The developments in Epe have been the major talk of every realtor, real estate company and broker. You’ll hardly scroll through a few posts on LinkedIn without coming across something about Epe being the new oil well to build generational wealth. How true are these posts? Is Epe really the new oil well? Are there really significant developments in Epe, or are these people just scammers? Let us find out.
A brief overview of Epe
Epe is a town and also a local government added to Lagos colony by the British after they defeated the Ijebu people. The colonial master loved Epe primarily because of the people and how hard-working they were. The people of Epe were traders who specialized in fish farming and agriculture.
During the reign of the colonial masters, Epe was a significant location used for trade. The location of Epe makes it very useful for performing successful trade between the British and local rulers as well as other foreign traders who arrived via the Lagoon. Epe is located towards the northern part of Lekki Lagoon on the island of Lagos, Nigeria.
Thesis statement: Epe as the new oil well 😂 😂
Is Epe really the new oil well, or are realtors just referring to the massive oil refinery being built in the region literally? In 2017, the richest man in Africa kicked off his vision to build an oil refinery that would produce 650,000 barrels of oil per day.
He chose Epe primarily because it is an easy location to easily ship his produce to the foreign market. We can also agree that Epe is reliving its experience from the colonial rule era as being the best location and region to perform successful trade.
On May 22, 2023, the refinery was commissioned by the president of Nigeria and other notable figures in Nigeria and across Africa. The refinery is said to be the largest in all of Africa.
I think we can start agreeing that Epe may be the new oil well cash flow, literally, but what does any random person have to gain from Epe? Are there really systems to create generational wealth in Epe? Keep reading.
Developments in Epe: The new oil well
The two significant mega developments in Epe are the 650,000 barrel per day oil refinery and the Lekki Free Trade Zone. Others are Alaro City, Augustine University, the new sea port, Epe Fish Market, and the new airpot, amongst others.
These developments have really put Epe on the map to attract not just greener pasture seekers but also big-time business moguls, real estate investors, and other notable multi-million-dollar companies.
The Lekki Free Trade Zone was an initiative brought up by the Lagos state government. The idea was born in 2006 and has now caught the attention of everyone who chooses to care. The free trade zone center will serve as a market for business owners, businesses, and businessmen who want to set up markets in Africa, Europe and the USA.
The location is strategic in that it is the best location to manage the transportation of goods through all the available means, which include air, land, and sea. This was the same strategy used during the slave trade era, now known as the triangular or Atlantic slave trade, to transport goods and slaves from Africa to Brazil in the Americas, and then goods to Europe.
Aside from all the notable developments mentioned above, the Lagos state government has also been making serious infrastructural developments in the region, from good road network development to link bridges and other basic infrastructure to boost urbanization.
Real Estate: The real money 💰 💰
For most of us, we actually don’t have billions of naira to get something started in the Lekki free trade zone or start a huge business in the region. But what if I tell you that you can make a 50%–100% ROI annually investing in the Epe real estate market? Keep reading to know how.
You see, because of all the developments going on in Epe, the demand for housing, luxury real estate, and fun centers is starting to kick in. Companies and businesses are now looking for ways to set up a branch there. Normal working-class individuals are also looking for job opportunities in the region. This sudden surge in demand has made real estate in the region so profitable.
You don’t have to invest hundreds of millions of naira to benefit from this new oil well. All you need is to buy land in a strategic location with a promising ROI of 50%–100% annually.
There are multiple proposed luxury real estate projects currently ongoing in the region, which you can key into for as little as 500 thousand naira to an average of 3 million naira to get a plot of land for yourself.
Most of this proposed luxury real estate has a promising 50%–100% return on investment annually, and it is expected to hit 200%–500% in a couple of years to a decade. That is the real new oil well.
To get started on this journey of the new oil well, click the link below to get your first plot of land for 2 million naira per plot, which you can spread over six to twelve months with an initial deposit of just 500 thousand naira. Hurry now; 🫵 🫵 🫵 don’t miss the opportunities around the “developments in Epe” and a chance of enjoying the cash that comes from the new oil well.
