Victoria Island, to the south of Lagos Island and popularly known as VI, has been expanding rapidly over the last two decades towards Lekki Peninsula to the east and is a favourite spot for expatriates to live and play.

Most apartments are furnished and rents include service charges.

In Oniru Estate and other areas collectively known as Victoria Island Extension, rents are in the range of N2-4 million ($15,000-40,000) - not bad considering the whole axis was a slum with makeshift houses that were home to poor fisherman only eight years ago.

There is a high concentration of bakeries, confectionaries and eateries, including The Brass Lamp, Cactus, Chococat Royal, Frenchies and Park & Shop, as well as some five-star hotels. Unregulated parking outside shops and offices on VI has made the roads almost impassable. Heavy commuter traffic during peak hours also adds to the problem.

Most residents here have their own car but the area is also served by public transport. Because of the presence of banks and other commercial activities on VI, security is tight. Residents also make private arrangements to secure their homes to complement the security provided by the police. Recreation spots include Bar Beach, Fiki Boat club, Goethe Institute, Le Meridian Eko Hotel and Federal Palace Hotel and VI is the centre of the city’s nightlife.