PHOTOS: Take A Look At What Banana Island (Nigeria’s Most Expensive Residential Area) Was In The 1970s And What It Is Now

Written By Oshiobugie Omo-Ikiordah....KINDLY READ THE FULL STORY HERE▶

Banana Island is a man-made island located in the Lagos Lagoon in Lagos, Nigeria. The development of Banana Island started in the 1970s, during the military regime of General Yakubu Gowon. The idea was to create an exclusive residential area for the wealthy and influential people in Nigeria. The island was named Banana Island due to its banana-like shape.

The development of Banana Island was carried out by a consortium of Lebanese and Nigerian investors, led by the late Chief Adebayo Adeleke. The project was executed by the construction company, Cappa and D’Alberto, and was completed in the 1990s. CONTINUE READING

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Banana Island is a luxurious and exclusive community that is home to some of the wealthiest individuals in Nigeria. The island boasts of modern infrastructure, including 24-hour electricity, water supply, and a state-of-the-art security system.

One of the most notable residents of Banana Island is Africa’s richest man, Aliko Dangote. Other prominent residents include politicians, business leaders, and celebrities.

The development of Banana Island has not been without controversy. There have been allegations of land grabbing and the displacement of local communities to make way for the island’s construction. However, the developers have denied these allegations, stating that they acquired the land legally and compensated the affected communities.

Despite the controversies surrounding its development, Banana Island has become a symbol of wealth and exclusivity in Nigeria. The island’s real estate prices are among the highest in Africa, with properties costing millions of dollars.

Source: Bushradiogist