MTN Nigeria is relocating its headquarters to Eko Atlantic City, a modern commercial hub in Lagos. CEO Karl Toriola confirmed this development, which follows an earlier announcement made four years ago. Eko Atlantic attracts numerous firms and is positioned to enhance Nigeria’s business environment and digital infrastructure with a planned Tier 4 data center.
MTN Nigeria, the leading mobile network operator in the country, is set to construct its new headquarters in Eko Atlantic City, which is increasingly attracting numerous large firms including First Bank and Dangote Group. The United States Embassy is also planning a new diplomatic facility in this area, enticed by its modern infrastructure and meticulously designed layout.
Karl Toriola, the CEO of MTN Nigeria, announced the location of their new headquarters during an event related to the MyLagosApp launch, affirming their commitment to investing in Lagos. This initiative marks MTN as the first telecommunications company to establish a base in the evolving coastal city, reflecting optimism regarding its potential as a key business district in Nigeria.
Eko Atlantic City was launched in 2008, with land reclamation beginning the same year. Positioned adjacent to Victoria Island, the primary business area of Lagos, it aims to present itself as the most advanced commercial hub in the city, drawing businesses and property investors seeking organized environments.
Although Toriola refrained from specifying the construction costs, estimates from knowledgeable sources suggest the expenses will reach millions of dollars. The land within Eko Atlantic is segmented into three phases, with pricing influenced by size, location, and intended usage. Prices for plots in Phases 1 and 2 begin at approximately $1,150 per square meter, while Phase 3, designated for low-rise residential homes, starts at $1,050 per square meter.
Additional costs, including agency fees, could further elevate the price per square meter. For example, a plot of 3,336 square meters was recently advertised on propertypro.ng for ₦5 billion, equating to roughly $1,200 per square meter.
In addition to its headquarters, MTN Nigeria is developing the largest Tier 4 data center in West Africa, set to house 1,500 racks and serve as a carrier-neutral facility. This data center, which will not be located in Eko Atlantic but rather on the mainland of Lagos, is designed to enhance connectivity and affirm Nigeria’s leadership in digital advancements.
In conclusion, MTN Nigeria’s decision to establish its headquarters in Eko Atlantic City signifies a strategic investment in one of Nigeria’s most promising business locales. The ongoing development of modern infrastructure combined with the establishment of West Africa’s largest Tier 4 data center underscores a commitment to enhancing digital connectivity and fostering economic growth in the region.
Original Source: techcabal.com
