MTN Nigeria, the nation’s largest cell community operator, is constructing its new headquarters in Eko Atlantic, becoming a member of a rising record of huge corporations relocating to the 10-square-kilometer metropolis, together with First Financial institution and Dangote Group. The USA Embassy can be creating a brand new diplomatic facility in Eko Atlantic, drawn by its promise of high-end infrastructure, fashionable workplace areas, and a well-planned metropolis format.
MTN Nigeria CEO Karl Toriola confirmed on Wednesday that the corporate’s new headquarters will likely be located in Eko Atlantic, 4 years after first saying plans to construct a brand new head workplace. MTN is the primary telecom operator to construct within the coastal metropolis, signaling confidence in its potential as one of many premier enterprise hubs in Nigeria.
“Past connectivity, we’re dedicated to creating long-term investments in Lagos. As a part of this dedication, we’ve got acquired a bit of land in Eko Atlantic Metropolis, and we are going to start development as soon as we’ve got gotten the gear,” Toriola mentioned on the MyLagosApp launch occasion in Lagos.
Eko Atlantic Metropolis was launched in 2008, with land reclamation beginning the identical yr. Positioned subsequent to Victoria Island, Lagos’ primary enterprise district, it goals to turn out to be town’s most superior business hub. With its fashionable infrastructure and strategic location, Eko Atlantic is attracting companies, actual property buyers, and high-profile organizations on the lookout for a well-planned enterprise surroundings.
Toriola didn’t disclose the development value, however sources accustomed to the matter estimate it to be within the hundreds of thousands of {dollars}. Land costs in Eko Atlantic Metropolis—divided into three phases— range based mostly on dimension, location, and meant use. Phases 1 and a couple of, designated for mid- to high-rise developments, have plot sizes beginning at roughly 2,200 sq. meters with a beginning worth of $1,150 per sq. meter. Part 3, meant for low-rise residential homes with plot sizes beginning at round 1,200 sq. meters, is priced at $1,050 per sq. meter.
Further prices similar to company and administrative charges can enhance the full worth per sq. meter. As an example, a 3,336 square-meter plot was listed on propertypro.ng for ₦5 billion, translating to about $1,200 per sq. meter.
MTN Nigeria can be setting up West Africa’s largest Tier 4 information middle in Lagos. The power will home 1,500 racks and function as a carrier-neutral hub, permitting a number of Web Service Suppliers (ISPs) and cloud service suppliers to interconnect. Toriola additionally confirmed to TechCabal that the information middle is not going to be located inside Eko Atlantic however on the Lagos mainland.
“With seven levels of connectivity, this facility would be the most refined information hub within the area, additional strengthening Nigeria’s place as a frontrunner in digital transformation,” Toriola mentioned.
