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
PENGASSAN – Dangote Rift: A needless attack on private enterprise

The Director-General, Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has described the rift between Dangote Refinery and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) as unfortunate, and a needless attack on private enterprise.
He noted that the strike had far-reaching implications on residents and businesses, as factories suffered cuts in production schedules, with a hike in transportation fare.
Fielding questions from reporters at MAN House, yesterday, while announcing the association’s coming Annual General Meeting (AGM), he revealed that imported products, which were not suffering disruption, were likely to fill the gap and if the rift rears its head again, it would affect daily workers and people in the logistics value chain that rely on the products made in those factories.
Meanwhile, PENGASSAN has said it decided to suspend its two-day strike to protect the jobs of its members in Dangote Refinery.The President, Festus Osifo, explained that the union was unsatisfied with the posting of about 800 sacked staff to Dangote’s subsidiaries to prevent job loss.
Business
FG Spends $2.86bn on External Debts Servicing – CBN
By August 2025, debt service climbed to $302.3m, which was $22.35m or 8 per cent higher than the $279.95m of August 2024.

The Federal Government spent a total of $2.86 billion to service external debt in the first eight months of 2025.
This was disclosed in the international payment data from the Central Bank of Nigeria.
The figure shows that external debts accounted for 69.1 percent of the country’s total foreign payments of $4.14 billion in the period.
In the same eight-month stretch of 2024, debt service stood at $3.06 billion, representing 70.7 percent of total foreign payments of $4.33 billion.
The figures show that while the absolute value of debt service fell by $198m between 2024 and 2025.
The share of debt in overall foreign payments has remained persistently high, with about seven out of every ten dollars leaving the country used to meet debt obligations.
The monthly breakdown highlights the volatility of Nigeria’s repayment schedule:
In January 2025, $540.67m was spent compared with $560.52m in January 2024, a fall of $19.85m or 3.5 per cent.
February 2025 recorded $276.73m, slightly below the $283.22m in February 2024, down by $6.49m or 2.3 per cent.March 2025 surged to $632.36m against $276.17m in March 2024, an increase of $356.19m or 129 per cent.
In April 2025, payments reached $557.79m, which was $342.59m or 159 per cent higher than the $215.20m of April 2024.
May 2025 stood at $230.92m, sharply lower than the $854.37m in May 2024, a drop of $623.45m or 73 per cent.
June 2025 rose to $143.39m compared with $50.82m in June 2024, a rise of $92.57m or 182 per cent.
July 2025 fell to $179.95m, down by $362.55m or 66.8 per cent from $542.5m in July 2024.
By August 2025, debt service climbed to $302.3m, which was $22.35m or 8 per cent higher than the $279.95m of August 2024.
Business
ECOWAS Bank okays $308.63m for Nigeria, Guinea
The bank gave the approval during its 93rd Ordinary Session convened at the it’s headquarters in Lomé, the Togolese capital.

ECOWAS Bank for Investment and Development (EBID), has approved $308.631 million for the implementation of various projects in Taraba State, Nigeria, and a $40 million credit line for Vista Bank, Guinea, to bolster trade-related activities, including import-export operations and commercial value chains.
The bank gave the approval during its 93rd Ordinary Session convened at the it’s headquarters in Lomé, the Togolese capital.
President and Chairman of Board of Directors of the bank, Dr. George Agyekum Donkor, said the newly approved financing would advance strategic public and private sector initiatives, aligned with EBID’s mandate to promote sustainable development throughout the Economic Community of West African States by strengthening regional integration and fostering economic diversification.
The approved facilities include the $98.18 for a 50 MW Solar Photovoltaic Power Plant in Taraba State, Nigeria, , which will augment the supply of reliable, clean electricity to spur inclusive economic development, alleviate energy poverty, and improve environmental sustainability.
Anticipated benefits include direct electricity access for roughly 390,000 individuals, enhanced power reliability for at least 200 public institutions, the creation of 400 direct jobs during construction, and approximately 50 permanent operational roles.
The bank noted that an estimated 1,200–1,500 indirect jobs were expected to emerge across supply chains, maintenance services,and small businesses.
Another facility is the $79.219 million modern rice processing complex and 10,000-hectare irrigated rice production unit also in Taraba State.
Also included is the $91.232 million facility for Taraba State Industrial Park, an initiative conceived to accelerate local industrialisation and economic diversification through the establishment of a modern, integrated industrial ecosystem.
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