Pelican Valley Estates Gain Investors’ Attention, As Ogun Launches Gateway Airport

ABEOKUTA – Property values across Pelican Valley developments are set for a major surge following the inauguration of the Gateway International Airport by President Bola Ahmed Tinubu, a landmark project widely expected to reposition Ogun State as a leading logistics and economic hub.

Real estate analysts noted that the airport’s commissioning is already driving increased investor interest in nearby residential and commercial developments, particularly within the Pelican Valley Nigeria Limited portfolio.

The estates’ strategic proximity to the new cargo airport places them in a prime position to benefit from the anticipated rise in economic activity.

Pelican Brief Estate in Kobape is emerging as a key beneficiary. Located just 45.3 kilometres—about a 50-minute drive—from the airport, the estate offers a strong value proposition for professionals, logistics operators, and investors seeking opportunities within the developing aerotropolis ecosystem.

Similarly, Pelican Valley Estate in Laderin is also poised for appreciation.

Situated approximately 55 kilometres away, or about one hour and ten minutes by road, the estate combines residential comfort with access to the expanding aviation corridor.

Notably, both estates are within one hour and thirty minutes’ drive of Murtala Muhammed International Airport, further enhancing their connectivity.

Industry observers emphasize that infrastructure development has historically driven real estate growth, and the Gateway International Cargo Airport is expected to follow this pattern. With improved connectivity, increased commercial activity, and job creation on the horizon, housing demand in surrounding areas is projected to rise steadily.

Providing further insight, Ambassador Babatunde Adeyemo, CEO of Pelican Valley Nigeria Limited, highlighted the strong returns already being recorded by early investors.

Speaking during a recent engagement with foreign-based investors, he revealed that initial investments have seen remarkable appreciation.

According to him, a family that acquired over 15 plots in 2021 at about ₦1 million per plot has witnessed the value rise to ₦17.5 million per plot.

He added that Pelican Brief Estate alone has attracted more than 800 Nigerians in the diaspora, with over 100 ongoing, government approved developments currently underway.

Stakeholders believed the airport’s commissioning could mark the beginning of even greater value growth, reinforcing the importance of location, infrastructure, and timing in real estate investment decisions.

Former President Olusegun Obasanjo described the airport’s inauguration as a “historical occasion,” expressing satisfaction at witnessing such a milestone.

Reflecting on Ogun State’s creation 50 years ago, he noted that few could have envisioned the establishment of an airport in the state.

Obasanjo also highlighted the airport’s practical benefits, stating that it has reduced travel time to Abeokuta by approximately 25 minutes.

Previously, journeys from Lagos airports to his residence could take over an hour, a challenge he says has now been effectively addressed.

In the same vein, Senate President Godswill Akpabio remarked that the airport corridor is rapidly evolving into an industrial hub.

He observed that the Kobape-Abeokuta expressway axis has become a hotspot for investors, hosting over ₦16 billion in investments, with several major industries relocating from Agbara to the area.

With these developments, experts say the Gateway International Airport is not only transforming Ogun State’s economic landscape but also unlocking significant real estate opportunities for forward-looking investors.