Buying Land from Omonile (Ancestral Land Owners / Indigenous Land Owners) is very cheap however, the trouble one will eventually face after full payment of the land is unquantifiable, if one is feeble hearted, one might just abandon the land and the money invested, YES! It is that bad, the Omonile’s are that barbaric.

For instance you don’t pay developmental levy when you buy from Omonile, but the type of trouble they will cause you when you want to start building is not small and as a matter of fact you might even spend double or more of the price you bought the land.

Real Estate companies give you the advantage of paying on installment. Up to 18 months or even more in some cases. Omonile’s will not give anyone that leverage. Omonile’s collect there money outright.

Real Estate Companies gives you the advantage of buying while you wait, that is you can buy now and develop in ten years in as much as you clear the area regularly. 

 July 29, 2019. The world’s largest atmospheric tower built by Sinopec slowly left a wharf in Ningbo, a major port and industrial hub in east China’s Zhejiang province, lies south of Shanghai on Hangzhou Bay.
Following the Maritime SilkRoad, it will travel to Nigeria and be installed at the world’s biggest single-train facility – Nigeria’s Dangote Refinery.

For the type of refinery Dangote is building, the atmospheric tower is the primary unit processing crude oil into fuels. It will likely take at least a month to reach Lagos.The 650,000 barrel per day (bpd) refinery near Lagos is set to be Africa’s largest, and could transform Nigeria from a fuels importer to a net exporter.

Billionaire *Aliko Dangote*, Africa richest man, who built his fortune on cement, during an interview with Mo Ibrahim last year(2018) said that he planned to finish building the $12-14 billion refinery in 2019 and to start production in early 2020.

However, analysts with cognate experience in the economics of oil refinery business have said that the ambitious project would take longer in order to begin pumping out fuels such as diesel and gasoline.They said what while this is a major milestone,there is still much work to be done, both in terms of sourcing the other units and in terms of interconnection at the site.

Against the projection of Dangote, some analysts are saying that given due considerations, the refinery is most likely going to start producing at full capacity at least in 2022, two years later than Dangote’s targeted.With all this information, do you still have doubts about investing in Ibeju Lekki???
Why not position yourself for the boom that is about to happen in this axis by securing plots of land from a reputable real estate company (Overhplus Properties Limited)

Author: admin

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