In 2016, Mr. Adewale, a mid-level bank worker in Lagos, decided to buy two plots of land at Orimedu community in Ibeju-Lekki, not too far from the Lekki Free Trade Zone. At that time, land in that axis was going for around ₦750,000 per plot.
Many of his friends laughed at him, saying the area was too far and undeveloped. But Adewale had done his homework — he knew about the planned Dangote Refinery, the Deep Sea Port, and the proposed airport.
Fast forward to 2022:
The same two plots were worth ₦18 million (₦9 million per plot). He didn’t build anything; he simply held onto the land and let development in the area do the magic.
He sold one plot and used the proceeds as equity for building a rental apartment in Sangotedo. He kept the second plot for future appreciation.
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### 💡 **True Life Story 2 — Young Woman Turns ₦800K to ₦6M in 4 Years (Epe Axis)**
Blessing, a 28-year-old school teacher, saved aggressively for 18 months and bought a plot in **Epe** for ₦800,000 in 2018. She chose Epe because she attended a free property seminar that highlighted government projects coming to that zone (like the Lagos Film City and Epe Marina).
By 2022, as development crept in, that plot’s value rose to **₦6 million**. She sold it to an investor who wanted to build hostels for a nearby polytechnic and used part of the money as a deposit for a small flat in Ajah, which she now rents out for passive income.
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### 💡 True Life Story 3 — ₦3M to ₦20M in 5 Years Without Building (Bogije)
In 2017, Mr. Chidi, a trader in Alaba, bought two plots at **Bogije**, Ibeju-Lekki for ₦1.5 million each. The area was bushy and had no good roads then.
But by 2022, with the coastal road project, estate developments, and better access, land prices shot up. Chidi sold the two plots at ₦10 million each.
He used the money to expand his electronics business and still had surplus funds to buy another plot further down at Idera.
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### 🎯 The Lesson:
Land banking in Lagos — when done with due diligence — has created wealth quietly for smart investors who:
✅ Buy early in developing areas
✅ Hold for 3–7 years
✅ Let government and private development push up the value
Have you invest i Tiara estate phase 1 currently selling at the price of N35MILLION for 500sqm, Initial deposit N6M, for site inspection whatsapp or call +2348082952354
From mr ilori kolawole Samuel
#LandBanking #RealEstateNigeria #PropertyInvestment #LekkiLandDeals #PassiveIncomeNigeria #BuyAndHoldStrategy #WealthCreation #IbejuLekki #LagosRealEstate #InvestmentOpportunity
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