₦airaland Forum

The rent calculation point at the beginning of the video is what got me. I sat down and did my own numbers after watching. I have been renting a 3-bedroom flat in Ajah since 2019. In 6 years I have paid my landlord approximately ₦13.2M in rent. That money is completely gone. No equity, no asset, nothing to show. If I had used even half of that as deposits across a payment plan I could have been a property owner by now. The worst part is my rent has increased three times in those 6 years and my landlord is already hinting at another increase. At what point does the Lagos renter stop and say enough?

It is not every part of lekki that is flooded

https://www.youtube.com/watch?v=kfU1QlXws8Y?si=856PQXRYMxPKSqS-

Let me start with the question that sent me to Elerangbe in the first place.

If you are currently renting in Lagos and paying anywhere between ₦1.5M and ₦3M annually, have you ever sat down and calculated how much money you will have handed to a landlord in the next 10 years with absolutely nothing to show for it?

That single thought is what made me drive out to Solace City Bungalow Phase 2 in Elerangbe, Ibeju-Lekki to see whether owning your own home in Lagos is still realistic at this point in the economy or whether it has become a dream reserved for the very wealthy.
I recorded everything on video so you can judge for yourself without relying on any developer brochure or agent presentation.

What I found on ground:
The estate is called Solace City Bungalow Phase 2, located in Elerangbe along the Ibeju-Lekki axis. What struck me immediately was the pace of development. Over 50 units are already standing and the developers have not even done the official launch yet. That tells you something about the demand.
The pricing is as follows:
3-Bedroom Bungalow with BQ — ₦72 Million
4-Bedroom Bungalow with BQ — ₦85 Million
Initial Deposit to reserve — ₦5 Million
Payment Plan — 9 Months
The title is Government Allocation C of O which for anyone who has been following land matters in Lagos you will understand is a significant detail.

What you actually get for ₦72M:
This is the part I wanted to verify personally because developers can put anything in a flyer.
What I saw on ground:
2.5kVA Solar Power System installed per unit — not promised, already being installed
Underground electricity infrastructure
Paved road network inside the estate
BQ with its own dedicated kitchen
Study corner and workstation area built into the layout
Premium plasterboard ceilings
Drainage system, street lights, green areas
24/7 security surveillance
Gated community perimeter
The solar power point deserves its own conversation. In a country where many Lagos households are spending between ₦80,000 and ₦150,000 monthly on generator fuel alone, a built-in solar system changes the financial calculation of ownership significantly.

Location context:
Elerangbe sits within the broader Ibeju-Lekki corridor. The nearby landmarks that matter for investment purposes are:
Lekki-Epe Expressway
Dangote Refinery
Lekki Deep Sea Port
Proposed Lekki International Airport
Pan Atlantic University

I know some Nairalanders are tired of hearing Dangote Refinery mentioned in every Ibeju-Lekki property pitch. Fair point. But the port is operational and the airport is a genuine government project with a physical site. Those two alone create sustained housing demand that is independent of the refinery timeline.

What the video covers:
00:00 — Why Lagos rent hikes make the case for ownership now
01:15 — What the developer delivered at Solace City Phase 1
02:40 — Solar power system and infrastructure on ground
04:00 — C of O title explained in plain language
05:25 — Full walkthrough of the 3-bedroom bungalow
07:00 — Pricing and payment plan breakdown
08:48 — Full estate tour of Phase 2
12:24 — Full walkthrough of the 4-bedroom bungalow

🎥 Watch the full tour here:
https://www.youtube.com/watch?v=kfU1QlXws8Y?si=856PQXRYMxPKSqS-

My honest questions for Nairalanders:
At what point does paying Lagos rent stop making financial sense compared to buying on a payment plan even if the location is still developing?
Is ₦72M for a 3-bedroom bungalow with BQ, solar power, and C of O in Ibeju-Lekki fair, cheap, or expensive in your opinion?
For those who have invested in the Ibeju-Lekki axis before — how has your experience been with appreciation and developer delivery?
If you had ₦5M available today as a deposit, would you use it to enter this kind of estate or put it somewhere else entirely?
I went there to ask honest questions and show what is actually on ground. I am not a developer or an agent. I am someone who thinks too many Nigerians are giving their money to landlords when they could be building equity.
Watch the video and let me know what you think.
📞 For those who want to enquire directly: +2348062632198

My honest take is that at ₦55M in Abijo I would personally prefer to buy land and build to my taste rather than buy into an apartment block. You have more control, better resale flexibility, and you own the land outright. The only argument for the apartment is if you want something turnkey without the stress of construction and contractor headaches. But for investment purposes land in that axis still beats finished apartments for me. What are others thinking?

Forget investment for a second. As someone paying ₦2.5M rent annually in Lekki Phase 2, a ₦72M bungalow with only ₦5M initial deposit and 9 months payment plan is actually worth considering as a primary home. In 3 years of rent I'm spending ₦7.5M and I own nothing. At least with this I'm building equity. The solar power alone is a major selling point given what NEPA has been doing to all of us lately.

I subscribed to a similar estate in that axis in 2023. At the time people on this same Nairaland were saying I was making a mistake. I just got a valuation done last month and the appreciation has been significant even before completion. The people who win in Lagos real estate are always the ones who moved before the crowd arrived. By the time everywhere agrees something is a good investment, the best prices are already gone.

The "only 16 units remaining" line is used in almost every real estate promotion in Lagos so I'll set that aside. What I actually want to know is how many units were in Phase 1, how quickly did they sell, and what are owners in Phase 1 currently valuing their apartments at compared to what they paid. That is the real data that tells you whether Glory City is a genuine investment or just a well-packaged marketing exercise. Has anyone here bought in Phase 1?

People still don't understand what the Dangote Refinery means for that entire corridor. That refinery alone employs thousands of engineers, managers, technicians, and support staff who all need housing. Then you add the Deep Sea Port and the proposed airport. You are not just buying a bungalow. You are buying into what will become one of the most active economic zones in West Africa. ₦72M today will look like a joke in 2030. I said what I said.

Properties around the refinery will not just appreciate. They will transform. When a fully operational refinery, deep sea port, and international airport are all within 20 minutes of each other, you don't have a neighbourhood anymore. You have an economic district. Buy land in economic districts before they are called economic districts.

I watched the video. The construction quality looks decent but my concern is always the same with Ibeju-Lekki estates. What is the road situation like from the expressway to the estate? Because in Lagos, the last mile kills a lot of otherwise good investments. If the access road is rough, tenants won't come, resale becomes harder, and you are stuck holding an asset you can't easily convert. Has anyone been to Elerangbe recently to confirm the road network?

Interesting video but let's be honest. Not every "next Lekki" actually becomes Lekki. How many estates have been sold in Ibeju-Lekki and Epe corridor with those same Dangote Refinery and Free Trade Zone talking points since 2015? Some people are still waiting for infrastructure to match the brochure. I'm not saying don't invest. I'm saying do your due diligence beyond a YouTube video

I have lived in Abijo GRA for 3 years now and I can confirm this area is genuinely developing faster than most people on Lagos Island realise. The road network inside the GRA has improved significantly. New schools, a few clinics, and small commercial clusters have come up quietly. What this video got right is that you need to physically visit before you invest. Abijo looks very different on the ground compared to what people imagine when they hear the name. ₦55M for a 2-bedroom apartment in a proper GRA is actually competitive.

Yes I would buy in Ibeju-Lekki at this stage. The infrastructure trajectory is clear. Dangote Refinery is operational. The port is active. The airport is coming. The only real risk is timeline and patience which is true of any off-plan investment.

I will never forgive myself. My uncle told me to buy land in Ajah in 2005 and I said "what will I do with bush?" That same land sold for 15x what he bought it for. When people were saying Epe in 2018 I made the same mistake again. Some of us just don't learn until the opportunity has passed completely. Watching this video hurt my chest.

Let me put this in perspective for people saying ₦72M is expensive. A comparable 3-bedroom bungalow with BQ in Lekki Phase 1 right now starts from ₦250M. In Ajah you are looking at ₦120M minimum. In Sangotedo ₦85M to ₦100M. So ₦72M in Elerangbe with C of O, solar power, and paved roads inside a gated estate is not expensive. It is cheap relative to where that axis is heading. The question is not the price. The question is your timeline.

What caught my attention is that over **50 units have already been built in less than 3 months**, and the developers are saying prices may increase after the official launch.

The big question is:

Would you rather buy this bungalow for ₦72M, or use the money elsewhere in Lagos?

remember when many people laughed at anyone buying land in Epe.

The common comments were:

"Nothing is there."

"It's too far."

"Who will live there?"

Fast forward to today, and some of those same areas have recorded massive appreciation due to ongoing development across the Lekki-Epe corridor.

Why You Need To Watch This:
​The Bank Trap: How the "interest" your bank gives you is actually a loss when you calculate the real inflation rate.

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you are looking for a premium, modern property with high rental yield and massive capital appreciation potential in the "New Lagos" corridor, your search ends here.

What caught my attention is that over **50 units have already been built in less than 3 months**, and the developers are saying prices may increase after the official launch.

lot of people are rushing to buy land and houses in Abijo GRA because of its rapid development, but there are some things every buyer should know before investing there.

Now another estate has launched close to St. Augustine University in Epe, and I'm curious what Nairalanders think about it.

Here are the details:

📍 Location: Near St. Augustine University, Epe, Lagos

💰 Launch Price:

▪️ 300sqm – ₦12 Million (All Inclusive)

▪️ 500sqm – ₦20 Million (All Inclusive)

💳 Initial Deposit: ₦3 Million

A lot of people are rushing to buy land and houses in Abijo GRA because of its rapid development, but there are some things every buyer should know before investing there.

Now another estate has launched close to St. Augustine University in Epe, and I'm curious what Nairalanders think about it.

Here are the details:

📍 Location: Near St. Augustine University, Epe, Lagos

💰 Launch Price:

▪️ 300sqm – ₦12 Million (All Inclusive)

▪️ 500sqm – ₦20 Million (All Inclusive)

💳 Initial Deposit: ₦3 Million

for **₦72 Million**, you get:

✅ 3-Bedroom Bungalow + BQ
✅ Government Allocation C of O
✅ 2.5kVA Solar Power System
✅ Underground Electricity
✅ Dedicated Study/Workstation Area
✅ Security Surveillance
✅ Paved Roads & Street Lights
✅ Gated Estate
✅ Only ₦5 Million Initial Deposit

https://www.youtube.com/watch?v=58flRQ9trhs?si=QBx_k9U0o6GFH-l8

Oya come in here, my people. Let’s have an honest conversation about how inflation and bank charges are quietly erasing our hard-earned money.

​If you still have large chunks of money sitting in a savings account or a 90-day fixed deposit, thinking you are doing "low-risk investment," you need a serious wake-up call. Between the endless card maintenance fees, SMS alerts, and the giant monster called Inflation, your bank is literally chopping your purchasing power while you sleep

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Discover modern luxury, comfort, and functionality in this beautifully designed 2/3-bedroom terrace duplex located in a prime area of Eleko Lagos. Built with premium finishes, smart features, and spacious living areas, this home is perfect for families and investors seeking value in one of Lagos’ fastest-growing residential hubs

FOR ENQUIRIES & INSPECTION (PHYSICAL / VIRTUAL)
​Don’t miss out on this incredible investment opportunity that offers so much more than just a place to call home. Invest today and secure your future in this thriving community!
​📱 Call / WhatsApp: +234 806 263 2198
📧 Email: info@toksrealty.com
​Drop your comments below or send a direct message on WhatsApp to book a site inspection this week! Units are selling out fast.

https://www.youtube.com/watch?v=BVeiUZpQVCI
People Called Epe "Bush" 10 Years Ago... Are They Regretting It Now? (Video)

I remember when many people laughed at anyone buying land in Epe.

The common comments were:

"Nothing is there."

"It's too far."

"Who will live there?"

Fast forward to today, and some of those same areas have recorded massive appreciation due to ongoing development across the Lekki-Epe corridor.

Now another estate has launched close to St. Augustine University in Epe, and I'm curious what Nairalanders think about it.

Here are the details:

📍 Location: Near St. Augustine University, Epe, Lagos

💰 Launch Price:

▪️ 300sqm – ₦12 Million (All Inclusive)

▪️ 500sqm – ₦20 Million (All Inclusive)

💳 Initial Deposit: ₦3 Million

The developers claim the location stands to benefit from:

✔ Expansion of the Lekki-Epe corridor

✔ Growth around the Free Trade Zone

✔ Dangote Refinery influence

✔ Increasing demand for housing and commercial developments

✔ Proximity to a major university

I visited the location and recorded a full video so people can judge for themselves instead of relying on adverts.

🎥 Watch the full video here:


https://www.youtube.com/watch?v=BVeiUZpQVCI

My questions for Nairalanders:

1. Do you think Epe is still underrated, or has the best opportunity already passed?

2. If you had ₦12 Million today, would you buy land in Epe or somewhere else in Lagos?

3. What area in Lagos today reminds you of Lekki 15 years ago?

4. Do you think land prices in Epe will double again within the next 5 years?

I'd really like to hear different opinions, especially from those who have invested in Epe before.

Let's discuss.

https://www.youtube.com/watch?v=cnjH867X74g
They Won't Tell You This About Abijo GRA Lagos... Before Buying Property There

A lot of people are rushing to buy land and houses in Abijo GRA because of its rapid development, but there are some things every buyer should know before investing there.

I recently visited the area and discovered why many investors are paying serious attention to Abijo GRA, while others are still sitting on the fence waiting.

Some people believe Abijo GRA could become one of the most desirable residential locations along the Lekki corridor.

Others think current prices are already too high.

So, I decided to do a complete road tour of the area and also show one of the ongoing residential developments inside Abijo GRA.

A few things covered in the video:

✔ What's really happening in Abijo GRA today
✔ Accessibility and road network
✔ Infrastructure development in the area
✔ Why investors are buying early
✔ Potential risks buyers should know
✔ Full tour of Glory City Phase 2

PROPERTY DETAILS

🏡 2-Bedroom Carcass Apartment — ₦55 Million

🏡 2-Bedroom Fully Finished Apartment — ₦60 Million

💰 Flexible 12-Month Payment Plan

📅 Expected Delivery: March 31, 2027

⚠️ Only 16 Units Remaining

Estate Features:

✅ Excellent Road Network

✅ Security System

✅ Good Drainage Infrastructure

✅ Portable Water Supply

✅ Perimeter Fencing

Now my question to Nairalanders:

If you had ₦60 Million today, would you:

A. Buy this apartment in Abijo GRA

B. Buy land elsewhere in Ibeju-Lekki

C. Build your own house

D. Invest the money in another business

I'd really like to hear your reasons.

Watch the full video here:

🎥
https://www.youtube.com/watch?v=cnjH867X74g

Let's discuss.

https://www.youtube.com/watch?v=kfU1QlXws8Y


**Would You Pay ₦72 Million for This Bungalow in Lagos? (Video Tour Inside)**

I just came across a newly built bungalow estate in Elerangbe, Ibeju-Lekki, Lagos, and honestly, I'm curious what Nigerians think about it.

For **₦72 Million**, you get:

✅ 3-Bedroom Bungalow + BQ
✅ Government Allocation C of O
✅ 2.5kVA Solar Power System
✅ Underground Electricity
✅ Dedicated Study/Workstation Area
✅ Security Surveillance
✅ Paved Roads & Street Lights
✅ Gated Estate
✅ Only ₦5 Million Initial Deposit

The estate is close to:

* Dangote Refinery
* Lekki Deep Sea Port
* Proposed Lekki International Airport
* Pan Atlantic University

What caught my attention is that over **50 units have already been built in less than 3 months**, and the developers are saying prices may increase after the official launch.

The big question is:

**Would you rather buy this bungalow for ₦72M, or use the money elsewhere in Lagos?**

I visited the site and recorded a full video tour showing everything exactly as it is on ground.

🎥 Watch the full tour here:

https://www.youtube.com/watch?v=kfU1QlXws8Y

After watching, please tell me:

1. Is ₦72M fair, cheap, or expensive?
2. Would you buy in Ibeju-Lekki at this stage?
3. Do you think properties around Dangote Refinery will appreciate significantly in the next few years?

Let's discuss.