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South
Energyx Nigeria Limited, a subsidiary of the Chagoury
Group, said it has so far reclaimed 2.4 million square
metres of land in the nine million square metres Eko
Atlantic city land reclamation exercise.
 The company which was specifically created to undertake
the development said the city, which will be divided
into six districts, will offer multiple investment and
development opportunities through its strategic plan to
reclaim nine million square metres of land from the
ocean. Speaking during a familiarization tour of the
site, Lagos State Governor, Mr Babatunde Fashola, said
it is the state's vision to build a self-contained city
that provides the quality of infrastructure and services
required to make the state the financial capital of
Africa.
According to him, "We are reclaiming and restoring the
geographical territory of Lagos State and by extension
the Federal Republic of Nigeria. We are reclaiming the
land that has been lost to the Atlantic Ocean and
uncontrollable erosion that has now been brought under
control.
"For many who might not know, during the rains of 2007
there were waves here as high as 70 metres and were
buffeting this coast line. For the Great Wall of Lagos,
the wall in front of us here today protected Victoria
Island and Ikoyi and the residents in Lagos from being
submerged by flood, and it is still work in progress.
This will be the wall that will ultimately defend this
Island from the Atlantic Ocean. We will work this stock
with our partners. The future is clear to us as it
should. This will be a new city on the coast. The city
will run and operate like any other city in the world:
24-hour electricity; new business centre; housing
accommodation "very efficient and reliable". |
