And yet, for all its aspirations to perfections, Banana Island cannot escape its surroundings. Even Mike Adenuga, CEO of Globacom and one of the wealthiest men in Africa. One of them is the calibre of people living in the estate. [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. It is a picture of what Lagos could be, if not in the future, but in another world. 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. Resting at the Northeastern corner of Ikoyi, it is as if the estate and its residents don’t want to be found. Price: N750,000/sqm net. What does it cost to join the class of the rich and renowned like Mike Adenuga (Globacom), Tayo Ayeni (Skymit Motors) and Sayyu L. Dantata (MRS Oil) among a host of other wealthy folks who have invested in properties for sale in Banana Island? Residents enjoy luxuries such as near-constant electricity, water, and drainage. This is excluding a service charge of $17,000. 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. Banana Island was built to function in a country that does not function. Part of the Lagos Local Government Area of Eti-Osa in Central Lagos. Alhassan Dantata. Title: Lagos CofO Price: N560k/sqm.. Read more, FOR SALE: Waterfront bareland measuring 1,800sqm (partitioned) at the mixed development ba.. Read more, FOR SALE: Banana Island Location - Residential Side Size - 2300/sqm Price - N600k/s.. Read more, FOR SALE: Banana Island Location - Residential Side Size - 1,100sqm Price - N600k/sqm.. Read more, FOR SALE: Fenced & Gated Bare Land Measuring Approximately 1,200sqm ZONE E Banana Island, .. Read more, FOR SALE: Banana Island Location - Residential Side Size - 1,300sqm Price - N600k/sqm.. Read more, FOR SALE: Land Sale : Description- Waterfront land Location - Banana Island mixed zone .. Read more, FOR SALE: For Sale @ Zone J-1 Banana Island . In spite of the fact that, there are some extraordinary plots that are sold above N600,000,000 per plot. And if they could, they would detach themselves from Lagos Island and settle somewhere in the serenity of the Lagos Lagoon. This detach.. Read more, FOR SALE: Banana Island mixed zone 2000sqm Title - Fed Price - 450k/sqm.. Read more, FOR SALE: Waterfront land measuring 2,300sqm overlooking Lekki-Ikoyi bridge, Banana Island.. Read more, FOR SALE: measuring 1,547.990sqm. The comfort of the estate comes at a price, one the average Nigerian would find shocking. on the Island of Lagos. We have a total of 177 Land for sale in Banana Island Ikoyi Lagos updated on 21 Oct 2020 . The estate is a luxury that most of the population cannot afford. They are also negotiating to build a 5-star hotel on the island, along with an array of smaller Guest Houses. It is also a picture of Nigerian exceptionalism. 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. Portrayed by Forbes Magazine as the restrictive play area of Nigeria's high and mighty, Banana Island is a world all alone which is self-serving to its inhabitants as the area gives additional extravagant facilities that are not regular with different zones in Nigeria. Land Area : 1900sqm. On the residential side of the Island, planning permission is not granted for dwellings over 3 storeys high. 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. As mentioned before, Chidi Oke has some wealthy and famous neighbours, and to join this exclusive club, you need to be ready to pay. The cost of housing is a result of many factors. After confirming the magic word to another security guard, he waves me through. They say I am rich and lucky to have access to a place like Banana,” he muses. A plot of land, for example, goes for nothing less than $1 million,” Ikenna asserts.*. Even though I expect the question, it still feels off guard. Portrayed by Forbes Magazine as the restrictive play area of Nigeria's high and mighty, Banana Island is a world all alone which is self-serving to its inhabitants as the area gives additional extravagant facilities that are not regular with different zones in Nigeria. That is thanks to an independent power plant, which directly supplies the estate with electricity. The irony of Banana Island is its presence in a country where 62% of people live on less than $2 a day. The estate is also a reminder of Nigeria’s broader failure. 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”. 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 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. 25 JUN 2018. This can either be isolated or semi-disengaged houses relying upon the proprietor. Buying a piece of land in the Banana Island allows you build a structure of your choice either residential or commercial buildings.
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