Ikoyi occupies the eastern half of Lagos Island in Nigeria and lies at the edge of the Lagos Lagoon. It is one of the towns that make up the Eti-Osa Local Government Area of Lagos state.
Originally designed to be a residential area for the expatriate community by the British colonial governments of late 1800s to early 1950s, Ikoyi Lagos Nigeria is presently home to Expatriate workers mainly in the Oil and Gas industry as well as diplomats and many leading local business executives and government appointees.
Ikoyi by African standards is one of the most opulent and well developed towns (only in terms of real estate, since road networks and electricity supply are not so impressive) on the continent housing some of Africa's leading upper middle class residents.
Exclusive to the high and mighty of Lagos society, Ikoyi represents one of the best examples of aplenty amidst squalor. Why? Because close by is Obalende, a commercial area with many slums and landmarks that remind you of poverty.
Onikan is also a boundary town with Ikoyi and houses the famous Race course, city mall and the MUSON centre. Sometimes these places might be regarded as part of Ikoyi.
However, Ikoyi Lagos Nigeria is a splendid place to live or work in. Firstly, it is composed of very modern buildings that befit its status as very comfortable place to live.
With many luxury apartments, there isn't a shortage of comfortable accommodation if you can beat the price. Places like Banana Island, Park view estate, Niger Towers have very high rental and purchasing costs for housing.
Imagine paying as much as $80,000 per annum for a 3 bed room apartment, and there are still many like that littered in Ikoyi, however others like Dolphin estate are less expensive but still beyond the reach of even many middle class families.
Secondly, many world class businesses thrive in Ikoyi such as KPMG, Julius Berger, Zenon, Intercontinental WAPIC, Insurance PHB and NNPC among others.
It is also home to numerous shopping plazas including the Kingsway shopping centre, Dolphin estate shopping centre, Golden Gate Plaza and city mall located in Onikan. A large number of fashion houses, boutiques, salons and clothing stores can be found on the busy Awolowo way.
Just like supermarkets and pharmacies also adorn different parts of the busy Awolowo way and other non residential parts of Ikoyi. In addition, Ikoyi Lagos Nigeria is noted for some landmarks like the Court of Industrial Arbitration, Kings College, Federal High Court, Dodan Baracks, JAMB secretariat, Niger Towers, Kingsway Road now known as Alfed Rewane Road, Awolowo way, former federal secretariat, Voice of Nigeria, Radio Nigeria and the former Police Headquatres.
Also the Lagos polo Club and Ikoyi club are other landmarks in the town. A number of observations can be made about this town such as road networks. Most of the roads in Ikoyi were constructed in colonial times, and as is expected are very narrow.
Many of them were last rehabilitated in the 80s and can be very disappointing during the rainy season. Also other infrastructure like street lights, constant water and electricity supply are poor.
Also commercial transportation in Ikoyi Lagos Nigeria is different from most parts of the metropolis as dedicated commercial buses convey passengers to various parts. In certain parts of Ikoyi like Park view, Osborne road, Dolphin estate and Banana Island, there is a ban on all commercial vehicles except Taxis.
Most of Ikoyi is quiet and peaceful. It has one of the lowest crime rates in the state, and has a very well educated and enlightened group of residents. Illegal structures do not spring up easily in Ikoyi as the residents associations which are known to be dogged and conservative will quickly rise to the occasion and put a stop to it.
In Ikoyi, owning a house and car is wise because transportation and house rent is high with retail stores selling expensive items most local residents will prefer to do their shopping in nearby Obalende or even come down to the mainland.Living in Ikoyi is comparable to living in any major European or first world country.
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