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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 Homes Introduces Special Ramadan Offer with Discounts and Gift Rewards

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Adron Homes Introduces Special Ramadan Offer with Discounts and Gift Rewards

 

As the holy month of Ramadan inspires reflection, sacrifice, and generosity, Adron Homes and Properties Limited has unveiled its special Ramadan Promo, encouraging families, investors, and aspiring homeowners to move beyond seasonal gestures and embrace property ownership as a lasting investment in their future.

The company stated that the Ramadan campaign, running from January 20th to April 6th, 2026, is designed to help Nigerians build long-term value and stability through accessible real estate opportunities. The initiative offers generous discounts, flexible payment structures, and meaningful Ramadan-themed gifts across its estates and housing projects nationwide.

Under the promo structure, clients enjoy a 30% discount on land purchases alongside a convenient 36-month flexible payment plan, making ownership more affordable and stress-free.

In the spirit of the season, the company has also attached thoughtful rewards to qualifying payments. Clients who pay ₦200,000 receive a Provision Hamper to support their household during the fasting period, while those who pay ₦400,000 receive an Automated Prayer Mat to enhance their spiritual experience throughout Ramadan.

According to the company, the Ramadan Promo reflects its commitment to aligning lifestyle, faith, and financial growth, enabling Nigerians at home and in the diaspora to secure appreciating assets while observing a season centered on discipline and forward planning.

Reiterating its dedication to secure land titles, prime locations, and affordable pricing, Adron Homes urged prospective buyers to take advantage of the limited-time Ramadan campaign to build a future grounded in stability, prosperity, and generational wealth.

This promo covers estates located in Lagos, Shimawa, Sagamu, Atan–Ota, Papalanto, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger states.

As Ramadan calls for purposeful living and wise decisions, Adron Homes is redefining the season, transforming reflection into investment and faith into a lasting legacy.

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Ramadan: Adron Homes Felicitates Muslims, Preaches Hope and Unity

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Ramadan: Adron Homes Felicitates Muslims, Preaches Hope and Unity

Adron Homes & Properties Limited has congratulated Muslim faithful on the commencement of the holy month of Ramadan, urging Nigerians to embrace the virtues of sacrifice, discipline, and compassion that define the season.

In a statement made available to journalists, the company described Ramadan as a period of deep reflection, spiritual renewal, and strengthened devotion to faith and humanity.

According to the management, the holy month represents values that align with the organisation’s commitment to integrity, resilience, and community development.

“Ramadan is a time that teaches patience, generosity, and selflessness. As our Muslim customers and partners begin the fast, we pray that their sacrifices are accepted and that the season brings peace, joy, and renewed hope to their homes and the nation at large,” the statement read.

The firm reaffirmed its dedication to providing affordable and accessible housing solutions to Nigerians, noting that building homes goes beyond structures to creating environments where families can thrive.

Adron Homes further urged citizens to use the period to pray for national unity, economic stability, and sustainable growth.

It wished all Muslim faithful a spiritually fulfilling Ramadan.

Ramadan Mubarak.

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Valentine Season: Adron Homes Encourages Nigerians to Build Lasting Love Through Real Estate

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Valentine Season: Adron Homes Encourages Nigerians to Build Lasting Love Through Real Estate

Adron Homes and Properties has continued its ongoing “Love for Love Promo” as part of its Valentine season initiatives, encouraging couples, families, and investors to move beyond traditional gifts by embracing shared property ownership as a lasting expression of commitment and financial stability.

The company stated that the promo, which has been running throughout the Valentine period, was designed to inspire Nigerians to build long-term value and legacy through real estate investments. It noted that the initiative offers attractive discounts, flexible payment options, and a variety of exclusive gift items across its estates and housing projects nationwide.

Under the promo structure, clients who pay ₦100,000 receive cake, chocolates, and a bottle of wine, while those who pay ₦200,000 receive a Love Hamper. Subscribers who commit ₦500,000 receive a Love Hamper with cake, and those who pay ₦1,000,000 enjoy a choice of a Samsung phone or a Love Hamper with cake.

The incentives increase with higher commitments. Clients who pay ₦5,000,000 receive either an iPad or a romantic couple’s getaway at a top Nigerian hotel, while payments of ₦10,000,000 come with options including a Samsung Z Fold 7, a three-night stay at a premium resort, or a full solar power installation.

High-value investors are also rewarded, as clients who pay ₦30,000,000 on land receive a three-night couple’s trip to Doha or South Africa. At the same time, purchasers of houses valued at ₦50,000,000 are presented with a double-door refrigerator, further reflecting the company’s focus on combining lifestyle experiences with strategic investments.

The company added that the promo covers estates located in Lagos, Shimawa, Sagamu, Atan–Ota, Papalanto, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger states. It reiterated its commitment to secure land titles, affordable pricing, and prime locations, urging Nigerians at home and in the diaspora to take advantage of the ongoing Valentine campaign to build a future rooted in love, security, and prosperity.

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