President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, approves Inland Dry Port in Ijebu-Ode, Ogun State amongst other locations.
The impact of this development to regional growth
The recent approval of inland dry ports in certain cities including Ijebu-Ode, Ogun State by President Tinubu is a landmark development for the southwestern region of Nigeria. These strategic infrastructures promises numerous economic and logistical benefits that directly influence the surrounding areas.
One sector set to benefit from this major development is the real estate sector. Let’s explore how this development contributes to regional growth and enhances the value of investments in these regions, particularly Chase Garden, situate at the border city of Epe and Ijebu-Ode.
Reduced Congestion
By diverting cargo from busy seaports to inland terminals, the newly approved dry ports will significantly reduce congestion at major seaports such as Apapa and Tin Can Island. This reduction in congestion translates to improved efficiency in cargo handling, reducing transit times and enhancing productivity in the supply chain.
Investors of Chase Garden, the improved infrastructure positions this estate as an ideal location for businesses and residents who value accessibility to modern facilities. The proximity of these estates to the Ijebu-Ode inland dry port ensures easier movement of goods, making it an attractive proposition for investors, traders, and logistics operators.
Faster Customs Clearance
For residents and businesses in Ijebu-Ode and its environs, this means a more seamless trade process. The dry port’s influence will extend to nearby real estate, increasing their appeal for both residential and commercial purposes.
Increase in Demand for Affordable Housing
The influx of businesses and workers resulting from the operationalization of these dry ports will drive a surge in demand for housing. Residential properties within close proximity to these facilities will become highly sought after as workers and businesses settle nearby.
Chase Garden is poised to benefit from this rising demand. These estates are designed to cater to diverse housing needs, making them attractive options for new residents. Investors in these properties will not only witness a rise in occupancy rates but also higher rental yields and capital appreciation as development accelerates in Ijebu-Ode which is about 5 minutes drive from our prime estates.
Cost Savings
Inland dry ports are catalysts for regional economic development and job creation. They foster employment across various sectors, including transportation, logistics, warehousing, and trade. These jobs will, in turn, stimulate local economies and encourage infrastructural development.
For Chase Garden and the neighbouring estates, the resultant economic activities will elevate the neighborhoods, transforming them into vibrant hubs of economic and social activity. Job creation will fuel spending power in the area, increasing the demand for real estate and further driving property appreciation.
Conclusion
The approval of inland dry ports in Ijebu-Ode marks the beginning of a transformative era for Ogun State. For investors in Chase Garden the potential for increased property value, higher demand, and enhanced accessibility positions these estates as unparalleled investment opportunities.
As economic activities surge and the ripple effects of these dry ports begin to manifest, early investors will reap significant rewards. Now is the time to secure your piece of these high-value estates and be a part of the growth story that is set to redefine Ijebu-Ode and its surroundings.