After First Bank, Dangote, Another Nigerian Company Moves to Build Headquarters in Eko Atlantic City
- MTN Nigeria has disclosed plans to build its new headquarters in Eko Atlantic City
- MTN Nigeria’s chief executive officer, Karl Toriola, disclosed this during the launch of MyLagosApp in Lagos
- He did not give a timeframe or the financial involvement for the new building but said the company is committed to investing in Lagos
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
MTN Nigeria has revealed plans to build its new headquarters in Eko Atlantic City, the first telecom company to do so in the fast-growing coastal city.
The Company’s Nigeria Chief Executive Officer, Karl Toriola disclosed this recently.
Source: UGC
MTN to join other companies in Eko Atlantic City
The move places MTN Nigeria alongside major conglomerates, including First Bank, Shell, the Dangote Group, and others among the growing list of firms relocating to the plush city.
Toriola disclosed this during the launch of MyLagosApp, a digital platform to streamline access to essential services in the city.
The MTN boss said beyond connection, the telco was committed to making long-term investments in Lagos.
Toriola said:
“As part of this commitment, we have acquired a piece of land in Eko Atlantic City, and we will commence construction once we have gotten the equipment.”
He did not disclose the timeframe or the financials for the new project.
This update comes four years after the telecom company first announced plans to build a new headquarters.
MTN Nigeria is also developing the largest Tier 4 data centre in West Africa, located in Lagos. The facility will have 1,500 racks and function as a carrier-neutral hub, enabling multiple Internet Service Providers (ISPs) and cloud service providers to connect.
The telco's announcement came after First Bank’s groundbreaking event for its new 43-storey building headquarters, Nigeria’s tallest building.
Dangote Group to relocate to Eko Atlantic City
Also, Africa’s richest man, Aliko Dangote, intends to relocate his industrial empire's headquarters to Lagos' Eko Atlantic City, solidifying the area's rise to prominence as the country's financial centre.
Dangote spoke at the groundbreaking ceremony for FirstBank's new environmentally friendly headquarters. He applauded the bank's ambitious endeavour and referred to his move, Billionaires. Africa reported.
The event signalled the beginning of construction on First Bank's 40-story iconic head office building, which will stand at 252 meters and be the highest in West Africa.
The event was attended by the society’s creme de la creme such as Vice President Kashim Shettima, Aliko Dangote, and Femi Otedola, among other captains of industry.
First Bank's leadership in green banking will be strengthened and operational costs will be reduced by the tower's 115,000 square meters of built-up space, which was designed with sustainability in mind.
Source: Twitter
The buzz around Eko Atlantic
Eko Atlantic City, launched in 2008, is fast becoming a preferred destination for corporations, real estate investors, and high-profile organizations seeking a well-structured business environment.
Recognized for its modern infrastructure, prestige, and carefully planned layout, Eko Atlantic stands out as Nigeria’s most desirable city. It features an eight-lane boulevard, approximately 13 internal bridges, underground cables, and over 30,000 trees contributing to its green footprint.
Designed to resemble Manhattan’s Skyscraper District in New York City, Eko Atlantic is situated next to Victoria Island, Lagos’ main business hub. The city aims to be a leading commercial centre with cutting-edge facilities.
According to BusinessDay, it is projected that Eko Atlantic will accommodate at least 500,000 residents, while daily commuter traffic is expected to exceed 300,000 people.
The city’s strategic location and advanced infrastructure make it highly attractive to businesses and investors seeking a well-organized and prestigious environment.
Reports suggest that land prices in Eko Atlantic are exceptionally high and typically quoted in US dollars. Comparisons indicate that its land value rivals that of some of the world's most expensive cities.
MTN sends messages to subscribers on network glitches
Legit.ng earlier reported that several MTN subscribers in parts of the country experienced network glitches which affected their ability to browse the internet despite having active data plans.
Social media platforms were flooded with complaints from affected subscribers who expressed dissatisfaction over the unexpected service interruption.
Many of the affected subscribers took to social media to react to the network glitches.
Article updated with additional information by head of business desk Victor Enengedi.
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Source: Legit.ng
