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Do Not Buy Land in Ibeju Lekki Because of The Dangote Refinery - Honest Review
Opinion
Do Not Buy Land in Ibeju Lekki Because of The Dangote Refinery - Honest Review
Uche Emordi
Uche Emordi
August 07, 2022
1 min

Aliko Dangote is a Nigerian businessman and Aliko Dangote unveiled early plans for the refinery in Ibeju Lekki in September 2013.

He announced that he had secured about $3.3 billion in financing for the project.

At the time, the refinery was estimated to cost about $9 billion, of which $3 billion would be invested by the Dangote Group and the remainder via commercial loans, and begin production in 2016. This has snowballed to about $15billiob now in 2022.

What do you need to know about this investment and how does it affect your decisions?

Here are some question you can start with?

  • Should you really buy residential property close to a refinery?
  • What is the status/title of most of the land in that axis?
  • What is the history of land deals in that axis?

If you can answer these questions you’re well on your way to deciding if you should invest in the Dangote Refinery - Ibeju Lekki axis.


Uche Emordi

Uche Emordi

Realtor and Content Manager

Professional Scrum Master | SEO & Lead Generation Specialist | Real Estate | Sales | Business Development

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