Vanguard Newspaper October 5, 2010 Bank Backs Multi-Billion Eko Atlantic City

A Director of First Bank, Prince Ajibola Afonja, who visited the site after the premiere, described it as "the future in making. It confirms the impression my friends who have visited here gave me. It is a good judgment on the part of our institution to get deeply involved in this project. It is a good investment. A lot of people have been sceptical about it even though they know it has been done elsewhere, but the question is that has it ever been done with Atlantic Ocean? That has been the fear a lot of people had, but from all the indications, technical, factual, I believe that it is happening and I'll get more personally involved." He said FBN is "part of the project and is happy to be involved in building an ultra-modern city that compares with any of its type in the world".

Eko Atlantic is spread across seven districts, combining residential, commercial, financial and tourist development. It has an Ocean Front district that stretches along the coastline for approximately 7 square kilometres with breathtaking views over the ocean, an exclusive Harbour Lights district that lies between two dominant features in Eko Atlantic known as Point Lagos, and the towering Financial District.

It is conceived as a complete city with a financial district that will host towering structures of architectural excellence; a high-octane mix of commercial and residential development makes Eko Drive an attractive proposition for investors. There will be a captivating Marina district situated at the eastern side of Eko Atlantic bordered by Eko Drive and Avenues to the west and Ocean Front to the south.

Three thousand buildings are expected to be developed in Eko Atlantic city with projected resident population put at 250,000, and commuters, 150,000. The first one-kilometre road has been constructed but the city will have 100 kilometres length of internal roads; the length of internal waterway 20 kilometres and the duration of marine works will be six years. The length of the main sea wall (revetment) is 7 kilometres and the height of the sea wall above water level is 9 metres.