million Very massive project to stand in the Ibeju-Lekki axis come 2019.

If a business mogul like Dangote can spend $100 million on the 2,135 hectares of land (in Ibeju-Lekki) where the project will be standing on, then anybody with even 700k should be thinking of doing same. Majority of our estates are located few minutes away from this Refinery with prices ranging from N600,000 to N4m per plot. You can call us or send your email address to get full information on all of our estates within this axis. It’s not compulsory you live there; you can buy as many plots as you can afford and then wait. Land in this axis appreciates faster than anywhere in the country. The no. 1 secret of most successful Real Estate Investors is that they buy land on the fringe of development and wait for capital appreciation. Strike While The Iron Is Hot.