About Eko Atlantic

An investment opportunity
on an unprecedented scale

Eko Atlantic is an entire new coastal city being built on Victoria Island adjacent to Lagos, Nigeria. It is a focal point for investors capitalising on rich development growth based on massive demand – and a gateway to emerging markets of the continent.

Environmental Impact Assesment Report

 

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Standing on 10 million square metres of land reclaimed from the ocean and protected by an 8.5 kilometre 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 recognised 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 kilometres offshore at eight-and-a-half metres above sea level, has surpassed 6 kilometres in length and is now protecting over 6 million square metres 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.