You can compare it with neighborhoods, like Tokyo`s Shibuya, La Jolla in San Diego or the Seventh Arrondissement in Paris. Or, at least, a reminder of the ridiculous cost of success here. Banana Island is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. Banana Island, which is a prime land goal in Nigeria, is an exceptionally upscale private neighbourhood situated in Ikoyi on the Island of Lagos. The Island is a planned, mixed development with dedicated areas for residential, commercial and recreational activities. 46 Likes 1 Share; Re: Banana Island In Pictures by Nobody: 9:45pm On Dec 12, 2014; The Rich-Poor gap is just too much. Every Real Estate in Nigeria posted on this site is verified by real estate agents in Banana Island, Ikoyi, Lagos. After confirming the magic word to another security guard, he waves me through. The estate is a luxury that most of the population cannot afford. Aliko Dangote is a Nigerian entrepreneur, investor and a business magnate. Consequently the land was filled in to create a banana shaped island, hence Banana Island. The original Banana Island construction project entitled Lagoon City was the brainchild of the Late Chief Adebayo Adeleke, a University of London trained Civil Engineer (MICE), and CEO of City Property Development Ltd. Adeleke had originally commissioned a new urban development in Maroko, Victoria Island, but that project had been acquired by the Lagos State government. There’s a substantial amount of security, independent power, good road network. 10 Extremely Rich Nigerian Billionaires Who Live In Banana Island 1. “Housing is quite highly priced in Banana Island, which is the way it was intended to be. Residents enjoy luxuries such as near-constant electricity, water, and drainage. Similar to many of the developments on the island, it has dedicated leisure facilities such as a private health club - with tennis courts, squash courts and a swimming pool surrounded by extensive gardens. Several leading Nigerian and International corporates such as - Etisalat Nigeria,[8] Airtel Nigeria,[9] Ford Foundation Nigeria[10] and Olaniwun Ajayi & Co[11] - are also based on Banana Island. Nigeria Property Centre (NPC) is a leading property website in Nigeria with property listings for sale, rent and lease. Every Real Estate in Nigeria posted on this site is verified by real estate agents in Banana Island, Ikoyi, Lagos. The island was constructed by the Lebanese-Nigerian Chagoury Group in partnership with the Federal Ministry of Works and Housing and is considered to be on par with the Seventh Arrondissement in Paris, La Jolla in San Diego, and Tokyo's Shibuya and Roppongi … One of Nigeria’s multi-billionaires, Globacom and Conoil Chairman, Mike Adenuga, the second richest man in Nigeria also lives in this estate…and it’s not a surprise that he is the biggest landowner in Nigeria’s most expensive area, Banana Island. Banana Island has one of the highest density of millionaires within its boundaries. Here, commercial and residential zones are distinguished. Ironically, when the estate is most quiet, you can still hear the hustle and bustle of Lagos as you near the exit. Banana Island sits on approximately 1,630,000 square metres of land, which spills into the Lagos Lagoon, and has become a Nigerian version of Beverly Hills and Burj Khalifa. Even Mike Adenuga, CEO of Globacom and one of the wealthiest men in Africa. READ ALSO: Business … The residents of Banana Island may temporarily escape the dysfunction of Nigeria when they retreat to their homes, but they can never really leave it behind. Sign up to get on the list. All bedrooms are ensuite, fully fitted kitchen, having separate gas and electric burners respectively, wine rack, dish washer, Etc. by Eddie Mensa at 10:43am, Friday 15 January 2021 at 10:43am, Friday 15 January 2021. Banana Island, Lagos Real Estate is the most wanted area of houses in all Nigeria! And yet, for all its aspirations to perfections, Banana Island cannot escape its surroundings. Unfortunately for the Chief, as soon as he had reclaimed the land and the brilliance of the idea was unveiled, others were determined to wrestle the land from him, and the project was 'acquired' again with no consideration being paid to City Property Development Limited. Banana Island, is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. The Size of Banana Island Banana Island occupies a sand-filled area of approximately 1,630,000 (1.6 million) square meters and is divided into 536 plots (of between 1000 and 4000 square meters in size). It`s the Nigerian`s most extravagant, luxurious and expensive neighborhood. Banana Island, which is Nigeria’s answer to Paris’s Seventh Arrondissement, San Diego’s La Jolla, New York City’s Tribeca and Tokyo’s Shibuya and Roppongi, is a small man-made island in the Ikoyi neighborhood of Lagos. Cooks don’t ring bells when they are cooking. But the cost of Banana Island may also be because of how perfect it is compared to everywhere else. Banana Island was built to function in a country that does not function. Among these properties are houses, lands, shops, apartments, flats and commercial spaces in Banana Island, Ikoyi, Lagos. Today at 12:01 AM. Some bit of the Lagos Local Government Area of Eti-Osa in Central Lagos, it is known for its well off, multi-social gathering and has without a doubt the most exorbitant land in Nigeria. We have a total of 588 House for rent in Banana Island Ikoyi Lagos updated on 19 Jan 2021 . This article is about the geographic location. Averagely, the price of a luxury flat in Banana Island ranges between $130,000 and $200,000. The irony of Banana Island is its presence in a country where 62% of people live on less than $2 a day. Banana Island, which is Nigeria’s answer to Paris’s Seventh Arrondissement, San Diego’s La Jolla, New York City’s Tribeca and Tokyo’s Shibuya and Roppongi, is a … reaction from the average Nigerian. Not every person in Nigeria can afford to buy a house here. Alhassan Dantata. The estate is also a reminder of Nigeria’s broader failure. Since 1983, the 'acquisition' is currently being challenged in various courts, and there are Caveat Emptor warnings in place to warn prospective buyers that their investment could be at risk in future. Banana Island sits on approximately 1,630,000 square metres of land, which spills into the Lagos Lagoon, and has become a Nigerian version of Beverly Hills and Burj Khalifa. The island was constructed by the Lebanese-Nigerian Chagoury Group in partnership with the Federal Ministry of Works and Housing [1][2] and is considered to be on par with the Seventh Arrondissement in Paris, La Jolla in San Diego, and Tokyo's Shibuya and Roppongi neighbourhoods. Many scoffed at Chief Adeleke's decision to select the Ikoyi Island perimeter, however they were unable to appreciate the foresight of the Chief, who promptly engaged the Westminster Dredging Company to dredge the foreshore, and create six interlinked and symmetrical islands. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without written permission from Stears Business. What Banana Island looks like is what every street in Nigeria should be. Banana Island doit son nom à sa topographie en forme de Banane. It is on par TriBeCa in New York Shibuya in Japan, La Jolla in San Diego, Carlifornia, Seveth Arrondissenent in Paris, Kessington Palace Gardens in London or Victoria Peak in Hong Kong. The bell is rung only when the food is ready. He had deals with McDonalds, Disney, and others, and sunk all his money into the project. All it takes is money, planning and a vision. You may not know Mr Oke, but you know his neighbours. You get this 'oh wow, you live in Banana Island?' At some point, there were too many clubs and businesses moving there. I do laff wen pple say "dia is no money in Nigeria".in dis Nigeria we hav pple usin cars dat worth 28milion naira,we av pple livin in banana island.I will surely mak it in dis country called Nigeria by God grace. “At the very least there’s 20 hours’ worth of electricity in Banana Island,” says Chidi on the state of power in the Estate. Residents are aware of this; some embrace the exclusivity, others consider it with unease. No one needs to travel for miles to enjoy social amenities. Even though I expect the question, it still feels off guard. Copyright Stears News Limited 2021. A few more speed bumps and I finally get what many Nigerians crave - peace, quiet and civility. Among these properties are houses, lands, shops, apartments, flats and commercial spaces in Banana Island, Ikoyi, Lagos. “People are excited about it. Today we are going to tell you about … Following a lengthy 10 year court case, Lagos State government offered other parcels of land as consideration for the Maroko development. To complete the Lagoon City concept, Chief Adeleke planned an aesthetic design including a City Airport, which was a vision conceived long before the London Docklands Development, London City Airport, Dubai's Palm Islands or Hong Kong's Chek Lap Kok Airport. I convince the security guards at the main gate that I have been invited and after a call to the person I am supposed to see, they let me in with the magic word of the day, “Bravo”. Resting at the Northeastern corner of Ikoyi, it is as if the estate and its residents don’t want to be found. He is the Chief Executive... 2. Banana Island is an artificial island in Lagos State, Nigeria. All rights reserved. Announce your victories instead. Ikenna Ume- Ezeoke is the Managing Director of Turquoise Construction Ltd. and has been working as a civil engineer in Banana Island for close to seven months. It is located in the Lagos Lagoon and is connected to Ikoyi Island by a dedicated road which is linked to the existing road network near Parkview Estate.The island was constructed by the Lebanese-Nigerian Chagoury Group in partnership with the Federal Ministry of … Banana Island is a man-made island in Lagos State, Nigeria that is slightly curved in shape – like a banana. Chidi Oke says people perceive him to be lucky. This property listing does not constitute property particulars.The information is provided and maintained by Agateval Nigeria Ltd. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website. If you enjoyed this story, you'll probably love our daily emails. It is located in the Lagos Lagoon and is connected to Ikoyi Island by a dedicated road which is linked to the existing road network near Parkview Estate. On the right side of the estate is the strictly residential area; mostly comprised of private homes while the left side is the mixed area, in use by for-profit businesses including 9mobile and Olaniwun Ajayi, as well as service stations and a few private houses. It is also a picture of Nigerian exceptionalism. A plot of land, for example, goes for nothing less than $1 million,” Ikenna asserts.*. His most ambitious project was developing one of the first man-made islands in the world — Banana Island in Lagos, Nigeria, starting in the late ’70s. That is thanks to an independent power plant, which directly supplies the estate with electricity. Victoria Island is also the home of the wealthy but offered little protection from the hustle and bustle of Lagos. The estate was the brainchild of the late Adebayo Adeleke, CEO of City Property Development Ltd, but was eventually constructed by the Lebanese-Nigerian Chagoury group in partnership with the Federal Ministry of Works and Housing. You may only share Several estates in South Africa, UK etc are much more organized, and beautiful than banana Island, yet much cheaper. Follow this Journalist on Twitter @AishaSalaudeen. Davido Hosts Stonebwoy In His Million Dollar Island Home In Nigeria – Video. It is located in the Lagos Lagoon and is connected to Ikoyi Island by a dedicated road which is linked to the existing road network near Parkview Estate. [6] At launch flats in Ocean Parade sold for over US$400,000.[7]. 25 JUN 2018. How consumption determines the economic impact of pandemics. It is located in the Lagos Lagoon and attached to the North-Eastern Ikoyi Island by a dedicated road strip which is linked to the existing road network. For example, according to Chidi, a bad road within the estate will likely be fixed in a week or two. Stears Business content using our sharing buttons. As mentioned before, Chidi Oke has some wealthy and famous neighbours, and to join this exclusive club, you need to be ready to pay. Part of the Lagos Local Government Area of Eti-Osa in Central Lagos. Mike Adenuga is a Nigerian entrepreneur, investor and a business magnate. The subsequent developers were principally interested in maximising the yield of the land at the expense of the aesthetic innovative design foreseen by Chief Adebayo Adeleke. Linda Ikeji. Residents are provided with world class utilities including underground electrical systems (versus the overhead cabling common throughout Lagos), an underground water supply network, a central sewage system and treatment plant, and street lighting and satellite telecommunications networks.[4]. Banana Island is different. It is here that Chidi Oke, a former resident of Victoria Island, moved to join Nigeria’s wealthiest and most prominent people on the man-made Banana shaped estate. We offer Nigerian property seekers an easy way to find details of property in Nigeria like homes, houses, lands, shops, office spaces and other commercial property. You may not know Mr Oke, but you know his neighbours. “The closest place you can get to enjoying any of these things is Aso rock, the Presidential Villa,” he opines. Every locality should have a park where people can relax, that should not be a luxury. On the residential side of the Island, planning permission is not granted for dwellings over 3 storeys high. “We have street lights, family parks, halls, religious centres, convenience shops, pools, a minibus system and a golf course,” explains Chidi on the other perks that come with living in Banana Island. Kola Abiola. Banana Island hosts several high end residential developments such as Ocean Parade Towers [5] - a series of 14 luxury tower blocks strategically situated at one end of the island to take advantage of 180 degree panoramic views overlooking the lagoon. Banana Island, is an area of Ikoyi, Lagos, Nigeria, 8.6 kilometers east of Tafawa Balewa Square and is part of the Lagos Local Government Area of Eti-Osa in Central Lagos. Banana Island is reputed to be Nigeria’s most expensive neighbourhood. We have a total of 265 4 Bedroom House for rent in Banana Island Ikoyi Lagos updated on 19 Jan 2021 . Banana Island, is an artificial island off the foreshore of Ikoyi, Lagos, Nigeria. “Banana Island has a lot of things that make it stand out from the average Nigerian estate. This is excluding a service charge of $17,000. Banana Island has one of the highest density of millionaires within its boundaries.Banana Island is a man-made island in Lagos State, Nigeria that is slightly curved in shape – like a banana. We wanted somewhere more quiet and partitioned,” Chidi says. Copyright © Stears News Limited 2021 All rights reserved. Banana Island is a man-made island in Lagos State, Nigeria that is slightly curved in shape – like a banana. For diet, see, Neighborhood in Lagos, Lagos State, Nigeria, Learn how and when to remove this template message, "The Chagoury Group Construction Division - Projects", "The Most Expensive Neighborhood In Nigeria", "Ocean Parade Tower – Banana Island – Ikoyi Lagos - I.T.B. One of them is the calibre of people living in the estate. Order and stability. It is also a picture of Nigerian exceptionalism. In Nigeria, these all cost money. The cost of housing is a result of many factors. He puts the average price of renting an apartment in the estate at $22,000 to $150,000 a year – depending on what end of the estate the house is located. Banana Island, is an area of Ikoyi, Lagos, Nigeria, 8.6 kilometres east of Tafawa Balewa Square. banana island, Lagos, Nigeria GNEWS NIGERIA. The comfort of the estate comes at a price, one the average Nigerian would find shocking. Stears Business is regulated by its editorial guidelines & policies. For Chidi and his family, Banana Island offered something rare in Lagos. This is Banana Island, Nigeria’s most exclusive estate, where secret passcodes are exchanged like in a bad spy movie. They are also negotiating to build a 5-star hotel on the island, along with an array of smaller Guest Houses. Just think, property here is priced in dollars. The constant electricity in the estate is a big deal; after all, Nigeria has the second worst power supply in the world, and the rest of the country is almost always in darkness. There is also litigation pending in the UK and European courts regarding this matter. Part of the Lagos Local Government Area of Eti-Osa in Central Lagos, it is known for its wealthy, multi-cultural community and has some of the most expensive real estate in Nigeria. Aliko Dangote. Banana Island is proof that things can work properly in Nigeria. Announcing your plans is to supply your enemies with the ammunition ... they need to shoot down those plans. Aliko Dangote. Iyabo Obasanjo. We have a total of 1,266 House for sale in Banana Island Ikoyi Lagos updated on 21 Jan 2021 . The Island is a man-made island and is shaped like a banana. These amenities are not just available but are frequently maintained and upgraded. The master suite has two bath tubs (a floating one and a Jacuzzi), two vanity … The Island is a man-made island and is shaped like a banana. En réalité, il s'agit d'une presqu'île et non d'une île : des terres gagnées sur les marécages entourant l'île d'Ikoyi. Hungry people are everywhere. It lurks outside always, like barbarians at the gate. And if they could, they would detach themselves from Lagos Island and settle somewhere in the serenity of the Lagos Lagoon. All of these things make the estate attractive and expensive,” says Ikenna on why property here is so expensive. Banana Island has a standout amongst the most essential thickness of big shots inside its breaking points. Banana Island is an artificial isle near Lagos in Nigeria, where the most expensive houses in the whole country are situated. The Island is a man-made island and is shaped like a banana. FOR SALE ON BANANA ISLAND, IKOYI: TASTEFULLY FINISHED 5 BEDROOM FULLY DETACHED HOUSE ON BANANA ISLAND, IKOYI, LAGOS 5 bedroom fully detached house on 950 Square Metre land. The estate is also removed from the outside world; a gated community with only one major entrance. Every Real Estate in Nigeria posted on this site is verified by real estate agents in Banana Island, Ikoyi, Lagos. Starchitect Yamasaki's replica twin towers comprised the flagship iconic building on the main island. It is a zone of Ikoyi, Lagos, Nigeria, 8.6 kilometers east of Tafawa Balewa Square. They say I am rich and lucky to have access to a place like Banana,” he muses. It is located in the Lagos Lagoon and is connected to IkoyiIsland by a dedicated road which is linked to the existing road network near Parkview Estate. I navigate my way towards the second gate and some speed bumps. Marketed by . “Victoria Island began to look less appealing as it became more commercial. It is a picture of what Lagos could be, if not in the future, but in another world. DEVELOPMENT - Empress Jamila Cold Store—For You Today, On Christmas and Every Other Day. The deliberate zoning, the constant security and access to power, well-maintained amenities. [3], It occupies a sand-filled area of approximately 1,630,000 square metres and is divided into 536 plots (of between 1000 and 4000 square metres in size) mainly arranged along cul-de-sacs, so designed to enhance the historically residential nature of Ikoyi. Olive Court,104 Close, Banana Island, Ikoyi, Ikoyi, 101233 Lagos, Nigeria – Show map After booking, all of the property’s details, including telephone and address, are provided in … He wanted to create a development that would "Make Nigeria Proud", and engaged Minoru Yamasaki the architect of Manhattan's World Trade Centre 'Twin Towers' building. Be like a cook. Davido has returned the favor and is now hosting Stonebwoy in his multi million dollar island mansion in Banana Island Nigeria. Chief Adebayo Adeleke was an exceptional Nigerian visionary and philanthropist, unconcerned with the usual wealth acquisition of many of his contemporaries. Mike Adenuga. Uniquely designed Waterfront detached house with all room ensuite 7 bedrooms, 3 living rooms , swimming pool, external lounge and play area for the children, maids quarters all on 4 floors with elevator and jetty , sitting on 600sqm land size available for sale in a close of the residential waterways of banana island Ikoyi Lagos Adebayo Adeleke, creator of … Nigeria Limited", "Buyers jostle for N4.5b Ocean Parade Towers flats - Proshare", "West Africa / Regions / Ford Foundation", Federal College of Education (Technical), Akoka, Federal College of Fisheries and Marine Technology, https://en.wikipedia.org/w/index.php?title=Banana_Island,_Lagos&oldid=983529435, Articles with dead external links from July 2017, Articles with permanently dead external links, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 14 October 2020, at 19:10. 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