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Coastal road: Land prices jump, new investment opportunities open

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Coastal road: Land prices jump, new investment opportunities open

…as construction work on Phase 1 nears completion

In a very dramatic manner, parcels of land along the 700-kilometre Lagos-Calabar coastal highway have, in the last six to 12 months, seen significant price increases, more so as construction on Phase 1 of the project is nearing completion.

The first phase of the highway, measuring 47.47 kilometres, starts from Ahmadu Bello Way in Victoria Island, Lagos, and ends in Lekki around the Lekki Deep Sea Port and Dangote Refinery axis. It is expected to be completed by May 29, 2025.

People who invested in land in all the areas around Lekki Free Tade Zone, Eleko and Ibeju Lekki had been enjoying considerable value appreciation as a result of the coming of developments such as Dangote Refinery, Lekki Deep Sea Port, among others.

The passing of the coastal highway through this axis has raised property values a lot higher in th as many investors swoop on the area, buying just any available land in anticipation of a further rise in prices in the coming years

“You need to visit these areas, especially all the areas around Ibeju Lekki, and see the level of investment going on there. People are taking position because when the coastal road is completed, you can drive to Victoria Island in less than one hour,” Ololarenwaju Kuyebi, managing director, GMH Luxury, said in an interview recently.

“Land value has gone up by more than 200 percent in the last 12 months in Ibeju Lekki. I know of someone I advised to key into the emerging opportunities in that axis. He bought three plots of land at N1.5 million each and, today, one plot is over N3 million,” he added.

Kuyebi disclosed that people are investing in land banking in that area, describing it as a wise investment decision that will give good return on investment in time to come.

Some real estate development companies are also perfecting plans to invest in that axis in the expectation that demand will come. Odunayo Ojo, the chief executive of UPDC , disclosed recently that Ibeju Lekki is part of their new towns development strategy.

Peter Oyedepo, a Lagos-based realtor, who described the coastal road as a transformative piece of infrastructure that promises to reshape Nigeria’s coastlines, enhancing connectivity and driving economic growth, says investors have every reason to invest along the coastal road.

Oyedepo explained recently that because the coastal road connects cities and towns, making once remote places accessible, it will drive population growth and real estate demand in those cities and towns.

He added that besides its economic growth potential, the coastal road will boost tourism. He explained that because the road passes through beaches, forests, and cultural landmarks, it is a prime spot for tourism-related investment such as resorts, hotels and vacation rentals.

Oyedepo advised that people can invest in both residential and commercial properties such as luxury buildings, affordable apartments, office facilities, malls, warehouses, among others. He hopes that all these will be in high demand in no distant future.

The federal government is already taking position along the coastal highway, as the first phase of the road construction approaches completion deadline

The government is planning to create tolling stations and construct tourist centres along the highway, expecting to draw in investors and enhance the country’s economy.

David Umahi, the minister of works, who disclosed this during an inspection tour of the road recently, said the entire road stretch measuring 700 kilometres is expected to be completed within eight years.

“Along the corridor, you have some lands that have been acquired for tourism, industries, factories, housing estates, etc. So, these are the road architectures that will be seen on this highway. And we also plan to have tolling units,” Umahi said.

According to him, the more than $12 billion superhighway project is also expected to be solarised for easy movement at night and security measures. It is also expected to have a flyover to avoid traffic jams. –
BUSINESSDAY

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Adron Group Chairman Celebrates Business Icon Otunba Muraina Banjoko at 65

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Adron Group Chairman Celebrates Business Icon Otunba Muraina Banjoko at 65 (more…)

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Aare Adetola Emmanuelking Hails Prof. Abayomi Arigbabu’s Impact on Education as He Marks Birthday

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Aare Adetola Emmanuelking Hails Prof. Abayomi Arigbabu’s Impact on Education as He Marks Birthday

The Chairman/GCEO of Adron Group, Aare Adetola Emmanuelking, has paid glowing tribute to the Honourable Commissioner for Education, Science and Technology, Ogun State, Professor Abayomi Arigbabu, describing him as one of the foremost architects of educational transformation whose leadership continues to redefine learning and human capital development in the Gateway State.

In a heartfelt birthday message, the renowned real estate entrepreneur commended Professor Arigbabu for his exceptional blend of scholarship, administrative excellence, and visionary public service, noting that his stewardship of the education sector has continued to inspire confidence in the future of education in Ogun State.

According to Aare Adetola Emmanuelking, Professor Arigbabu has distinguished himself as an education reformer whose policies and programmes have consistently advanced academic excellence, strengthened institutional standards, promoted innovation, and positioned education as a strategic driver of sustainable development.

“Professor Abayomi Arigbabu exemplifies the ideals of visionary leadership. His dedication to improving educational outcomes and empowering the next generation through quality learning continues to leave an indelible mark on Ogun State and Nigeria as a whole. His legacy is one of impact, excellence, and selfless service,” he stated.

The Adron Group Chairman further acknowledged the Commissioner’s commitment to building an education system that equips young people with the knowledge, skills, and values required to thrive in an increasingly dynamic world, describing his contributions as invaluable to the state’s development agenda.

As Professor Arigbabu marks another year, Aare Adetola Emmanuelking prayed for renewed strength, divine wisdom, robust health, and greater accomplishments, expressing confidence that the celebrant’s passion for educational advancement would continue to shape lives and inspire generations.

He wished the Commissioner a memorable birthday celebration and many more years of impactful service to Ogun State, Nigeria, and humanity.

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RSS Makes History as Graduating Class of 2026 Marks Valedictory Service in First-of-Its-Kind University-Style Ceremony

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RSS Makes History as Graduating Class of 2026 Marks Valedictory Service in First-of-Its-Kind University-Style Ceremony

Remo Secondary School (RSS) has made history with the graduation of its 2026 class in what is being described as a groundbreaking academic ceremony, as the prestigious public secondary school celebrated its graduating students in a university-themed graduation style.

The historic valedictory service, which brought together students, parents, teachers, school administrators, old students and distinguished guests, was marked by pomp, pageantry and an atmosphere of academic excellence, as graduating students appeared in full academic graduation gowns, caps and other traditional graduation regalia.

In a striking departure from conventional valedictory ceremonies typically held in public secondary schools, the school’s principals and teachers, as well as the National Executives of the Remo Secondary School Old Students’ Association (RSSOSA), also donned academic gowns, creating the atmosphere and grandeur of a university convocation.

The remarkable initiative transformed the valedictory service into a memorable graduation experience for the students and marked a significant milestone in the history of Remo Secondary School, Ogun State and, potentially, the Nigerian public school system.

The ceremony was not only a celebration of the completion of secondary education, but also a deliberate effort to instil in the graduating students a sense of pride, achievement and responsibility as they prepare to transition into higher education and the next phase of their lives.

Another major highlight of the ceremony was the presentation of awards to deserving students in recognition of outstanding morals, good character and exemplary conduct. The awards, which cut across various categories, celebrated students who distinguished themselves not only through academic pursuits, but also through positive character traits, discipline, responsibility and good morals.

In a further demonstration of its commitment to the future of the graduating students and the advancement of education, Hope Bridge Social Impact Foundation awarded full higher education scholarships to about 25 deserving students. The scholarship awards will support the beneficiaries in pursuing their tertiary education, providing them with an opportunity to further their academic aspirations and achieve their full potential.

Speaking at the ceremony, the President of the Remo Secondary School Old Students’ Association (RSSOSA), Sir Aare Adetola Emmanuelking KOF, congratulated the graduating class and commended the school management, teachers and parents for their roles in nurturing and guiding the students throughout their academic journey.

He further expressed appreciation to the Ogun State Government, ably led by the Executive Governor, His Excellency, Prince Dapo Abiodun, MFR, CON, for his administration’s commitment to transforming the education sector in the state.

He specifically acknowledged the Governor’s Yellow Revolution initiative, describing it as one of the notable interventions that has positively impacted the education sector and contributed to creating a more conducive environment for learning across public schools in Ogun State.

According to him, the Governor’s keen attention to education and the deliberate interventions of his administration have had a positive ripple effect that has extended to institutions such as Remo Secondary School, contributing to the school’s continued growth and development and helping to position it as a great institution.

Aare Adetola Emmanuelking also extended his appreciation to the Ogun State Commissioner for Education, Science and Technology, Prof. Abayomi Arigbabu, for his leadership and evident contributions to the advancement of education in the state.

The event further highlighted the strong bond between the school and its old students, with the presence and participation of the old students, demonstrating the association’s continued commitment to the development and advancement of the institution.

The innovative university-style graduation ceremony is expected to remain one of the most memorable moments in the history of the school, and could set a new standard for how graduating students are celebrated in public secondary schools across Ogun State and beyond.

For the graduating class of 2026, the occasion was a day of pride, gratitude and celebration, a day when they were not only bid farewell from secondary school, but were honoured and celebrated as graduates stepping confidently into the future.

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