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Here is all you need to know about Banana Island, Lagos state – Nigeria’s most expensive neighbourhood (History + Pictures)

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About Banana Island – Banana Island, is an area of Ikoyi, Lagos, Nigeria, 8.6 kilometres east of Tafawa Balewa Square. 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. Banana Island has one of the highest density of millionaires within its boundaries.

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According to the Elites Magazine, this beautiful island has become the most preferred abode of the rich. Many years ago, Banana Island distinguished itself as a no go area for the middle class, leaving the rest of Lagos such as Ikeja GRA, Victoria Island and Lekki for the average millionaires in Lagos. A first time visitor to this island is greeted by the sight of well laid lawns with beautiful flowers and well paved roads. The quietude and untainted environment is a major attraction as well.
Beautiful trees are also planted in canopy form to serve as umbrella and to supply fresh air.
Banana Island is an artificial island in Ikoyi, Lagos State. 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. It was constructed by HiTech, the construction arm of the Chagoury Group and is a joint venture with the Nigerian Federal Ministry of Works and Housing.

The banana shaped island is approximately 1,630,000 square meters in size and it has been zoned into 536 plots consisting of 100 closes, which serve to enhance the banana shape of the island. The island is so designed to enhance the historically residential nature of Ikoyi. Residents are provided world class utilities including underground electrical systems, as against the overhead. Plot sizes range from 1000 square metres to 4000 square metres. The island is designed for a mixed development with plots for residential, commercial, recreational areas, a main piazza, primary and secondary schools, fire and police stations, clinics, hotels and club-houses. Utilities offered include underground electrical systems, an underground water supply network, central sewage system and treatment plant, street lighting and satellite telecommunications networks, as well as overhead and storm water covered drainage. SEE ALSO: 35 Nigerian celebrities bikini photos that you can’t stop staring at!

Banana Island is not just home to some of the finest Nigeria real estate, it also habours some of the most expensive properties in Nigeria. Indeed, beauty and comfort come at a price.

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