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Izy OKU
2 months ago
Overview
The History of Banana Island: How a Swamp Became Nigeria’s Most Expensive Neighborhood
In the late 1980s, the Lagos State government teamed up with City Property Development Ltd., owned by Lebanese-Nigerian tycoon Chagoury Group, to reclaim land off the coast of Ikoyi.
The goal? Build a planned, gated community modeled after Palm Island in Dubai, with underground drainage, top-tier infrastructure, and zero “area boys.”
The design was shaped like a banana — hence the name.
https://nigeriarealestateblog.com/history-of-banana-island-lagos/
