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
NRS Enforces Unified Tax ID system for all taxable persons in Nigeria
In addition, NRS said that the Tax ID framework would harmonise taxpayer information across all levels of government.
Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB) commences the implementation of a new Taxpayer Identification (Tax ID) system for all taxable persons in Nigeria.
The agency announced this via a public notice issued on Monday.
NRS said that the initiative is in line with Sections 6, 7 and 8 of the Nigeria Tax Administration Act, 2025, which mandate every taxable person in the country to obtain a Tax ID.
The agency explains that taxpayers will now operate with a single tax identity for all tax-related transactions and engagements across the country.
The NRS added that the initiative would simplify tax compliance processes, including registration, tax filing, and payment procedures.
It also noted that the system would improve transparency by enabling better visibility and tracking of taxpayer records while reducing leakages and improving accountability in tax collection.
In addition, NRS said that the Tax ID framework would harmonise taxpayer information across all levels of government.
Business
BOI Secures $200m fresh Loan from AfDB
Dr. Olasupo Olusi, MD/CEO Bank of Industry, said: “BOI is pleased to deepen its long-standing partnership with the African Development Bank through this landmark facility, building on the successful collaboration under the bank’s previous $100 million line to BOI, which was fully repaid in 2025.
The Bank of Industry (BOI) has secured a $200 million sovereign-guaranteed thematic financing facility from the African Development Bank Group for onward lending to enterprises in the industrial sector of the economy including infrastructure and transport, agro-food processing and health.
The facility will also support climate-resilient and low-carbon investments, including renewable energy, energy-efficient industrial processes, climate-smart agriculture, and sustainable infrastructure solutions.
These investments are expected to improve productivity, promote local manufacturing, strengthen healthcare and pharmaceutical value chains, and reduce dependence on imports.
The package is strengthened by a $650,000 technical assistance grant from the Fund for African Private Sector Assistance (FAPA) to boost SME capacity, improve environmental, social, and governance (ESG) practices, support climate-smart initiatives, and enhance BOI’s impact measurement systems.
Dr. Abdul Kamara, Director General of the African Development Bank Group Nigeria Country Department, said the approval demonstrates the Bank’s continued commitment to supporting Nigeria’s private sector and industrial growth ambitions.
Reacting, Dr. Olasupo Olusi, Managing Director/Chief Executive Officer of the Bank of Industry, said: “BOI is pleased to deepen its long-standing partnership with the African Development Bank through this landmark facility, building on the successful collaboration under the bank’s previous $100 million line to BOI, which was fully repaid in 2025.
This new facility will further strengthen our capacity to provide long-term financing to enterprises operating in sectors critical to Nigeria’s economic transformation.
Business
Dangote expands Investment in Ethiopia to $4bn
The expanded scope includes critical infrastructure such as a 110-kilometre pipeline, a 120MW power plant, a polypropylene packaging facility, and a two-million-tonne NPK blending plant, among other new components.
•Aliko Dangote
President of Dangote Group, Alhaji Aliko Dangote has announced a significant increase in the Group’s investment in Ethiopia, rising from $2.5 billion to over $4 billion.
“This makes Ethiopia the second-largest recipient of our investments in Africa, accounting for nearly nine percent of our continental outlay between now and 2030,” said Dangote, describing Ethiopia as a key strategic destination for Dangote Group’s long-term investments.
The expanded scope includes critical infrastructure such as a 110-kilometre pipeline, a 120MW power plant, a polypropylene packaging facility, and a two-million-tonne NPK blending plant, among other new components.
Dangote stated this while addressing journalists in Gode, Ethiopia’s Somali region, during a high-profile visit hosted by Prime Minister Abiy Ahmed, a statement by Dangote Group said.
According to the statement, the prime minister personally received Dangote and accompanied him to inspect the site of the proposed fertiliser plant, where construction activities are already underway.
Speaking on the strategic importance of fertiliser in agricultural productivity, Dangote noted that Africa’s food insecurity challenges were largely due to limited access to key inputs.
“Africa holds immense agricultural potential, yet continues to grapple with food insecurity due to limited access to fertiliser.
Through our investments, we are committed to reversing this trend by boosting productivity, empowering farmers, and advancing a sustainable path to food self-sufficiency”, he said.
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