Coastal Corridor Growth: The Next Big Investment Frontier
By: Velorine
The Lagos-Calabar Coastal Highway: Where Fortune Finds the Bold
A land rush is underway, and the stakes couldn’t be higher. Along the sprawling 700-kilometre Lagos-Calabar coastal highway, the earth beneath investors’ feet is shifting not from natural tremors, but from a seismic surge in land value. In the last six to twelve months, prices have skyrocketed, propelled by the advancing construction of Phase 1 of this monumental project.
From a Vision to Reality: The Rise of Coastal Prosperity
The first phase, stretching 47.47 kilometres, carves its path from Ahmadu Bello Way in Victoria Island, Lagos, to the thriving Lekki axis near the Deep Sea Port and Dangote Refinery. Set to be completed by May 29, 2025, this infrastructure masterpiece is already rewriting the fortunes of landowners, developers, and bold investors who saw the writing on the wall before the masses arrived.
In the areas surrounding Lekki Free Trade Zone, Eleko, and Ibeju Lekki, the financial tide is rising, sweeping in an era of unprecedented value appreciation. With landmark developments like the Dangote Refinery and Lekki Deep Sea Port, the passing of the coastal highway through this corridor has supercharged property values fueling a buying spree reminiscent of a gold rush.
A Frenzy of Opportunity
Investors are pouring in. “You need to visit these areas, especially around Ibeju Lekki, to witness the sheer scale of investment happening here,” says Ololarenwaju Kuyebi, managing director of GMH Luxury. “Once the coastal road is completed, you’ll be able to drive to Victoria Island in less than an hour.”
For those who acted fast, the rewards have been staggering. “Land values have soared by more than 200% in the last 12 months,” Kuyebi adds. “I advised someone to invest in this emerging market. Last year he bought three plots at ₦1.5 million each. Today, each plot is worth over ₦3 million.”
What’s Driving the Surge?
Beyond land speculation, developers and corporate players are making calculated moves. Real estate firms are strategizing expansions, preparing for the inevitable boom in demand. Odunayo Ojo, CEO of UPDC Plc, recently disclosed that Ibeju Lekki is a focal point in their new towns development strategy.
Peter Oyedepo, a Lagos-based realtor, describes the coastal highway as a transformative force, reshaping Nigeria’s coastline, creating unmatched connectivity, and unlocking new economic corridors. As once-isolated towns become easily accessible, population growth and real estate demand will surge.
And it’s not just about housing. Oyedepo sees tourism, retail, and hospitality as untapped goldmines. “This road runs through beaches, forests, and cultural landmarks. Imagine resorts, hotels, and luxury vacation rentals thriving in this untouched paradise,” he envisions.
The Federal Government’s Vision
The government is staking its claim alongside private investors. As Phase 1 nears completion, plans for toll stations, tourist centers, and commercial hubs are taking shape. David Umahi, Minister of Works, recently announced that the entire highway 700 kilometres of transformative infrastructure will be completed within eight years.
But this isn’t just another road. With solar lighting for safe nighttime travel, security measures, and flyovers to eliminate traffic bottlenecks, the $12 billion superhighway is an engineering marvel destined to reshape Nigeria’s future.
The Bottom Line: Land is the New Gold
This coastal highway isn’t just a road, it’s a pathway to fortune. Investors who recognize its potential are making bold moves, acquiring land, and positioning themselves for what could be the most lucrative property boom in decades.
The question is will you be part of this movement, or will you watch from the sidelines as history unfolds?
