Ibeju-Lekki, formerly at Akodo, was once a remote local government area in Lagos until it was selected by the Lagos State government as the location for the proposed Lekki Free Trade Zones, subsequently, it received a lot of attention and development ideas. It has attracted billions of dollars in local and international investment in Ibeju-Lekki, with the Dangote refinery being the most prominent.
The area is rapidly and continuously developing. The commercial center of Lagos state appears to be gradually shifting towards the area, with significant efforts being made to develop industries and infrastructure.
There is also the Lekki International Airport project, which was initiated to relieve the strain on the Murtala Muhammed Airport in Ikeja. According to the master plan for the new airport, it is intended to accommodate wide-body, double-deck, and four-engine aircraft with a capacity of up to 500 seats.