Lagos State ,the city of hustle and bustle , the most populous state in Nigeria with over 15 million residents. The city believed to be the economic strength of the Nation.
Majority of the biggest industries operating in Nigeria are located in Lagos. It is the first stop for most foreign investors. Lagos has being described by so many as the “New York of Nigeria”. Most believe that the bulk of Nigeria’s money is stashed in Lagos.
Aside over population another major issue the state has continue to battle with over the years is flooding and coastal erosion caused by the Atlantic ocean. Hence in a bid to search for permanent solution to this the idea of “EKO ATLANTIC” was born. Between 2003 and 2005 South Energyx Nigeria Limited, the developers and city planners of Eko Atlantic, engaged in a feasibility study with international experts to solve the problem once and for all.
Lagos state is today building the city that has been predicted to become the financial centre of West Africa in 2020. The scale of the Eko Atlantic project is immense and private individuals and companies who have the knowledge and expertise to transform land lost to the power of the sea into an ocean-front city have been put together to build “one of the wonders of the 21st century”.
The city, an ambitious development variously described as tomorrow’s Lagos, Africa’s Dubai, etc, will be sitting on ten million square metres of reclaimed land from the Atlantic Ocean and is anticipated to be the largest economic hub in West Africa. It will have 400,000 residents and a daily flow of 250,000 commuters
The city will satisfy needs for financial, commercial, residential and tourist accommodations with a state-of-the-art high-tech infrastructure in line with modern and environmental standards. These standards will offer the city’s residents modern water, waste management, security and transportation systems. Eko Atlantic will also have an independent source of energy generated specifically for the city.
Prime investment property opportunities are available for private companies and individuals. Investing in Eko Atlantic captures the potential of a continent, which many acknowledge as the world’s most promising new investment horizon.
Eko Atlantic would create a wealth of new investment opportunities for individuals, companies and organisations who want to invest in Africa.
Around 250,000 people will live in the city with 150,000 more commuting into work each day, so the potential for business opportunities in Nigeria will continue to grow even when the construction phase is complete.
Nigeria is Africa’s most populous nation. By 2050, the country is anticipated to reach well over 400 million people. With massive oil reserves and natural gas, Nigeria is also Africa’s second most productive economy. Nigeria’s current and projected annual GDP growth averages over seven per cent. Lagos is to become the financial hub of Africa. With its wealth of facilities and infrastructure, Eko Atlantic will help make this possible, and its investors will stand to gain enormously.
Eko Atlantic is more than just a city. It is an Investment, a business opportunity, a landmark and a stepping stone not just for Lagos but for the whole of Nigeria and West Africa.
Investing in NIGERIA has never been more attractive.
The Nigerian-Turkish Investors Forum 