The $200m Globe Motors Plant Commences Production in Ibeju Lekki

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A $200m vehicle assembly plant initiated three years ago in Ibeju Lekki has become a reality, thus confirming sayings that Lagos wealth is shifting to the Ibeju Lekki axis.

The plant is located right in Eleko area of Ibeju Lekki and has an installed capacity of producing 6,000 vehicles annually, churning out brand new Hyundai and Higer commercial vehicles to the African market.

Globe Motors was one of the 30 local auto manufacturers accredited by the National Automative Design and Development Council (NADDC) under the Nigeria Automotive Industry Development Plan.

This Globe Motors project is one of the several mega-developments happening in Ibeju Lekki and this is a sign that Ibeju Lekki is the next investment hub in West Africa.

Just imagine how much your real estate investment would worth in few years time when all of the mega projects in Ibeju Lekki come to life. A case of Lekki Phase 1 should give you a clue.

Click here to invest in properties in Ibeju Lekki for a high return on investment with our recommended premium landed properties in Ibeju Lekki Lagos.

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