Victoria Island (VI) is an affluent area that encompasses a former island of the same name neighbouring Lagos Island, Ikoyi and the Lekki Peninsula by the Lagos Lagoon. It is the main business and financial centre of Lagos State, Nigeria.
The island is one of the most exclusive and expensive areas to reside in Lagos. The town and island lie within the boundaries of the Eti-Osa Local Government Area (LGA). It is named after Queen Victoria.
Eti-Osa is a Local Government Area of Lagos State in Nigeria. Lagos State Government administers the council area as Ikoyi-Obalende LCDA, Eti-Osa East, and Iru Victoria Island LCDA. Within Eti-Osa are several important areas of Lagos State, including Lagos' Victoria Island. Before the Nigerian Capital moved to Abuja, Eti-Osa Local Government Area served alongside Lagos Island Local Government Area as the seat of the national capital. Eti-osa used to be the poorest neighborhood in Lagos State until development changed it to become one of the most prosperous areas where the richest Nigerians live in Lagos. Currently, Babajide Sanwo Olu is the governor of Lagos State and responsible for the local governments setup and delivering government services to the people.