Eko Atlantic is an entire new coastal city being built on Victoria Island adjacent to Lagos, Nigeria. It is a focal point for investors capitalizing on rich development growth based on massive demand – and a gateway to emerging markets of the continent.
Standing on 10 million square meters of land reclaimed from the ocean and protected by an 8.5 kilometer long sea wall, Eko Atlantic will be the size of Manhattan’s skyscraper district. Self-sufficient and sustainable, it includes state-of-the-art urban design, its own power generation, clean water, advanced telecommunications, spacious roads, and tree-lined streets.
Economics
The project is privately funded by South Energyx Nigeria Limited – the developers and city planners, a subsidiary of the Nigeria-based Chagoury Group of companies – working in strategic partnership with the Lagos State Government and supported by the Federal Government of Nigeria. Notable national and international banks have been quick to capitalise on the opportunities with some of Nigeria’s biggest – FCMB, First Bank, Access Bank and Guaranty Trust Bank – partnering with Eko Atlantic, with support from BNP Paribas Fortis and KBC.
For savvy investors, Eko Atlantic City represents far more than just surging Lagos land value. As Nigeria continues its unstoppable trajectory to become the financial capital of Africa, investing in Eko Atlantic opens unprecedented opportunities for tapping into the wider potential of the continent as a whole – widely recognized as the world’s most promising growth horizon.
Engineering and Technology
Eko Atlantic is a marvel of modern engineering and technology, and a testament to the rise of Nigeria on the world stage. This new city has evolved rapidly from a visionary design concept into a technological reality. Infrastructural road works and underground surface drainage pipes are already laid along major routes across the new city. All bridges in Phase 1 & 2 of the project have been completed. And the Great Wall of Lagos sea revetment, which is being built more than two kilometers offshore at eight-and-a-half meters above sea level, has surpassed 6 kilometers in length and is now protecting over 6 million square meters of Eko Atlantic and Victoria Island. Across Eko Atlantic, independent reliable electricity, advanced fibre optic telecoms, and clean water utility services are already installed below street level. With the foundations in place, this magnificent engineering and technological city is now rising.
For more details, visit https://www.ekoatlantic.com/
Nigeria is a federal republic in West Africa, bordering Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Its coast in the south is located on the Gulf of Guinea in the Atlantic Ocean. The federation comprises 36 states and 1 Federal Capital Territory, where the capital, Abuja, is located. The official language is English, but there are ethnic groups that speak over 250 different languages including Hausa, Igbo and Yoruba.
