Business
Why You Should Explore Property Options in Ajah, Lagos State by Dennis Isong
Major projects like the Lekki F⁸ree Trade Zone, the Dangote Refinery, and the proposed Lekki International Airport are also nearby.
If you’re thinking about buying land or a home in Lagos, Ajah should be on your radar.
It’s one of the few places in Lagos where you can still get good value for money without sacrificing accessibility and modern comforts.
Whether you’re an investor, a first-time buyer, or just looking for a place to call home, Ajah has a lot to offer.
1. Affordable Compared to Other Prime Lagos Areas Buying property in Ikoyi or Victoria Island is like trying to buy a plot on the moon—very expensive.
Even Lekki Phase 1 is getting out of reach for many buyers. But Ajah? Ajah is still relatively affordable. You can get a decent plot of land in Ajah at a fraction of the price of similar land in Lekki. And the best part?
Ajah is growing fast. So, buying now means you’ll enjoy significant appreciation in the coming years.
2. Strategic Location
Ajah sits between the busy Lekki Phase 1 and the fast-growing Ibeju-Lekki. This means you’re close to major business hubs without being stuck in the thick of the congestion.
The area is well-connected by the Lekki-Epe Expressway, making it easy to move around. Whether you work on the Island or have business in Lagos Mainland, Ajah gives you access to both sides without too much hassle.
3. Growing Infrastructure
Ajah is developing rapidly, and property prices are rising. If you buy land or a house now, you’ll likely sell it at a much higher price in a few years.
A few years ago, Ajah was mostly waterlogged and difficult to navigate. But today, things have changed. Roads are being fixed, drainage systems are improving, and there’s better power supply in many parts.
Major projects like the Lekki F⁸ree Trade Zone, the Dangote Refinery, and the proposed Lekki International Airport are also nearby.
These developments will boost property value and make Ajah an even more attractive place to live and invest in.
4. Wide Range of Property Options
Whether you want the land to be built from scratch or a finished apartment, Ajah has something for you. From affordable mini-flats to luxurious duplexes in estates, you’ll find properties that suit your budget and lifestyle.
Many developers in Ajah offer flexible payment plans, making it easier for buyers to own property without breaking the bank. If you can’t pay all at once, installment plans are often available.
5. Perfect for Family Living If you have a family or are planning to start one, Ajah is a great place to consider.
It’s quieter than many parts of Lagos, with less noise and pollution. Many estates in Ajah come with security, good roads, and access to schools, supermarkets, and hospitals.
Schools like Caleb British International School and Green Springs School provide top-quality education, so you don’t have to worry about sending your kids far away for good schooling.
6. A Hub for Business and Investment
Ajah is not just for residential living. If you’re a business-minded person, you’ll love the opportunities here. Shops, supermarkets, hotels, and offices are springing up daily.
With more people moving in, businesses in Ajah are thriving.
If you’re an investor, rental income is promising here. Many people who work in Lekki and Victoria Island prefer to rent in Ajah because it’s more affordable. This makes it a great spot for buy-to-let investments.
7. Estates Everywhere
If security and community living are important to you, you’ll love the estate options in Ajah.
Popular estates like Abraham Adesanya Estate, Crown Estate, and Royal Gardens offer modern living with good security and amenities.
Living in an estate means you don’t have to worry about bad roads, unreliable power supply, or water issues—things that can be a problem in other parts of Lagos.
8. Future Appreciation
Ajah is developing rapidly, and property prices are rising. If you buy land or a house now, you’ll likely sell it at a much higher price in a few years.
With the ongoing expansion of the Lekki-Epe Expressway and the development of new estates and business hubs, property value in Ajah will only go up. If you want to invest in a place with high returns, Ajah is a smart choice.
How to Get Started with Buying Property in Ajah
If you’re convinced that Ajah is a good place to buy property, the next step is knowing how to go about it. Buying property in Lagos can be tricky if you’re not careful, so here are some tips to guide you:
1. Work with a Trusted Real Estate Agent
Not all land or houses in Ajah are genuine. Some properties have issues like land disputes, double allocation, or fake documents.
That’s why you need a reliable real estate expert who knows the area well. An experienced agent will help you find the right property, verify the ownership, and guide you through the buying process.
2. Do a Proper Land Search
Before paying for any land or house, make sure you check its legal status. Visit the Lagos State Land Bureau to confirm if the land has proper documentation and isn’t under government acquisition.
For houses, ensure the title documents (Certificate of Occupancy, Governor’s Consent, Deed of Assignment, etc.) are authentic. Don’t rely on what the seller tells you—verify!
3. Consider an Estate Property If you don’t want to stress about land verification and legal issues, buying in a registered estate is a safer option.
Estate developers usually provide proper documentation, making it easier for buyers to secure their investment. Some well-known estates in Ajah include:
● Abraham Adesanya Estate (Great for family living)
● Crown Estate (Luxury and comfort)
● Royal Gardens Estate (Well-planned and secure)
● Lafiaji Estate (Close to Lekki and affordable) These estates offer good security, steady electricity, and modern facilities, making them a smart choice for both living and investment.
4. Think Long-Term
Ajah is still growing, so don’t just look at its present state—think of the future. If you buy land in an area that looks undeveloped today, it could be worth millions in a few years.
For example, some parts of Ibeju-Lekki, which were once considered too far, are now in high demand because of projects like the Lekki Free Trade Zone and Dangote Refinery.
So, if your budget is small, don’t be afraid to buy in the outskirts of Ajah. Development will catch up soon, and your property value will appreciate.
5. Negotiate and Compare Prices Property prices in Ajah vary depending on location, estate, and seller. Before making a payment, compare prices in different areas.
Don’t just settle for the first option you see—there’s always room for negotiation. A professional real estate agent can help you get the best deal without overpaying.
6. Have a Budget Beyond Just Buying the Property Many people forget that buying property comes with extra costs.
Apart from the purchase price, you may need to budget for: ● Legal fees (to process your documents) ● Survey and land registration ● Development fees (if buying in an estate) ● Building costs (if you’re buying land to develop later)
Understanding these costs will help you plan better and avoid surprises.
Ajah is one of the few places in Lagos where you can still find affordable property with great future potential.
As development continues, prices will keep rising, and opportunities will become limited. If you’ve been thinking about buying property in Lagos, Ajah is a smart place to invest.
Whether you’re looking for land, a house, or rental property, there’s something for everyone.
But don’t wait too long—the best time to buy property in Ajah is now!
Business
President Tinubu Receives Nigeria’s Tax Ombudsman, Urges Fairness and Transparency in Tax Administration
President Bola Ahmed Tinubu on Thursday received Dr. John Nwabueze, the Chief Executive Officer of the Nigerian Tax Complaints Commission—widely known as the Tax Ombudsman—at the State House in Abuja.
The meeting, attended by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, comes as part of ongoing efforts to strengthen Nigeria’s tax reform agenda and build public confidence in the revenue system.
Dr. Nwabueze was appointed by President Tinubu on November 4, 2025, as the pioneer Tax Ombudsman under the Joint Revenue Board of Nigeria (Establishment) Act, 2025.
The legislation establishes the Office of the Tax Ombud (also referred to as the Tax Complaints Commission) to serve as an independent body for investigating and resolving disputes between taxpayers and tax authorities, including complaints related to taxes, levies, customs duties, excise matters, and regulatory charges.
During the audience, President Tinubu charged Dr. Nwabueze to diligently execute his mandate with integrity, impartiality, and professionalism. The President reaffirmed the administration’s commitment to fairness, transparency, and accountability in tax administration, emphasizing that the new office is a critical tool for protecting taxpayers’ rights, reducing arbitrary actions by officials, and fostering voluntary compliance.
The establishment of the Tax Ombudsman is seen as a key pillar of President Tinubu’s broader fiscal reforms aimed at harmonizing revenue administration across federal, state, and local levels, curbing multiple taxation, and creating a more predictable and equitable business environment.
Dr. Nwabueze, a seasoned tax professional from Oshimili South Local Government Area of Delta State, brings extensive experience in tax policy, fiscal advisory, and public service. His background includes roles as Managing Partner of a tax advisory firm, Technical Adviser to National Assembly committees, and adviser to former economic teams.
The new laws empowering the Tax Complaints Commission are expected to enhance taxpayer protection, promote efficient dispute resolution through mediation rather than litigation, and ultimately boost trust in Nigeria’s revenue framework amid the country’s push for sustainable economic growth and improved revenue generation.
Business
Court jails Ex- NEXIM MD Robert Orya for N2.4bn Fraud
Robert Orya was prosecuted by the Economic and Financial Crimes Commission on 49 counts, bordering on breach of trust, fraud, misappropriation, impersonation, corruption, and abuse of office.
•Robert Orya
A High Court of the Federal Capital Territory in Abuja has convicted former Managing Director of the Nigerian Export-Import Bank (NEXIM), Robert Orya, and sentence him to ten years’ imprisonment for fraud involving about ₦2.4 billion.
Robert Orya was prosecuted by the Economic and Financial Crimes Commission on 49 counts, bordering on breach of trust, fraud, misappropriation, impersonation, corruption, and abuse of office.
Justice Frances Messiri delivered the judgment, on Thursday sentenced Orya to ten years on each count, with the terms to run concurrently.
The offences were traced to Orya’s tenure as NEXIM Managing Director between 2011 and 2016, during which he was found to have diverted bank funds through shell companies, including Luxurium Leisure Services Limited.
The court also found that he fraudulently induced the disbursement of loans, including ₦488 million to Treasure Mix Construction Limited, under false pretences.
Orya was first arraigned by the EFCC in November 2021.
Business
South Korea to Produce Electric Vehicles in Nigeria
The project will be implemented in phases, beginning with EV assembly and expanding into full in-house production, with an estimated capacity of 300,000 vehicles.
Photo: Minister of State for Industry, John Enoh, and AEDC Chairman,Yoon Suk-hun.
The Federal Government has signed an agreement with South Korea to establish an electric vehicle manufacturing plant in Nigeria.
In a document seen by Ohibaba.com, the Memorandum of Understanding (MoU) was signed by the Minister of State for Industry, John Enoh, and the Chairman of the Asia Economic Development Committee (AEDC),Yoon Suk-hun, for South Korea.
The initiative will accelerate technology transfer, investment promotion, human capital development, and research, design, and innovation.
The project will be implemented in phases, beginning with EV assembly and expanding into full in-house production, with an estimated capacity of 300,000 vehicles and the creation of approximately 10,000 jobs.
Nigeria’s automotive sector faces structural challenges, including limited local component production, high assembly costs, and heavy reliance on imports.
The country imports between 400,000 and 720,000 vehicles annually, with 74–90% being used cars.In 2023, imports reached 700,000 units, with passenger cars valued at $1.05 billion in 2024, making Nigeria one of the world’s largest markets for pre-owned vehicles.
To promote electric mobility, the federal government launched a 20 billion naira ($12 million) consumer credit program in December 2024.
The scheme supports the purchase of locally assembled electric vehicles, motorcycles, and tricycles, partnering with domestic manufacturers including Innoson, Nord, CIG (GAC), PAN, Mikano, Jets, NEV (Electric), and DAG to expand access and foster the growth of a homegrown EV industry
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