Badagry Axis as the new Lekki

Badagry Axis as the new Lekki

As more and more people move to Lagos in search of greener pastures, the rentals and cost of owning a landed property will continue to get out of reach of 95% of the populace. As this trend continues, tough times get more challenging; most people are moving to neighboring towns, like Ikorodu, Ibeju-Lekki, or the outskirts of Lagos, like Mowe, Ibafo, Ofoda, etc.

Surprisingly, there is a town in Lagos State that many do not talk about, and it has provided a safe haven to the very few that know the secret. And that town is Bagadry! But have you noticed that no one talks about Bagadry in the real estate sector? But the truth is that many have become millionaires investing in Badagry real estate; many have become landlords without the usual stress of owning a real estate property in Lagos State.

This ancient town, formerly a slave port, is evolving into a vibrant commercial center. Much more people today now call Badagry home. However, one of the most vital signs of the rapid growth of Badagry is the growing number of small estates, shopping complexes, and private residential buildings being developed by companies and individuals in different parts of the town. Badagry will blow up," All the tourist attractions in Badagry - the lake, creeks, numerous islands, and the slave heritage - are still in seed form.

The most excellent indicator of the massive return on investment that would accrue to investors in Badagry real estate is undeniable in the sudden interest of the Lagos State government in Badadry. However, the activities of the Lagos state government in the reclamation of the Badagry beaches, the Lagos state government unveiled to build of a $1.8 billion energy city in Badagry to supply 130 MW of electricity to the national grid. Moreover, the expansion of the Badagary Expressway to ten lanes has reached more than 80% completion. Above all these, the highest puller to Badagry is the newly signed contract for constructing Deep Sea Port in Badagary. The Federal Executive Council (FEC) approved $2.59 billion to develop the Badagry Seaport under a private-public-partnership (PPP) arrangement.

So, the same thing that happened in Lagos metropolis, regarding rental and housing costs, will soon occur in Badagy. Just a matter of time! Now is the time to position yourself among those who will enjoy the return on your investment as the repeat of the same Lagos scenario.