REAL ESTATE ATTRACTION SETS TO MOVE FROM MOWE-OFADA TO MILE 2-BADAGRY, LAGOS-NIGERIA

Land speculators are already contemplating a field day in the Mile2-Badagry corridor of Lagos State. The new wave of expectation that currently suffuse the community of land owning families in this corridor was engendered by the now obvious determination of the Lagos State Government to expand the Mile2-Badagry Express Road to a 10-lane express road, the first of its kind in Nigeria.

The State’s Commissioner of Finance, Mr. Rotimi Oyekan affirmed this much when he explained at a discussion forum that once the road expansion project commences value of landed properties would start heading for the north in the corridor.

The Mile2-Badagry corridor may yet detract attention away from the Mowe-Ofada axis of Ogun. Mowe-Ofada location off the Lagos-Ibadan Express road had provided a natural northward expansion corridor for real estate developers and Lagosians desirous of owning their own houses. But while the Mowe-Ofada axis offers the opportunity of landed assets in a neighbouring state, the Mile2-Badagry corridor offers landed assets within Lagos State. For investment savvy Lagosians, land assets any where in Lagos State are said to be more valuable.

Already, developers that already have their sights set on the Mile2-Badagry corridor have started canvassing the infrastructural strength of the corridor over those of the Mowe-Ofada axis. One said that whereas the areas around Mowe-Ofada are just being developed, the Mile2-Badagry corridor has been progressively developed over the years.

Incidentally, price of a plot of land remains in the same range for both the Mowe-Ofada axis and the Mile2-Badagry corridor. Land speculators argued however, that landed property in the Mile2-Badagry corridor have more potential to appreciate because of the peculiarity of the corridor’s terrain. Bordering the landed space to the left hand side inward Badagry are beach land, which usually are choice property attraction for the rich. And dotting the water ways from Mile2 to Badagry town are island communities that may give way to highbrow real estate. The 10-lane expansion of the road into Badagry will naturally avail a thorough fare for a large population of Lagosians which would make an instant hit for real estate developers and consequent upward impact on the value of properties in the corridor.

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2 Responses

  1. […] Editoresguatemala.com wrote an interesting post today onHere’s a quick excerptLand speculators are already contemplating a field day in the Mile2-Badagry corridor of Lagos State. The new wave of expectation that currently suffuse the community of land owning families in this corridor was engendered by the now obvious determination of the Lagos State Government to expand the Mile2-Badagry Express Road to a 10-lane express road, the first of its kind in Nigeria. The State’s Commissioner of Finance, Mr. Rotimi Oyekan affirmed this much when he explained at a discussion forum […]

  2. Wow.

    I found your blog in a mistake but it was a good post. do you have more Lagos State related posts/interseting information to post?

    If yes please do 🙂

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