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AFRICANGLOBE - The government of the state of Lagos has proudly proclaimed it is building a new city that will become the new financial center of Nigeria. Pitched as Africa's answer to Dubai, Eko Atlantic is a multibillion dollar residential and business development that is located as an appendage to Victoria Island, and along the renowned Bar Beach shoreline in Lagos.
AFRICANGLOBE - February 21, 2013, saw one of Nigeria’s most promising ground breaking events when the Eko Atlantic mega-city was given the green light to kick-off construction. Two years on, it is now preparing to house its second building, a luxurious 26-storey skyscraper.
AFRICANGLOBE - It's a sight to behold. Just off Lagos, Nigeria's coast, an artificial island is emerging from the sea. A foundation, built of sand dredged from the ocean floor, stretches over ten kilometres. Promotional videos depict what is to come: a city of soaring buildings, housing for 250,000 people, and a central boulevard to match Paris' Champs-Élysées and New York's Fifth Avenue.
AFRICANGLOBE - Nigeria may occupy the 13th position as one of the leading G20 economies in the World by 2050, a report released by international accounting firm, PricewaterhouseCoopers (PwC) has revealed.The PwC 2013 report disclosed that with the oil rich West African nation’s projected rise in Purchasing Power Parity (PPP), in terms of Gross Domestic Product (GDP), from $2.6 billion to $3.9 billion by 2050, Nigeria is on its way to become one of the top 20 leading economies by the projected year.