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The Lekki Peninsula: How the Best Restaurants and Bars are Shaping Lagos Real Estate by Dennis Isong
The Lekki peninsula stands out as a beacon of modernity and luxury. Over the past decade, Lekki has transformed from a quiet, residential area into a sought-after destination for both locals and expatriates. This transformation has been driven, in large part, by the emergence of world-class restaurants and bars that have put Lekki on the map as a culinary hotspot.
In this article, we’ll explore the best restaurants and bars that Lekki has to offer, telling you the unique flavors and experiences that make each establishment stand out.
We’ll also examine how this burgeoning food and beverage scene has had a profound impact on the real estate market in Lagos, particularly in the Lekki area. From increased property values to the development of mixed-use spaces, the relationship between Lekki’s culinary offerings and its real estate market is a fascinating example of how lifestyle amenities can shape urban development.
The Culinary Renaissance of Lekki
Fine Dining Establishments
Lekki’s transformation into a gastronomic paradise began with the arrival of several high-end restaurants that brought international cuisines and fine dining experiences to the area. One of the pioneers in this space is “Nok by Alara,” a restaurant that has redefined contemporary African cuisine. Located in the iconic Alara concept store, Nok offers a menu that showcases the diverse flavors of the continent, presented with modern flair and impeccable service.
Another standout in the fine dining category is “Oreka,” a restaurant that combines Mediterranean and Nigerian influences to create a unique fusion cuisine. With its elegant decor, panoramic views of the Lagos lagoon, and innovative menu, Oreka has quickly become a favorite among Lekki’s discerning diners.
For those seeking an authentic Italian experience, “Bungalow Restaurant” offers a taste of the Mediterranean right in the heart of Lekki. Known for its handmade pasta, wood-fired pizzas, and extensive wine list, Bungalow has become a go-to spot for romantic dinners and business lunches alike.
Trendy Casual Eateries
While fine dining establishments have certainly put Lekki on the culinary map, it’s the trendy casual eateries that have truly captured the hearts of locals and visitors. “The Harvest” is a prime example of this trend, offering farm-to-table cuisine in a relaxed, Instagram-worthy setting. With its focus on locally sourced ingredients and innovative takes on Nigerian classics, The Harvest has become a hotspot for young professionals and food enthusiasts.
“Craft Gourmet by Lou Baker” is another casual dining success story in Lekki. This artisanal bakery and cafe has gained a loyal following for its freshly baked breads, gourmet sandwiches, and decadent desserts. The laid-back atmosphere and all-day dining options make it a popular choice for both quick bites and leisurely brunches.
For those craving international flavors, “Cilantro” brings a taste of West Asia and North Africa to Lekki. With its vibrant decor and menu featuring everything from Lebanese mezze to Moroccan tagines, Cilantro has become a go-to spot for groups looking to share a diverse array of dishes in a lively atmosphere.
Innovative Bars and Lounges
No discussion of Lekki’s culinary scene would be complete without mentioning the innovative bars and lounges that have sprung up in recent years. “Brass and Copper” leads the pack with its speakeasy-inspired decor and expertly crafted cocktails.
The bar’s mixologists are known for their creative concoctions that often incorporate local ingredients and spirits, offering a uniquely Nigerian twist on classic cocktails.
For those seeking a more laid-back vibe, “Crossroads” has become a favorite among Lekki residents. This rooftop bar offers stunning views of the Lagos skyline, coupled with an extensive list of local and international beers, wines, and spirits. The bar’s regular live music nights have made it a cultural hub for the area’s creative community.
“The Blowfish” rounds out Lekki’s top-tier bar scene with its sophisticated ambiance and focus on premium spirits. Known for its extensive whiskey collection and cigar lounge, The Blowfish caters to a more mature crowd looking for a refined nightlife experience.
The Impact on Lagos Real Estate
Rising Property Values
The influx of high-quality restaurants and bars in Lekki has had a significant impact on the area’s real estate market. As these establishments have attracted more visitors and residents to the area, demand for both residential and commercial properties has skyrocketed. This increased demand has led to a substantial rise in property values across Lekki.
Real estate experts estimate that properties near popular dining and entertainment spots have seen value increases of up to 30% over the past five years. This trend is particularly evident in areas like Lekki Phase 1 and Admiralty Way, where many of the top restaurants and bars are concentrated.
The influx of high-quality restaurants and bars in Lekki has had a significant impact on the area’s real estate market
The rising property values have not only benefited existing property owners but have also attracted significant investment from both local and international real estate developers. These developers are eager to capitalize on Lekki’s growing reputation as a lifestyle destination, leading to the construction of new luxury apartments, condominiums, and mixed-use developments.
Development of Mixed-Use Spaces
One of the most notable trends in Lekki’s real estate market has been the rise of mixed-use developments that combine residential, commercial, and entertainment spaces. These developments are designed to cater to the growing demand for integrated living experiences, where residents can work, dine, and socialize all within the same complex.
A prime example of this trend is the “Lekki Pearl Estate,” a sprawling development that includes luxury apartments, office spaces, a shopping mall, and a dedicated restaurant and bar district.
By incorporating high-end dining options and trendy bars into the development plan, the developers have created a self-contained community that appeals to young professionals and families alike.
Similarly, the “Landmark Village” development has capitalized on Lekki’s culinary scene by creating a waterfront promenade lined with restaurants and bars. This approach has not only increased the appeal of the residential and office spaces within the development but has also created a new destination for dining and entertainment in Lekki.
Attraction of International Investors
The thriving food and beverage scene in Lekki has not gone unnoticed by international investors. As the area’s reputation has grown, it has attracted attention from global hotel chains, restaurant groups, and real estate investment trusts (REITs) looking to enter the Nigerian market.
Several international hotel brands have announced plans to open properties in Lekki, drawn by the area’s growing reputation as a lifestyle destination. These hotels often feature multiple dining options and bars, further enhancing Lekki’s culinary landscape while also driving up property values in the surrounding areas.
Additionally, international restaurant chains and celebrity chefs have begun to express interest in opening outposts in Lekki. This influx of global brands is expected to further cement Lekki’s status as a culinary destination and continue to drive real estate development in the area.
Infrastructure Improvements
The success of Lekki’s restaurants and bars has also led to significant infrastructure improvements in the area. As more visitors flock to Lekki for its dining and entertainment options, there has been increased pressure on local authorities to improve roads, public transportation, and other essential services.
These infrastructure improvements have, in turn, made Lekki an even more attractive location for real estate development.
Better roads and transportation options have expanded the area’s catchment, allowing developers to build in previously less accessible locations while still benefiting from proximity to the established dining and entertainment hubs.
Creation of New Job Opportunities
The growth of the restaurant and bar scene in Lekki has also led to the creation of numerous job opportunities, both directly in the hospitality industry and indirectly in related sectors. This increase in employment has further driven demand for housing in the area, as workers seek to live closer to their places of work.
Real estate developers have responded to this trend by creating more affordable housing options alongside luxury developments. This diversification of the housing stock has helped to create a more balanced and sustainable real estate market in Lekki, catering to a wide range of income levels and lifestyles.
Challenges and Future Outlook
While the impact of Lekki’s culinary scene on the real estate market has been largely positive, it has not been without its challenges.
The rapid development and gentrification of the area have led to concerns about affordability and the displacement of long-time residents. Local authorities and developers are now grappling with how to balance the area’s growth with the need to maintain its character and inclusivity.
There are also concerns about market saturation, as the number of restaurants and bars in Lekki continues to grow. Some industry experts worry that the market may not be able to sustain the current rate of growth, which could lead to closures and potentially impact property values.
Despite these challenges, the outlook for Lekki’s culinary scene and its impact on the real estate market remains largely positive.
As Lagos continues to grow and attract both domestic and international investment, Lekki is well-positioned to remain at the forefront of the city’s development.
As Lekki continues to evolve, it will be fascinating to see how this relationship develops further. Will the area be able to maintain its balance of high-end establishments and local favorites?
How will developers and city planners address the challenges of rapid growth and gentrification? And what new culinary trends and real estate innovations will emerge in the coming years?
One thing is certain: Lekki’s transformation from a quiet suburban area to a vibrant, cosmopolitan destination has been driven in large part by its thriving food and beverage scene.
As long as the area continues to innovate and adapt, it is likely to remain at the heart of Lagos’s culinary and real estate landscape for years to come.
News
Atiku Backs Suspension of new tax framework , following unconstitutional forgery
This constitutional violation exposes a troubling reality: a government obsessed with imposing ever-increasing tax burdens on impoverished Nigerians rather than creating conditions for prosperity.
Atiku Abubakar, ex- Vice President of Nigeria (1999-2007) has strengthened the public calls for the suspension of the Federal Government’s new tax laws following the discovery of illegal and unauthorized alterations made to document after passage by the National Assembly.
Atiku, in a statement he signed personally on Tuesday, asserted “What the National Assembly did not pass cannot become law.”
Atiku described the forgery of the tax law as “a brazen act of treason against the Nigerian people and a direct assault on our constitutional democracy.”
The statement reads: “This draconian overreach by the executive branch undermines the foundational principle of legislative supremacy in the making of laws.
It reveals a government more interested in extracting wealth from struggling citizens than empowering them to prosper.
The Unconstitutional Alterations
The following substantive changes were allegedly illegally inserted into the tax bills after parliamentary approval, in clear violation of Sections 4 and 58 of the 1999 Constitution:
1. New Coercive Powers Without Legislative Consent
*Arrest powers granted to tax authorities
*Property seizure and garnishment without court orders
*Enforcement sales conducted without judicial oversightThese provisions transform tax collectors into quasi-law enforcement agencies, stripping Nigerians of due process protections that the National Assembly deliberately included.
2. Increased Financial Burdens on Citizens*Mandatory 20% security deposit before appealing tax assessments*Compound interest on tax debts*Quart
erly reporting requirements with lowered thresholds
*Forced USD computation for petroleum operations
These changes erect barriers that prevent ordinary Nigerians from challenging unjust assessments while increasing compliance costs for businesses already struggling in a difficult economy.
3. Removal of Accountability Mechanisms
*Deletion of quarterly and annual reporting obligations to the National Assembly
*Elimination of strategic planning submission requirements
*Removal of ministerial supervisory provisions
By stripping away oversight mechanisms, the government has insulated itself from accountability while expanding its powers—a hallmark of authoritarian governance.
A Government Against Its People
This constitutional violation exposes a troubling reality: a government obsessed with imposing ever-increasing tax burdens on impoverished Nigerians rather than creating conditions for prosperity.
Instead of investing in infrastructure, education, healthcare, and economic empowerment that would expand the tax base organically, this administration chooses the path of aggressive extraction from an already struggling populace.
Nigeria’s poverty rate remains alarmingly high, unemployment continues to devastate families, and inflation erodes purchasing power daily.
Yet rather than supporting citizens to become more productive, thereby generating sustainable tax revenues, the government employs draconian measures to squeeze resources from people who have little left to survive.
True economic growth comes from empowering citizens, not impoverishing them further through punitive taxation and erosion of legal protections.
A thriving economy with prosperous citizens naturally generates robust tax revenues. But this requires vision, investment, and patience, qualities evidently lacking in an administration that resorts to constitutional manipulation to achieve short-term fiscal goals.
I hereby call upon:1. The Executive to immediately suspend the implementation of the tax law effective January 1, 2026 to give room for a proper investigation.
2. The National Assembly to immediately rectify these illegal alterations through proper legislative processes and hold accountable those responsible for this constitutional breach.
3. The Judiciary to strike down these unconstitutional provisions and reaffirm the sanctity of the legislative process.
4. Civil Society and all Nigerians to reject this assault on democratic principles and demand governance that serves the people rather than exploiting them.
5. The Government to abandon this path of extraction and oppression, and instead focus on policies that enable Nigerian citizens and businesses to thrive.
6. The EFCC to immediately investigate and prosecute those found culpable in the illegal alteration of our laws to extort and defraud the Nigerian people.
What the National Assembly did not pass cannot become law.
This fundamental principle must be defended, or we risk descending into arbitrary rule where constitutional safeguards mean nothing.
The Nigerian people deserve better than a government that circumvents democracy to impose hardship.
We demand accountability, constitutional compliance, and economic policies that build prosperity rather than deepen poverty.”
News
FIRS says NIN to serve as Tax ID for individuals
The new tax law is scheduled to come into force in January 2026 and mandates the use of a Tax ID for certain financial and economic transactions, including banking-related activities.
The Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) will now automatically serve as the Tax Identification Number (Tax ID) for individual Nigerians under the country’s new tax regime.
FIRS also said that registered businesses will also no longer need a separate Tax Identification Number, as their Corporate Affairs Commission (CAC) registration (RC) number will now function as their Tax ID.
The Service made the disclosure on its official X handle on Monday, ahead of the passage of the Nigeria Tax Administration Act (NTAA), one of the new tax laws introduced as part of the Federal Government’s broader fiscal and tax reform agenda .
The new tax law is scheduled to come into force in January 2026 and mandates the use of a Tax ID for certain financial and economic transactions, including banking-related activities.
News
Tanker crushes Akpabio’s dispatch rider to death
We went to Oyo State for the installation of our colleague, but the vehicles that came to pick me up at the Ibadan airport, unfortunately, my dispatch rider was run over by a tanker driver, and his head was shattered.
Ibrahim Hussaini, a dispatch rider attached to the convoy of Godswill Akpabio, the Senate President, has been killed after a petrol tanker rammed into the motorcade.
Although the Senate President did not state the precise location of the crash, he said that it happened in Ibadan, Oyo State, shortly after members of his convoy picked him up from the Ibadan Airport.
Akpabio announced the death during the plenary on Tuesday; he extended condolences to the family of the deceased.
Dispatch riders, who are police officers, form part of the security detail of top government officials and typically escort convoys on motorcycles.
Dispatch riders, who are police officers, form part of the security detail of top government officials and typically escort convoys on motorcycles.
“We went to Oyo State for the installation of our colleague, but the vehicles that came to pick me up at the Ibadan airport, unfortunately, my dispatch rider was run over by a tanker driver, and his head was shattered.
“We just buried him 15 minutes ago in Kogi State. He left two wives and four children,” the Senate President told lawmakers
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