BecomeALandLord:
The geographical location known as "Imota" derive it name from a contraction "Imu-Ota" meaning "Near the Ota tree". This as a result of the migration of Ranodu and his people from Ijebu-Ode in search of separate kingdom and they settle near the Ota tree which today's regarded as Imota.

Ikorodu town is located in Lagos state, southwestern Nigeria. It lies near the Lagos Lagoon, on the Bight of Benin, 14 miles (23 km) northwest of Lagos.

The town is bounded on the South by the Lagoon. In the north, Ikorodu shares common boundary with Ogun State. While in the East, it has common boundary with Agbowa-Ikosi, a town in Epe Division of Lagos State. Ikorodu is a traditional settlement of the Awori people (a subgroup of the Yorubas).


Surrounding major towns that make up Ikorodu Divisions are Imota, Ijede and Igbogbo and all these major towns constitute their own Local Council Development Area with their respective traditional rulers (Obas). In the aspect of industrialization, it must be noted that in Ikorodu town alone, half of the twenty-five (25) registered banks by the Central Bank Of Nigeria (CBN) have branch offices there.

Ikorodu’s relative closeness to sprawling Lagos conurbation makes it the fastest growing exurb near Lagos metropolis. There is immigration of people from Ikorodu’s surrounding towns and villages and also from Lagos metropolis.

Also, if you are already living in Ikorodu and working in places around Victoria Island, you probably already enjoy a regular boat ride to and fro every day. But if you haven’t tried it yet, you definitely should. Ikorodu to Victoria Island offers you a scenic view of the Lagos mainland while taking in the coastal breeze. The experience has to be lived, not imagined. More reason staying or living in Ikorodu is seen as a worthwhile venture.

Conceivably, this is one place that a property investor or buyer can still acquire a plot of land for seven hundred and fifty thousand naira.
Towns around Ikorodu such as Igbogbo, Ijege, Ofin, Igberigbe, Igbo-Okuta and most of the satellite towns surrounding the city are selling at a relatively affordable price.

Rent is quite affordable in that a three-bedroom flat still goes for about 250 thousand naira per annum, while a two-bedroom flat and self-contained apartments can still be gotten for 150 thousand naira and 100 thousand naira respectively.

Another thing that has attracted property buyers/investors to acquiring real estate in Ikorodu is its accessibility to other parts of Lagos and indeed the country as a whole. For instance, Ikorodu to Ikeja is a mere 20 minutes drive on less busy days and some 45 minutes drive to Lagos Island and another 12 minutes to lekki. Also due to its waterways, Ikorodu to Victoria Island is just a thirty minutes ferry ride. Ikorodu also borders Sagamu in Ogun state; a border town that can be linked to other parts of the country

Although the traffic congestion on the Mile 12-Ikorodu road doesn’t still look good due to the road expansion, there are better days ahead. The story should change soon with the hope of the completion of the Mile 12-Ikorodu road construction which is expected to open up the axis and lead to a rush and hustle for accommodation in that axis.

IMOTA IKORODU AS AN INVESTMENT HUB

1) Relocation of the popular Mile 12 market to imota

2) Caleb university

3)Expansion of epe - ikorodu road to 8 lanes

3) numerous several gated estates but one estate stands out....
Buy genuine serviced plots of land at Precious Peace Estate Phase 2 imota close to Caleb university

Price= 750k

For more information, presentations or site inspection contact Mr David on 08134845536