Is Epe a good place to live? If yes, how good is the standard of living in the region? In this article, we’ll explore the town of Epe, the standard of living in the region, the cost of apartments, job opportunities, developments in the town, and the future of Epe. This article will point you in the right direction if you’re considering migrating to Epe for any of the reasons we’ll discuss in this article.
There have been a lot of developments going on in Epe in the last couple of years. It all started with the development of an oil refinery in the region, which belongs to the richest man in Nigeria and Africa, Aliko Dangote.
Where is Epe located?
Epe is a town located towards the northern Lekki lagoon in the island part of Lagos, Nigeria. The town was added to the Lagos colony by the British after they conquered the Ijebu people. Epe has since grown to be part of Lagos and is now a local government.
Epe is 90km from Ibadan and links to Ijebu-Ode and Ikorodu. The people of Epe are primarily farmers who specialize in fish farming and agriculture. This can be traced back to the colonial master’s reign. Epe has always been the main center of trade. It was used by the British to perform high-volume trade activities during their stay in Nigeria.
Proximity of Epe to popular landmarks
You probably have heard of the two mega projects in Epe, which are the oil refinery proposed to produce 650,000 barrels of oil daily and the Lekki free trade zone, which is proposed to be a major business and commerce center in West Africa.
The oil refinery in Epe was commissioned on May 22, 2023, even though there has been a rumor that the project is yet to be completed. While the Lekki free trade zone is still in development, it is expected to start proper operation in 2024.
Aside from those two mega projects ongoing in Epe, there are other popular landmarks in Epe, which include Alaro city, Epe fish market, proposed new airport, proposed new sea port, Augustine University, Epe resort and spa, Jubilee chalet, Lagos State University of Education, Epe general hospital and other popular infrastructures that are still in development.
Cost of living in Epe
Epe is more affordable to live in compared to other popular locations on the island of Lagos, Nigeria. You can easily get a two-bedroom flat for five hundred thousand naira and a four-bedroom detached duplex for 900 thousand naira to two million naira, depending on the location.
Transportation and food are relatively cheaper compared to other locations in Lagos, Nigeria. There is easy access to fresh seafood and vegetables in Epe, mainly because the majority of the locals are farmers. We can’t also overlook the fact that there is a popular fish market in Epe.
Infrastructural developments in Epe
The Lagos state government has been doing some serious work to improve the standard of living in Epe. There have been major developments in road networks, link bridges, fun centers and other infrastructural developments that can attract potential investors to the area.
Among the major infrastructural developments in Epe is the $100 million film city built by the Lagos state government to encourage talents and creatives in the media space.
Is Epe a good place to live?
Yes, Epe is a good place to live for those who want a serene, low-key life and are hoping to enjoy the peace that comes with living in a place that is not too populated and busy like other parts of Lagos, Nigeria. Aside from the developments and buzz around Epe for real estate purposes, Epe will, in a few years, become the new Lekki.
The return on investment on properties located in Epe is approximately 50% to 100% annually, and it is expected to increase as high as 500% in a few years to a decade. If you’re considering moving to Epe to start a new life, then it is a good decision, especially because competition in the area isn’t present yet compared to when the town becomes well developed. Those who started businesses early enough will be glad they did.
The best place to buy land in Epe for investment
Aside from moving to Epe for greener pastures, you also don’t want to leave money on the table. One of the ways to also benefit from the fast growth of Epe is by buying land for the main purpose of investment. It is cool to start a business and do other stuff, but owning a few plots of land will give you a higher return on investment in the long run.
Lands in Lekki were once selling for the same prices that Epe is currently selling for. Only those who bought land in Lekki when it was still developing are enjoying the huge return on investment now.
If you also want to enjoy a huge return on investment a few years from now, consider getting a few plots of land in one of the luxury estate projects currently in development in the region. Click the link below to check out Ivory Hill Estate, which is one of the best-selling properties in the region.
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Epe FAQs: Frequently Asked Questions
Why are people moving to Epe?
People are moving to Epe because there is lots of potential there for everyone. Epe is located on the island of Lagos, and it is very close to the Dangote refinery and the Lekki free trade zone.
What is Epe known for?
Epe people are primarily farmers in fish farming and agriculture. Epe is known for its abundance of land, affordable cost of living and recent modern developments in the region, which include the $100 million film city, the Dangote 650,000 barrel a day oil refinery, Alaro city, and the Lekki free trade zone.
Is Epe after Ibeju-Lekki?
Yes, Epe is right after Ibeju-Lekki. Ibeju Lekki extends from Awoyaya all the way to Eleko, which is before Epe and also has a popular relaxation center known as the Eleko Beach.
How many communities are in Epe?
Epe is not only a town but also a local government. Epe has 24 semi-urban communities and 294 rural communities, which are fast developing.
What tribe lives in Epe?
Epe is a Yoruba town, primarily occupied by the Ijebu people. Epe was originally called “Oko Epe,” which means “Farm of the Black Ant.” The major occupations in the region are fish farming and agriculture.
Is Epe a good place to live – Is Epe a good place to live – Is Epe a good place to live – Is Epe a good place to live – Is Epe a good place to live – Is Epe a good place to live – Is Epe a good place to live – Is Epe a good place to live
