The Lagos State Government has sealed Donald Fast Foods, located on Adebayo Doherty Street in Lekki Phase 1, due to noise pollution in the predominantly residential area.
Lagos State is the most vibrant economic powerhouse in Nigeria, with an approximate population of 16.5 million people.
I had a meeting last night at one of those pretentious restaurants that litter Lagos Island. This one was in Lekki Phase 1, with beautiful interiors and ambiance carefully designed to prepare you to be duped.
Formal retail in Lekki Phase 1 is expected to grow by 35% in 3 years and these these real estate projects are driving the growth.
We estimate that the general market direction for land prices in Lekki Phase 1 over the next year will be positive.
Picking a page from the Lekki Phase 1 story, we have analysed some of the factors that will drive new city development in Lagos.
The Lagos State Government has resolved to ensure the enforcement of Physical Planning laws in highbrow estates in the State.
