The Lagos Film City is a joint venture between the Lagos State Government and the Del-York Group, aimed at developing the Nigerian film industry and enhancing the country’s overall cinematic appeal. It is planned to be constructed on a 100-hectare plot of land located adjacent to a beautiful water body in Epe, Lagos State.

The Lagos Film City aims to introduce another dimension of economic opportunity to Lagos, the hub of opportunities and investment in West Africa and potentially the whole of Africa. If successfully completed, this project, with a budget of $100 million USD, will mark another watershed moment in Nigeria’s film industry.

Despite the relocation of Nigeria’s administrative capital from Lagos to Abuja, Lagos remains the economic capital of Nigeria.

Why invest in Epe? You may ask. If you are familiar with Lagos, especially the Island, you would have seen how real estate development has progressed over the years in that part of Lagos.

Ever since development came to Lekki, it has never ceased to progress towards Ajah, Ibeju Lekki and Epe – which is arguably the hottest and most lucrative location to invest in. With different infrastructure coming there and the attention on it, Epe has the capacity to become a mega city in a few years in Lagos state.

Read: Epe Real Estate, Why Miss Out? 2 Perfect Choices For You

Lagos film city launch with Gov. Sanwo-Olu

Although it is the entertainment capital of Nigeria, however, the arrival of the Lagos Film City will further strengthen Lagos’s position as one of the leading entertainment cities in Africa and the world. This is because the Nigerian entertainment industry already leads the pack in Africa and competes favorably on the global scale.

With the launch of the Lagos Film City, things will take an exciting turn in Nigeria’s entertainment industry. Having examined the role of Lagos in the entertainment sector, let us now shift our focus to the impact, benefits, and opportunities associated with the Lagos Film City and why you should invest in Epe now while the project is still in its early stages.

Lagos Palm City and Why Invest in Epe

1. Lagos Film City will bring a higher demand for housing

The Lagos Film City project, upon completion, is poised to thrive under the economic strength and entertainment dominance of Lagos, attracting investors and further bolstering the economy through tourism. This implies that the more tourists visit Epe, the higher the demand for housing will be.

2. Lagos Film City will create jobs

Lagos, as a city with an economy larger than that of some African countries, exerts a great impact on almost every industry in Nigeria. Under normal circumstances, it has the propensity to transform any kind of venture or initiative into a profitable business.

The film city will create jobs for many people, and these individuals will need places to live. The best time to acquire property in Epe is now. This is because you will receive exponential returns on your investment by providing living spaces for the numerous people who would have migrated to Epe for work.

3. The price of property in Epe will soar

If you were asked to choose between buying a property today and buying a property after the film city has been completed, but for twice the price, which would you choose? Your answer is as good as mine. Then, why not invest in Epe today?

If you understood the real estate terrain, you would know that this is the best time to invest in a location with a facility as huge and world-class as the Lagos Film City.

Take Ibeju Lekki for instance, as recently as 2013, the price for a plot of land was not more than N1,000,000. Today, a plot of land in Ibeju Lekki ranges from N10,000,000 to N25,000,000, depending on the specific part of Ibeju Lekki. Just 10 years ago, a plot of land in Lekki Phase One was not even up to N30,000,000.

However, today, a plot of land in that area can range between N150,000,000 and N300,000,000. That showcases the transformative power of visionary investment.

4. Influx of massive developments in Epe due to the Lagos Film City

Real estate development in Lagos, and Nigeria generally, is dynamic. Once development begins in a place, it doesn’t cease until the area is fully developed. Take Lagos, for instance; there was a time when Festac was the go-to location for real estate development. Other places on the mainland, such as Surulere, Magodo, Ikeja, and Apapa, also had their time. Then, the focus shifted to the Island—Lekki, Ajah, Ikoyi, Victoria Island.

Today, the wave of development is at Ibeju Lekki and Epe, driven by projects like Dangote Refinery, Lekki Free Trade Zone, Lekki Seaport, the newly-approved Lekki International Airport, Lagos Film City, and Lagos Food Security System and Logistics Hub in Epe. Developments like Alaro City, among others, are gradually turning Epe into a cynosure.

5. Good road network

Epe is arguably the best area in Lagos with a fantastic road network. The former governor of Lagos State, Mr. Akinwunmi Ambode, did a wonderful job in Epe by initiating the project to construct almost all the roads in Epe town. This initiative opened up Epe to new possibilities.

Previously, the road from the Ibeju bridge to the T-junction in Epe was a very narrow, dilapidated single lane, flanked on both sides by thick bushes, making the journey to Epe stressful and boring.

Today, however, it’s a dual lane that leads to Epe, and going to Epe has become an exciting adventure because of the beautiful sights and developments springing up along the road.

6. It will be a hub for business start-ups

This initiative by the Lagos State Government will create an opportunity for business start-ups to grow. Every sector will benefit from it, and those who seize the opportunity in its early stages will have higher returns in the end.

Whether you’re a real estate investor or a prospective investor, it is important to understand the market trends. Initiatives like the Lagos Film City and institutions in Epe, such as the Lagos State University of Education, Michael Otedola Campus, Augustine University, and Yaba Tech, Epe Campus, serve as indicators for wise real estate investments.

7. Easy access for road travelers

The location of Epe has made it very convenient for travelers heading to other parts of southern Nigeria from Lagos to move without facing the time-wasting traffic that plagues the Lagos-Ibadan Expressway. It takes less than 20 minutes to travel from Epe to the Benin-Sagamu Expressway. Epe also provides easy access to Ikorodu, Ajah, and Ogun State.

8. Abundance of food

It is not surprising that the Lagos State Food Security and Logistics Hub is located in Ketu, Epe. Epe is known for its fertile land, with an abundance of fish in its waters. There is even a fish market in Epe, highlighting the town’s rich seafood resources.

Agriculture thrives in Epe due to the fertility of the land, with a significant portion of Epe’s land allocated for agricultural purposes. This demonstrates the extent of food production in Epe.

Read: This is why you should invest in Ibeju Lekki

Frequently asked questions about Epe:

Is Epe a part of Lagos state?: Epe, which consists of 294 rural and 24 semi-urban areas, is located on the north bank of the Lekki Lagoon. It is a Local Government Area (LGA) in Lagos State, Nigeria.
Is Epe dry land?: Epe is completely dry land. It is possible that this dryness is because of its location on the north bank of the Lekki Lagoon. Because there is a general trend that many northern regions tend to experience less precipitation than their southern counterparts. This means that areas on the other banks of the Lekki Lagoon are wetter than Epe which is on the north.
How quickly can I get my ROI when I invest in Epe?: With the level of development and government attention on Epe, it is 100% certain that any genuine real estate investment in Epe will yield exponential returns in a few years.
Can a salary earner invest in Epe?: Absolutely! While most real estate developers offer installment payment plans, only a few allow you to pay the same total amount for any installment plan package as you would for outright payment.
Is Epe developed?: Epe is the fastest developing area in Lagos at the moment. The rate at which it is developing has made it one of the most sought after locations for real estate investment in Lagos. In the last couple of years, the demand for properties in Epe has increased by over 100%.
Why are people investing in Epe? Some people invest in Epe because, one, Epe is still a developing area, and the land does not cost an arm and a leg. Second, most land in Epe, especially land sold by reliable real estate companies, have flexible payment plans of up to six months. Third, the road network in Epe is fantastic, and lastly, the attention shown to the city of Epe by the massive infrastructural development.
Is Epe a good place to live? Absolutely, Epe is a great place to live. There are hundreds of top residential estates in the city and thousands of newer estates springing up everyday. One amazing appeal of Epe property is its affordability. Don’t sleep on any opportunity to invest in Epe. Epe roads are dualized and they link to different places both in Lagos – like Ibeju Lekki, Ikorodu, Itokin, Dangote refinery, Lagos State Food Systems and Logistics Hub, Ketu; and Ijebu-Ode in neighbouring Ogun state.
What is Epe known for? Epe is known for fishing. It is widely known as the fish capital of Lagos. The people of Epe have fishing as their main ocupation, little wonder when you enter Epe from Ibeju Lekki, the first thing you are greeted with at the T-junction roundabout is a sculpture of two fishes. The fish market in Epe is also known to be the largest seafood market in Lagos. Epe is a good place to live in because of it’s peaceful outlook. There are different adventurous places in Epe and it has adequate security. Epe also prides itself of great higher institutions of learning like Michael Otedola College of Primary Education (MOCOPED), Lagos State University (LASU), Augustine University, Yaba College of Technology among others.
Where can I find available property listings in Epe? Teta Homes is a highly reliable real estate company that provides genuine and available property listings. All you need to do is make the purchase, and then you can relax. We not only secure great property deals for your investment but also stay with you throughout the entire process, even for years after you have invested.
How can I find a good property agent to assist me invest in Epe? Want to invest in Epe? Chat Henry on WhatsApp, you just got the best property agent in town.
What landmarks are in Epe?: Epe is a rapidly developing town with notable landmarks. Some of the landmarks include:

Lagos food and security system hub
Augustine University
Lagos University of Education, Michael Otedola Campus
Epe Resort and spa
Lagos Film City
Alaro City
Lekki international airport

Read: Helpful steps to take when buying a property in Nigeria