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Places You Can Live Comfortably on the Lagos Island and Mainland, by Dennis Isong

VI is the business hub of Lagos, but it also has amazing residential areas. You’ll find top-notch apartments, good schools, fine dining, and beaches. The only downside? The rent is not smiling. But if you want to live close to work and still enjoy premium comfort, VI is an excellent choice.

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You know how Lagos is, right? One minute, you’re stuck in traffic for three hours, and the next, you’re enjoying the best suya of your life.

But let’s be honest—where you live in Lagos can make or break your experience.

That’s why we’re here, to help you find places you can comfortably live, whether you prefer the Island’s flashy vibes or the Mainland’s rugged charm.

Best Places to Live on the Island

▪︎Lagos Island and Mainland \ Shutterstock.com

If you love the soft life and don’t mind paying premium prices, the Island is for you. Here are some top areas to consider:

1. Ikoyi

If Lagos had a VIP section, it would be Ikoyi. This place is home to the rich and powerful. The roads are clean, the houses are luxurious, and security is top-notch.

Expect well-paved streets, high-end restaurants, and some of the most expensive real estate in Nigeria. If your wallet can handle it, Ikoyi is one of the best places to live in Lagos.

2. Victoria Island (VI)

VI is the business hub of Lagos, but it also has amazing residential areas. You’ll find top-notch apartments, good schools, fine dining, and beaches. The only downside? The rent is not smiling. But if you want to live close to work and still enjoy premium comfort, VI is an excellent choice.

3. Lekki Phase 1

Lekki Phase 1 is for those who want the Island experience but can’t quite afford Ikoyi or VI. It has a mix of luxury and affordability (by Lagos standards). You’ll find many young professionals, good schools, nice estates, and fun places like malls and lounges. However, be ready for traffic, especially during rush hours.

Places like Phase 1 and Phase 2 are particularly popular for their neat environment and relatively stable electricity.

4. Chevron Drive and Ajah

These areas are for people who want the Island life but at a slightly more affordable rate. Ajah has seen major development, with beautiful estates and good roads. Just make sure your house is in a flood-free zone because rain in Lagos can humble even the best plans.

5. Eko Atlantic

This is the future of Lagos. A city built on reclaimed land from the Atlantic Ocean, offering ultra-modern apartments, luxury living, and state-of-the-art infrastructure. If you have the budget for it,

Eko Atlantic is the definition of futuristic living.

Best Places to Live on the Mainland

The Mainland is for those who love Lagos but don’t want to sell a kidney to afford rent. Here are the best places to live comfortably:

1. Ikeja

Ikeja is the capital of Lagos and one of the best places to live on the Mainland. Areas like GRA, Maryland, and Magodo offer good housing, reliable electricity, and less traffic compared to other parts of the Mainland. Plus, you have easy access to the airport, malls, and entertainment spots.

2. Magodo

Magodo feels like the Ikoyi of the Mainland. It is a secure, well-planned area with good roads, beautiful estates, and an organized environment. If you want a peaceful lifestyle with a touch of luxury but don’t want to cross the Third Mainland Bridge every day, Magodo is a great option.

3. Yaba

Yaba is the tech hub of Lagos. With Unilag and several startups in the area, it has a youthful, vibrant feel. Yaba is also home to affordable and decent housing, good transportation links, and a bubbling nightlife. If you’re a young professional or student, Yaba is a solid choice.

4. Surulere

Surulere is the best mix of old and new Lagos. It has good residential estates, a lively social scene, and is centrally located.

You can get to the Island easily while still enjoying affordable rent. Plus, it’s home to the National Stadium, where you can catch football matches and concerts.

5. Ogudu GRA

Ogudu GRA is a hidden gem. It has a serene environment, great road networks, and reliable security. It’s close to both the Mainland and the Island, making it convenient for professionals who need easy movement around Lagos.

6. Festac and Amuwo-Odofin

If you love space and want a family-friendly environment, these areas are great options. They have organized estates, good schools, and a peaceful vibe that is rare in Lagos. Plus, they are close to the Lagos-Badagry Expressway, making travel easier.

7. Gbagada

Gbagada is another top pick for Mainland living. It is well-planned, has a good mix of modern and old buildings, and offers easy access to both the Island and other parts of the Mainland.

▪︎For personalized assistance with property needs in Jakande and the broader Lagos area, interested parties can contact Dennis Isong, a top Lagos realtor specializing in helping Nigerians in the diaspora own property stress-free. He can be reached at +2348164741041.  

Business

CBN: 60 newly recruits staff laments three years of waiting without engagement

The concerned staff appealed to the CBN Governor, President Bola Tinubu, and other stakeholders to look into their plights, as economic hardship has taken a toll on them after about three years of leaving their jobs.

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• CBN Governor, Olayemi Cardoso

A group of newly recruited staff of the Central Bank of Nigeria (CBN) have cried out over delayed posting and onboarding into various positions since August 28, 2023.

The Guardian reported that according to the employees, the Apex Bank issued the offer, which was followed by an acceptance copy and instructions to resign from their previous places of work, where applicable, as part of documentation.

“We all tendered resignation letters to our former employers at that time to enable us to proceed with the CBN process,” one of the affected employees, Emmanuel Linus Dabo, who spoke on behalf of others,, told newsmen on Monday.

According to him, the application process started in April 2023, where their resumé were submitted to the Headquarters of CBN, and after some time, they received emails from the Human Resources Department for interview and aptitude tests.

“We did a medical examination at the bank’s medical clinic, where a code was given to individual applicants before we could access the hospital.

After the interview and medical and aptitude tests, the successful applicants were contacted by the HR manager to come to CBN Headquarters in Abuja to pick up their offer letter. We filled the acceptance letter without delay,” he said.

He further stated that there was a series of e-mails from the Human Resources office requesting that they forward their credentials for the online documentation, including their acknowledged resignation letters from their previous employers…

The concerned staff appealed to the CBN Governor, President Bola Tinubu, and other stakeholders to look into their plights, as economic hardship has taken a toll on them after about three years of leaving their jobs.

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Business

KPMG, NRS settle rifts over new tax laws

In its newsletter on January 9, KPMG said there are “errors, inconsistencies, gaps, omissions, and lacunae” in the new tax laws that require urgent reconsideration to ensure the achievement of their stated objectives.

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KPMG executives and Zaach Adedeji, chairman of the Nigeria Revenue Service (NRS), held a meeting on Monday following the disagreement over the new tax laws.

In its newsletter on January 9, KPMG said there are “errors, inconsistencies, gaps, omissions, and lacunae” in the new tax laws that require urgent reconsideration to ensure the achievement of their stated objectives

However, on January 10, the presidential fiscal policy and tax reforms committee pushed back against KPMG’s critique, noting that KPMG does not understand the laws.

The committee said a significant proportion of the issues described as “errors,” “gaps,” or “omissions” by KPMG are either the firm’s own errors and invalid conclusions, or matters not properly understood by the firm.

In a statement on Monday, the NRS said that Adedeji hosted a courtesy visit from the delegation of the tax advisory firm.

” During the visit, the KPMG team clarified that their earlier opinion on the new tax laws “had been misconstrued and expressed regret over the misunderstanding.

“They sought further clarity on the provisions of the laws and highlighted areas where recommendations could be made.”

The source said that the meeting ended with the delegation commended the NRS chairman for efficiently and promptly implementing the reforms.

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Business

IMF to release January 2026 World Economic Outlook update on Monday

The January WEO Update is expected to provide revised global growth forecasts and insights into inflation trends, monetary policy direction, and key risks facing the global economy in 2026.

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The International Monetary Fund (IMF) will release its January 2026 World Economic Outlook (WEO) Update on Monday, January 19, 2026.

The report will be presented during a press conference hosted at the National Bank of Belgium in Brussels.

The press conference is scheduled for 10:30 a.m. The Brussels time and will be streamed live via the IMF website and Press Centre, allowing journalists to participate both in person and virtually.

The IMF’s economic assessment will be presented by Pierre-Olivier Gourinchas, Economic Counselor and director of the Research Department; Petya Koeva Brooks, deputy director of the Research Department; and Deniz Igan, Division Chief, Research Department.

The January WEO Update is expected to provide revised global growth forecasts and insights into inflation trends, monetary policy direction, and key risks facing the global economy in 2026.

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