Victoria Island (Nigeria)
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Victoria Island (VI) is the main business and financial centre of Lagos, Nigeria. It was originally a residential area, but businesses have been moving in steadily over the last twenty years. Today, Victoria Island is one of Nigeria's busiest centres of banking and commerce.
VI is one of the most exclusive and expensive areas to live in Lagos. Renting an apartment with luxurious amenities inclusive ranges from $10,000 to $48,000 per annum. Investing in property one of the most lucrative business in Victoria Island. It has been expanding rapidly over the last two decades and now stretches to the Lekki Peninsula area. The island has a large number of shops, bars, restaurants, night clubs and other leisure spots. Victoria Island, along with Ikoyi, is a favourite spot for expatriates to live and play.
The influx of banks and other commercial ventures have lead to a few problems. Over the years, residents complained about the increase in traffic and influx of street traders who cater to local bank employees and businessmen.
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