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
Dangote Refinery Slashes Petrol Price by N30

Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N30.00, from N850 to N820 per litre, effective from 12th August 2025.
According to a statement released by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Refinery, they assure the public of a consistent and uninterrupted supply of petroleum products as part of its unwavering commitment to national development”.
He said, “In line with their dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for fuel distribution across Nigeria, effective August 15, 2025.
Business
Dangote Refinery Debunks shutdown rumour, says PMS’s gantry price remains N850

The Dangote Petroleum Refinery has firmly dismissed recent reports alleging a shutdown of its operations, reassuring the public and market stakeholders that its activities remain fully active and stable.
In an official statement by the Group Chief Branding and Communications Officer, Anthony Chiejina, the refinery’s management categorically denied claims that truck loading has been suspended or that production has been interrupted. “The Dangote Petroleum Refinery is fully operational. There has been no shutdown, nor has there been any suspension of truck loading activities” the statement reads.
The refinery also clarified that the intermittent sale of Residual Catalytic Oil (RCO) is part of normal business operations, often involving large parcel sales, which explains the recent fuel oil tender.
According to the management, Dangote Petroleum Refinery consistently supplies over 40 million litres of PMS daily, alongside steady volumes of Automotive Gas Oil (diesel). These supplies continue unabated, despite speculation suggesting otherwise.
“As the world’s largest single-train petroleum refinery, the facility employs advanced predictive and preventive maintenance protocols to ensure uninterrupted operations. Routine maintenance activities are standard and do not impact the overall fuel supply” the statement further clarified.
In response to speculation about potential supply shortages and price increases, the refinery challenged those sponsoring the rumour to place orders for daily deliveries of up to 40 million litres of PMS and 15 million litres of diesel for the next 90 days.
“To those who believe this misinformation and anticipate a bullish market, we extend a challenge: We invite interested buyers to place immediate orders for up to 40 million litres of PMS daily and 15 million litres of AGO daily, for the next 90 days, with full upfront payment. Should any supposed supply shortage occur, these buyers would be well-positioned to benefit from the predicted market rise,” it added.
The refinery reaffirmed its commitment to transparency and Nigeria’s energy security, urging the public to disregard unfounded rumours sponsored by unscrupulous and unpatriotic individuals seeking to undermine the country’s energy independence for their own selfish interests, including the importation of substandard fuels under the false pretext of domestic supply shortages.
Business
Ikeja Electric releases new prepaid meter prices

Ikeja Electric has released updated prices for prepaid meters, which take effect from August 6, 2025. The revised rates cover both single-phase and three-phase meter types and are inclusive of VAT.
The revised rates were announced on the disco’s official X account on Friday.
The company announced that “MBH Power Ltd’s one-phase costs ₦135,987.50, while the three-phase costs ₦226,825.00. Turbo Energy Ltd’s one-phase costs ₦145,608.75, while the three-phase costs ₦236,903.13.
“Aries Electric Ltd’s one-phase costs ₦145,125.00, and the three-phase costs ₦258,000.00. Mojec Asset Management Company Ltd’s one-phase costs ₦135,718.75, and the three-phase costs ₦226,825.00.
“Paktim Metering Nig. Ltd, the one-phase meter costs ₦137,600.00, while the three-phase meter costs ₦233,275.00. Holley Metering Ltd’s one-phase meter costs ₦133,854.03, three-phase meter costs ₦219,497.09.
“CIG Metering Assets Nigeria Ltd’s one-phase meter costs ₦150,500.00, New Hampshire Capital Ltd’s one-phase meter costs ₦133,300.00 and the three-phase costs ₦231,125.00.”
The electricity distribution company noted that the prices are “valid subject to meter availability,” adding that the changes are part of its effort to ensure customers have access to up-to-date information on meter procurement.
The company also assured customers that the new pricing reflects the latest approved rates for meter providers under its Meter Asset Provider scheme.
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