Now as a result of all of these, Nigeria has become a home to many Multi-billionaires and Millionaires who own properties in some of the most expensive neighborhoods in the country. In this I have listed the most Expensive Neighborhoods in Nigeria, I’m talking about places that are quite exquisite with the richest people.
10 Most Expensive Neighborhoods In Nigeria
- Banana Island
- Ikoyi
- Asokoro
- Maitama
- Victoria Island
- Lekki
- Nicon Town
- Old GRA, Port Harcourt
- Lakowe Golf Estate
- GRA Phase 2, Port Harcourt
Banana Island
This is the most expensive neighborhood in Nigeria. The Banana Island is a man-made island which is located in Lagos State. This is where the Billionaires are populated the most in the country. It is very peaceful and has a very quiet atmosphere.
The cost of land on Banana Island is astronomical, The average cost of a square meter of land in Banana Island ranges from One Million, three Hundred Thousand Naira (NGN 1,300,000.00) to Five Million (NGN5,000,000.00).
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Ikoyi
Ikoyi is one of the most expensive neighborhoods in Nigeria. It is located in the Eti-Osa. It has a high street lined with upscale shops and boutiques.
Most of the Lagos business tourism is centered in Ikoyi, and it has a mix of excellent 4-star hotels. the average cost of land in Ikoyi is very high. A square meter of land in Ikoyi is from One Million, One Hundred Thousand (NGN1.1000,000.00) to Two Million (NGN2,000,000.00).
Asokoro
The Asokoro is a district in Abuja, the capital city of Nigeria. Asokoro has 18 foreign embassies and consulates, that is the Economic Community of West African States (ECOWAS) Secretariat, The headquarters of the National Intelligence Agency (NIA), and The World Health Organisation (WHO) Offices are all in Asokoro.
The cost of land in Asokoro cost is very high. A square meter of land is One Hundred and Eighty Thousand Naira (NGN180,000.00) to One Million Naira (NGN1,000,000.00).
Maitama
The Maitama is one of the most expensive neighborhoods in Nigeria. It is situated in Phase 1 of Abuja. Maitama has various foreign embassies, Government Buildings, and High Commissions. That is not all, it houses numerous of Abuja’s most well-known landmarks like Minister’s Hill, Transcorp Hilton Hotel, Millennium Park, Unity Fountain, IBB Golf Club, etc.
The average cost of land is very high, its square meter of land ranges from Three Hundred Thousand Naira (NGN300,000.00) to One Million, Five Hundred (NGN 1, 500,000.00).
Victoria Island
Victoria Island is not exceptional when it comes to expensive neighborhoods in Nigeria. It is an Affluent area that encompasses a former island in Lagos. When it comes to business and Financial centers, you can find them in Victoria Island. The headquarters of Guaranty Trust Bank and Access Bank Plc are in the Victoria Island. You can find the British International School Lagos and Lycee Francais Louis Pasteur de Lagos on Victoria Island.
The average cost of Land on Victoria Island ranges from Six Hundred and Sixty-four Thousand (NGN664,000.00) to Two Million (NGN2,000,000.00).
2-Lekki
Lekki is a city in Lagos, it is located in the south-east of Lagos City. The Leki is a large city and part of it is still under construction. Lekki has numerous tourist sites like Enu, Owa Shrine in Isale Eko, Lagos Bar Beach, Victoria Island, Lagos, Holy Cross Cathedral — cradle and seat of the Roman Catholic, and a lot more.
It has the following notorious schools, and they include the following; Lekki British School, a British international school, is in Lekki, The American International School of Lagos maintains the Lekki Campus, The Italian International School “Enrico Mattei” has its campus in Lekki, and The Pan Atlantic University.
The cost of land in Lekki is about Three Hundred and Thirty-One Thousand (NGN331,000) to One Million, Five Hundred Naira (NGN 1,500,000.00).
Nicon Town
The Nico Town In Lagos is known for its luxury and class by high standards. it has an excellent structure and is well organized. To get land in Nicon is quite high, The land there ranges from Five Hundred Thousand Naira to Two Million Naira.
Old GRA, Port Harcourt
The Old GRA (Government Reserved Area) is one of the most expensive neighborhoods in Nigeria. The Old Government Reserved Area is located at the People’s Democratic Party, NEPAD River State secretariat. The following schools are found in the Old GRA: Bereton Montessori Nursery and Primary School, 8 Ernest Ikoli Street, Faith Baptist College, and 2 Rumuoparaeli Street.
The cost of land in Old GRA is quite high, ranging from One Hundred and Eighty thousand (NGN 188,000.00) to Three Hundred Thousand Naira (NGN300,00.00). Then a 500 square meter plot of land in Old GRA is from Ninty-four Million (NGN49,000,000.00)
Lakowe Golf Estate
This is one of the most expensive neighborhoods in Nigeria. Lakowe Golf Estate is located in the Lekki. It is called Lakowe Gold Etate because it is one of the most exquisite 18-hole golf courses in West Africa.
Lakowe Lakes Golf And Country Estate runs a stunning and luxurious community located around 35 kilometers from the busy city of Lagos. It has manicured green grass, tropical palm groves, lakes, a luxury spa, etc.
GRA Phase 2, Port Harcourt
The New GRA (Government Reserved Area) is one of the most expensive Neighborhoods In Nigeria. it is a serene and affluent neighborhood in the heart of River State. It has the most top-notch nightclubs, bars, hotels, etc. The average price of a property in the New Government Reserved Area (GRA) is One Hundred and eighty million Naira (NGN 180,000,000.00).
