Why Eko Atlantic City in Lagos is still Empty
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- čas přidán 28. 05. 2022
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This is Eko Atlantic City, built on 10 square kilometers of land reclaimed from the Atlantic Ocean, some called it the Dubia of Nigeria, created to help stop costal erosion at VI, Lagos, this basic idea turned into a huge project.
This project brought a lot of controversies, because More than a decade later, only a handful of buildings have been completed, large sections of the city are still empty and plots of land awaiting construction work. In this Video, we toured Eko Atlantic and answered some questions regarding the Eko Atlantic city project in Lagos Nigeria.
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Nigeria must focus on getting 24/7 electricity and stop going for things they can't afford
Yes
Did your country have 24/7 power supply?
@@chrisudoka5420 what he said is absolutely true, no need for your defensive response. Nigeria needs to focus on having basic amenities that is more likely to foster long term growth and development.
@@co6429 what do you have in your country?
@@chrisudoka5420 don't mind those fool instead of them to focus on their undevelope village they are coming here to writing nonsense
Eko Atlantic City is a good exemple what Goverment should NOT do.
Can you imagine if all money had been invested in Education, Heathcare, sanitary store system, houses, etc ??
Surely, Nigerian people would get fully benefited
It is 100% privately owned!
Thank you for the emphasis😅@@dewsbabababa8006
No mind those yeye ignorant commenter @@dewsbabababa8006
Well said! A project fuelled by greed & unnecessary show off.
Not gov money abeg
Privately own.. Investors are supposed to troop in and erect buildings bit I can't tell why it is not happening
As a foreigner who has lived in Lagos for ten years, from my experience, it is very difficult to build any project here, especially the current government policies and various problems caused by corruption. I In order to apply for the use of Gas power generation, even though it took a lot of time and money to do it, it has been almost a year and it still can't be done. I am very disappointed with this government.
We are all disappointed in the government. you are not alone on that
Volume please, I'm feeling you!
In Nigeria it's all about who you know and money. Then you have power.
Any project or just real estate?
@@kingsleyonyemaechi4129 Any project....i have my reservations myself, it's just so long to type
1. The Eko Atlantic City wasn't designed for everyone, it has its target market.
2. Every country has such areas.
3. Just because you work in an area doesn't mean u are supposed to stay in that area.
Yes but this is Lagos with one of the worst traffic problems in the world. If there isn’t provision for low income earners such as the staff, then imagine how long it’ll take them to get home, and to get to work.
Yes while I agree with you but this project is a facade as it will not benefit the population at large, and will further contribute to class segregation, in a country where the economy continues decay, and inflation is 300% in past 15 years, the creation of job is also a mirage, as it will not even benefit the workers, many currently working on the island and living in the mainland are already finding it hard to make ends meet, and this will worsen it, this is just a private project for profit and should be labeled as such and not a benefit for the population at large
Everyone should see this message
They said house 250,000pple. So it definitely means they have a target market. It is not made for the average nigerian and that is okay. As long as it would help the GDP of the country at large. And they shouldn't settle for less. They already have a plan. Imagine selling a plot for 1million naira. What building will a person that can afford 1m build? A mediocre building. Definitely lesser than expectation. They should just stick with their plans. Things would still work out well. Great things need not to be rushed!!!
@@cheekypigg how must tourist we be paying every day to sleep and eat that eko at city is a overprice project there are many project around the world you can put your money rich people are not fool the invest wise and expecting return delay is dangerous
Dubai, whom we copied the idea from, is a top tourist attraction. Yet, they’ve slowed down on all their massive projects. I doubt Eko Atlantic will meet any of the potential. Pricing the land and properties in dollars is the first mistake. Its beyond the average Nigerian, and the super rich Nigerian will get more value for money buying a house in Dubai or the UK. They’d have better profit turning it into a tourist attraction, and maybe moving Apapa port there.
I agree. Rezone it as middle and high income and within 2 years that place will be pretty much full. Also force all commercial buildings of 30 stories and above to be built in the commercial district (downtown) of Lagos island in order to expedite the process of filling out the districts commercial skyline.
I totally agree
Eko Atlantic isn't for the average Nigerian; it's priced in Dollars because they want foreigners to invest in it
@@arulebadamilare4847 then it will continue to sit nearly empty for a very long time.
@@arulebadamilare4847 so when the foreigners invest, who will live in it? The foreigners? According to them, it was built to improve housing for Lagos citizens, will citizens also pay in dollars?
When i called this project a white elephant in another snowflakes caught feelings...... I live and work in dubai and i have seen similar projects that have bn simply abandoned cause of the cost of setting up and maintenance..... To make it worse some are sinking.
Amazing that millions in Lagos live in poverty without water and constant electricity. Wouldn't it be smarter to invest in the housing quality of its normal citizens and provide a good infrastructure than building this foe the rich and politicians? Don't Nigerians actually love themselves, ie their own normal people ?
No. Nigeria doesn’t give a damn about it’s citizens. Even China built proper housing and neighborhoods for their working class with all basic amenities intact.
If you’re not rich it’s like you’re cursed, as far as Nigeria is concerned. Incredibly classist society.
Thanks, for airing my thoughts . I bet they view success and socio-economic development differently.
This is not govt project, it's private enterprise , they are doing it to make money, not to improve the lives of people living on the main land.
The government don't love it's people
This is not built by the government, get your facts before making comments
Projects like these will always struggle with the way they're executed. There's no organic wealth building process among the locals. There must first be enough wealthy Nigerians who can invest in this project and make it a reality. It's much more difficult convincing wealthy foreigners to bring their money to Nigeria than it is convincing a Nigerian. We must do the hard work of building up rich Nigerians/Africans so that we don't have to beg foreigners to come and invest here.
Yep. Its African politicians who neglect their jobs for years, and then think that investing in these vanity projects will make a difference in the lives of the millions they leave behind.
Do not leave the poor behind. A developing country has to empower its people as much as possible. That's what the Koreans and Japanese did.
@@rickmorty7284 It's not the Politician but the ordinary Nigerians who elect those incompetent politicians. I cannot compehend the fact that Nigeria has over 200 million population and still not able to select the best leaders to help move the country forward. This only proves that NIgeria is not yet ready for this kind of development because they don't have the right mindset to break the cycle of corruption, incompetence, violence and poverty.
@@maxsteel2017man every Nigerian should read this comment and break the chain of corruption
It’s more like a clone of the model in Dubai. They probably want people to move to Nigeria but it’s not going to happen with the lack of infrastructure and poverty in the city. Safety will always be a concern.
@@maxsteel2017 Elections are rigged in Nigeria. So, it does not matter who you vote for. The corrupt politicians will just put themselves and their cronies in power. There is no hope for the country.
I grew up in Africa, I ran 2 small businesses in Africa, the problem is most African politicians and commissioners who oversee these projects are very corrupt, they always look for their “CUT” before the project even begins.
Another problem is, the Chinese companies which do most of the construction build poor quality structures. No consumer likes mediocre quality when purchasing a condo or a house.
And African real estate developers need to be realistic with pricing.
That's what is going to break this project.
There are 54 countries in Africa. So, which country are you referring to?
@@naturalblockade3412uganda to be specific. But such practices are very common in most African nations.
Abia state is open now for such project. Let's build our own in Aba.
As I live of country I don't get authentic information from the press in Nigeria, so this channel to me is a gem... And I thoroughly appreciate that your using your voice to spread authentic news for Nigerians like me.
Thanks for always watching 💪
I can understand the skepticism about this project but the success of this project is very necessary for Nigeria. I truly hope this project will be completed and improve the lives of everyone in the city. Much love, SA.
Is SA a city? If yes, where?
Thanks and regards,
yours sincerely,
none program loop 9ja citizen
9ja my country, peace ✌️
@@wasiukareem1906 It will take years to complete. Nigeria right now is not attracting foreign investment, nor tourism either. The Chinese are the only race coming to Nigeria for expoit Nigeria with useless large projects like airports etc. Right now their economy is tanking so who are the new investors for this white elephant project in a country with safety and fluctuating curreny issues? The equation is rather bleak.
How about improving existing cities like Lagos, Abuja, Kano than trying to build a new city
@@wasiukareem1906 SA is south Africa just showing love come on
It's not necessary for Nigeria. Nigeria should be decentralised instead of doing the bidding powers that be.
Tayo Aina did a video some time ago on Eko Atlantic and he revealed the average price of an apartment there is about $2million. I haven't seem anything in this place that warrants that price.
Thanks for showing this brother, things like this can longer be hidden we are all watching
Thank you Steve for bringing this to our knowledge
The fact is everywhere in the world they are building for people who are above average income. I see it here in NYC. Nobody can afford to live in these apartment buildings they are building. It’s so bad here they are offering free rent for two months. I’ve never seen that in NY only in other cities. But at least in Eko Atlantic City will bring jobs. Nobody cares about regular people.
I am looking forward to the completion of the magnificent Eko Atlantic City project and can't wait to open an office in the Marina District. I love this. Thank you for the update
Amazing video as always, I understand the sentiment behind the tweet you mentioned. There are places in lagos where you won’t be allowed to park in the premises if your car isn’t up to a particular standard. So it’s easy to see how people are talking about the disconnect between the project and the masses.
Steve, thanks for using your amazing platform in a responsible manner. I gain so much knowledge and and reference points from you. Keep fighting the good fight and keep up the good work.
It would have been better to develop land outside of Lagos. There are many areas worldwide that is evidence that they should not build on "reclaimed" land.
Kudos Steve! I really love how you broke down the information to the minute details and your flow in this video. Keep the good work up
Putting sky scrappers on a soaked land is playing Russian roulette with your life.
GREAT VIDEO!!! This is the level of DETAIL that I have been waiting on for YEARS!!!!
Great insights Steven! Thanks for this video.
Nigeria is really blessed i can imagine that place with big big hotels and fun things to do "tour" kind of like dubai
I actually like the idea of this project, this looks like this city could be for the future. Good luck Nigeria,🇳🇬 I wish I had money to invest and build my very own tower. Love from South Africa 🇿🇦
Even Sandton was empty in the 1970s. Nigeria will eventually make it happen. The slow growth is what is needed for the city to grow organically.
The quality of your video is mad. Amazing stuff
Great commentary on this! Very important!
For all the modernity of this district, why are there no rail lines there. Can you imagine trying to move round the financial district of Hong Kong, Singapore or any other major commercial hub around the world?
You did examine pace of construction which being polite can be described as "sloth-like". One does wonder will it ever be completed? Compare that with what's happening in Bangkok (Thailand), you will see we have "fallen right off the pace!"
The fact is Lagos isn't immune to the troubles of the turbulent economy and until government decides to follow improved policies this project will continue crawl forward at a very slow pace.
Thank you for asking and answering so many questions about this project.
@DemiKhay Africa TV Thank you DemiKhay Africa TV.
Thanks for bringing this to our notice again. We need to keep reminding and pushing so projects are completed. One day our cry would be heard. Thanks Steven for this amazing information. Really lovely
Great one.
Thanks for the update.
Nice explain man!
And very detailed too!
The comment about Potemkin village is so correct. If people working there can't afford to live there, you are driving up traffic. Any urban development should guarantee that most people can get to most of their destination within 15 minutes. Just building a mini city with no proper train infrastructure, public transit infrastructure, bicycle infrastructure is not sustainable. This is just a project for the ultra rich. Why copy Dubai or America sprawling when there is Japan, Netherlands to look at?
Yh I agree and the prices are extremely high my god ,how are they going to sell to 200 thousand people this apartments where even the 99.9%of the population in the UK cannot afford places like this ,how can the local pay for $1.5 millions for an apartment, in my point the hardest part for this project is going to be selling those apartments in my opinion.
Nigerian so called leaders are clueless and without vision. Perhaps it is by design. No trains and no buses ensures poor people are kept out. When Nigeria implodes and the poor begin to eat the rich, do you think they want to be easily accessible?
Most Nigerians can’t even afford Ikoyi or Maitama (most houses there are vacant) but they want us to believe this will benefit the masses that earn roughly $5,000 per year or less lol
This project is for foreigners who will take over the place and keep Nigerians out. Don’t be surprised you’ll see “no Nigerians/Africans allowed” posted in their cafes, restaurants, and night clubs.
Honestly
Japan
China
This people are very innovative
@@Braimoh U're right. Japan is extremely innovative when it comes technology. Singapore too. A country with issues similar to Nigeria and In 30 yrs, they have changed the course of their history for the better. Nigeria is at a high risk of a water crisis and haven't even taken aggressive steps to course correct. Its sad.
Nigeria really needs to adopt a Singapore model
Totally enjoyed watching this.
I enjoyed watching this. Very informative. Thank you and well done. 👏🏿👏🏿👏🏿
There should be more of it. Thanks for the review
Pheonix tower is also under construction, you did not mention that.
The question should be: why is the price inflated? at $1.5M in Malaysia(KL)/China (bin)/London/Paris, just imagine the heaven u will get, compare to what Nigeria will offer at the same price, which is why the project hasn't gone anywhere since 2002/2009. Even development in Nigeria is overhyped. Compare to what u will get in Kenya/Ghana/Namibia etc.
Exactly
It’s just corrupt with no regulation. Who will pay $1.5 million just to be in a country without good healthcare, insecurity, and the real possibility of civil unrest and civil war breaking out at any moment. Your investment will not be safe, no matter how “good” the economy may seem.
Ghana for west Africa
Kenya for East Africa
Namibia and Botswana for Southern Africa, etc
@@goldenismonica1522guy rest the investors have invest their money and they know what they see before they do so, you can not tell them otherwise because they've do all the analysis before they invest billions of dollar there.
They simply build it for foreign investors to attract them and come to Nigeria and the project is funded by private investors. Stop complaining about everything yet you are not doing anything to make improvement, those countries you are talking about start somewhere so if you run go there who will build your own country?
Good one Steve, nice job. Keep it up.
I knew this was going to be a problem from the beginning. will any of these multinational companies pay their employees at least $100000/ year? based on the prices of the apartments in Eko Atlantic, you need to be making atleast $100000/year. which means most of their workers will be living on the mainland and commuting to Eko Atlantic
Most living there will not be black Africans!
this is a good point. companies shouldn't lowball their workers because of the strength of the dollar compared to naira. pay them equal.
Wonderful vision. But dont also forget that human technology cannot stop the forces of nature. No matter the strength of the wall, it can still cooperate with nature and give way someday. Wishing you all the best 🙏🏻
The delay is going to cost the developers 10× the original estimated price. We have seen similar delays on power plants projects here in South Africa.
Maybe you should look for original developers and ask them what happened.✌️
This one thing you always see reoccur through out Africa always delay after delay you will never see this in Europe or Middle East why must African infrastructure take so long to complete
@@eniolabakare6839 because by design Africa is primarily a consumer continent, very little of anything is actually manufactured there. So starting costs to build in most places in Africa are much higher than in anywhere else in the world, almost everything has to be sourced elsewhere and brought there to begin a project, this often includes suitable workers, foreman, engineers and supervisors for the projects as well. Poor infrastructure to transport supplies and equipment to the job site causes more expense. A presence of insatiable corruption at the top is another major extra expense as many hands need to be greased in order to keep the project from being purposefully bogged down in red tape.
@SynergyEnergy
we are just so backward in Africa 🤦🏽♂️
@@okoriesolomon7797 yes you are right, which is why me, you, our children has to make the change(become producers, investors etc) and the continent will be great again.
It is not just beyond the affordibility of the average Nigerian, it also beyond the average American.
If the expense is the reason for the emptiness, then it is overpriced.
It is a dangerous pkace mot safe. So close to the sea. You will sleep there and wake up unfer 💧 water.
All the lands have been sold already. In fact, some of the finished apartments have been bought. What's left now is for buyers to start building which some of them have started.
@@PepTalkTillYouDrop keep tickling yourself
@@PepTalkTillYouDrop for obvious reasons, you missed that part where he said there are 21 lands still up for sale, just go to 04:19.
Steve O, well done o! You're doing a good job my brother, please carry on.
The justification of the high land value because it's reclaimed land is not enough... You can buy an apartment in Tokyo bay on reclaimed land for less than that ... And in Tokyo you have access to transportation, services, healthcare, education ...
Hahah. All this must be a joke
I have mixed feelings when it comes to Eko Atlantic. It's good in terms of environmental protection but bad in terms of socioeconomic imbalance in Lagos/Nigeria. Thanks for clearing the air, Steve.
If good for the environmental protection of that area but another coast line would definitely feel the impact.
@G best they can do is simulate but they definitely don’t have the data to simulate with.
I’m sure they’re seeing the impact around by now in places like oniru and environs.
What’s wrong with you Nigerians, always complaining
@@akinoladamilola5021 smart brother 👏🏾. Most people many not understand impact assessment elsewhere along the shoreline.
For those who are customers of the therapy med spa in Eko Pearl in Eko alantic, this warning is for you, the owner of the therapy med spa in Eko Pearl in Eko alantic is a witch and a prostitute and if you are ready to loose your husbands, for the women she can distroy your beauty just to make sure that you die in pain and slowly, she can also set your husbands and children up just like she did to the contractor lady who cleaned the therapy med spa, she paid the people where the lady stays to drive her away thinking that she will lead them to her family members so that she Tayo Ibrahim zibiri and her husband can murder them which she didn't do because someone inform her of their plans and Tayo Ibrahim zibiri and her husband have paid their hired assassin to rape and get this lady contractor pregnant where she stays, now Ibrahim zibiri and his useless and prostitute wife are fighting this lady because she is poor and every where that she seek for contract Tayo Ibrahim zibiri and her husband have been going there to tell them not to give her the contract and I saying this, Ibrahim zibiri and Tayo Ibrahim zibiri after you finish burying your whole children, you will die a miserable and a painful death and if you think that your jazz will turn it like you have been sending your hire assassins to do then you fail this time because we also know that you knew her even before she cleaned for you because you sent your hire assassin to murder in the year 2020, we are watching you, for you in Eko Pearl in Eko alantic, Ibrahim zibiri and his useless, prostitute wife are gboko haram and since you all have been warned and have refuse to do anything about it, then on the that Eko Pearl in eko in eko alantic collapse, then you can die with them because birds of this same feathers flowns together, anything that will happen let it happen now because for you Ibrahim zibiri and Tayo Ibrahim zibiri the battle line is drawn
Thanks for the presentation. I happy that the project is materializing as planned. It will take many year to have everything in place.
Great video! It's a project of great benefit to Nigerians.
Very insightful. Thank you
CORRUPTION - A simple answer to a complex question.
I wish the government will see this video and read the comments under it. Thanks Stephen you are doing greatly
It's sooo sad to see all the potential Nigeria has. I blame the money abusers 🥺😢💔🇳🇬
The success of this project will be hinged on how good/better our economy becomes over time and most importantly the exchange rate becomes stronger against the dollar. If Nigeria works then Eko Atlantic blossoms. Thanks for this video
The game changer for Eko Atlantic shall be the commencement of construction and completion of the new US Embassy complex that is scheduled to be sited there..if the Embassy project is completed it will trigger numerous other developments on the peninsula..but unfortunately all financially out of the reach of the average Nigerian..
And more means to exploit 9ja, knowing they already have in mind third world citizen would wanna immigrate, why persuade them to pay for visa application fee?
Simple things should be kept simple.
9ja my country, peace ✌️
Having a US embassy of an island is literally inviting the coloniser onto your land, it's a horrible idea, 'embassy' my arse, it's a military base.
Nigeria must focus on tourism and earn hard currency ! Yes many Nigerians can't afford this but this will create jobs plus bring in tourist and that will open more projects
The city is majorly to housed offices and business. The complain that the common man can't stay there is not valid, city are not definitely built by private developer for people that can't afford it but ultimately, the poor and middle class always benefits in the form of jobs and business opportunities
this video was very informative....great work bro!
I love this project and I can't wait to see it myself kudos to all the family making this real
Despite the good concept, the price points were the dumbest thing about Eko Atlantic City. If completed, like northern parts of Beirut, it'll only be good to visit, not live there.
This is not a joke at all. This project is EXPENSIVE. How can one do due diligent about the land or property!
Nice video Steve 👍
Thank you Steve for your incredible work for our beautiful country ❤️ Thank you so much. Shout out to Giant of Africa 🌍 My own Nigeria 🇳🇬
I was literally still wondering what this place looks like now since the last time I visited. Thank God for CZcams and great minds like yours
I see progress and I believe the world will be amused when the progress becomes rapid
I appreciate how well thought out your contents are, thank you for that.
For those who are customers of the therapy med spa in Eko Pearl in Eko alantic, this warning is for you, the owner of the therapy med spa in Eko Pearl in Eko alantic is a witch and a prostitute and if you are ready to loose your husbands, for the women she can distroy your beauty just to make sure that you die in pain and slowly, she can also set your husbands and children up just like she did to the contractor lady who cleaned the therapy med spa, she paid the people where the lady stays to drive her away thinking that she will lead them to her family members so that she Tayo Ibrahim zibiri and her husband can murder them which she didn't do because someone inform her of their plans and Tayo Ibrahim zibiri and her husband have paid their hired assassin to rape and get this lady contractor pregnant where she stays, now Ibrahim zibiri and his useless and prostitute wife are fighting this lady because she is poor and every where that she seek for contract Tayo Ibrahim zibiri and her husband have been going there to tell them not to give her the contract and I saying this, Ibrahim zibiri and Tayo Ibrahim zibiri after you finish burying your whole children, you will die a miserable and a painful death and if you think that your jazz will turn it like you have been sending your hire assassins to do then you fail this time because we also know that you knew her even before she cleaned for you because you sent your hire assassin to murder in the year 2020, we are watching you, for you in Eko Pearl in Eko alantic, Ibrahim zibiri and his useless, prostitute wife are gboko haram and since you all have been warned and have refuse to do anything about it, then on the that Eko Pearl in eko in eko alantic collapse, then you can die with them because birds of this same feathers flowns together, anything that will happen let it happen now because for you Ibrahim zibiri and Tayo Ibrahim zibiri the battle line is drawn
It's so sad. I like nigeria, has worked here many times around Abuja, have seen the great potential of the country. But i have seen thousands of empty new homes, bad infrastructure, bad watersupply, bad energy supply, al lot of rubbish along the street and people who a busy surviving all day long.
EKO Atlantic doesn't solve any problems of Nigeria. More important is a stable energy supply and energy efficient handling with it, developent of new energy systems like wind turbines, solar, solarthermy, biogas plants, a stable drinking water supply for all Nigerians and 100% waste water treatment, develoment a organic farming, a good public transport system..
But it's first fight against corruption and equitable distribution of income from all oil sales.
A investment in educucation is better then EKO Atlantic.
Good save Nigeria!
Best regards from Germany!
God save Nigeria :)
Whoa this is really some serious shit , the civic engineering and architectures are just so advanced, thanks for that beautiful information sir
This guy is Best he always gives facts updates
Brilliant concept.
As a Town Planner myself. I'm optimistic of the potential it will bring but on the social sphere, it projects increased social stratification. We await.
@G done enough to have a say on this regards. Thanks.
that's a really huge and controversial project, thanks for the updates.
Hopefully one day, average Nigerian families will be able access property in such development project.
keep up the good work brother !
Sir, you have a great dream but truth is that there is no place on earth where the average citizens can afford million dollars homes..Even in US, UK, Canada, China, UAE and others..Even in some of these countries, the citizens only option is to get mortgage and mortgage their lives for life..So the question of average Nigerians owning homes in Eko Atlantic May never happen..Average Nigerian should start at Lekki, Ikorodu, Surulere, Ikeja etc..Whether we like it or not, this is how the world works
@@proudlyafrican6240 I'm telling you
Anywhere in the world you live according to your standard, it's never a controversial project, every infrastructures are on ground ,if you have money go and buy your land and start your project
@@proudlyafrican6240 then why building millions dollars home when this is not what the country needs ? their are thousands of empty flats all around lekki, Ikoyi, Victoria Island ... none can afford them.
My issue is, why would I spend that much in a place that's not sustainable (we Nigerians know that maintenance here is silly).
Lagos state is full to the brim 20/30 years ago, the only way to make the infrastructures work and add real value to the properties is find a way to decongest the state.
Yes, finally someone is stating the obvious. It seems silly over-stuffing an already full can of sardines.
You do realise real estate is expensive in Lagos because of the high demand for affordable housing in the city.
@@onweobinna2644it’s expensive due to scarcity. Then ask yourself why it’s scarce.
You will make this happend Nigeria, much love from Sweden!
Intrested
Steven this is great recap of what is going on. Its so sad that all this infrastructure dose not serve to its own people. So many jumps and lack of engagement with people and communities in what their real needs are. Love your sincere reporting and care. Thank you for sharing 🙏
Thanks for watching💪
With all due respect, rather interesting how some folks can tell that “this infrastructure does not serve its own people” and decipher what the “real needs” of our communities are better than those of us daily on the ground and actually from the aforesaid communities. SMH 🤦♀️
@NFT Daily News I totally agree with you. For example, Manhattan is an Island in New York city and only few people can afford to live there, but it provides a lot jobs and opportunities - skilled and unskilled for thousands of people that commutes daily to this USA financial hub. Not being able to live somewhere does not mean you cannot benefit in other ways.
@NFT Daily News Could is your word but truth speaks for its self. 20 years you can ask its people if they are happy and live abundant lives, this recap Steven did is great. Speaks for its self. facts speak for themselves. You can check his video from Cross River State as well. Engagement with people and communities brings happiness and caring and supports life. Many blessings of love 🙏
B
Nice work
Educative and informative
Dubai would have had this up and running in five to ten years. Something has gone wrong and nobody is telling.
Places like Dubai are doing things the right way, Nigeria loves working backwards. The first thing you do if you want to build a new city is to attract businesses and not apartments.
@@obinnaezealah2465 I just tire.
Dubai did have the buildings up and running quickly. But you know what happened afterwards? The buildings sat empty for years because they built too fast. Organic growth is also important
Even Dubai's fake man man islands have all been abandoned too...you can't cheat nature and rising sea levels
Dubai is rich....buts am sure the project will be something by 2030
We need these new cities in Africa, comes with small,small negativity ofcourse but the positive side of it is so huge. One can not ignore.
Don't need new cities, we need to fix old ones.
Be careful of what you ask for,these incompetent leaders may be selling our lands in our eyes 🤔🤔
@@derickofodirinwa5104 no we need to do both
@@elijah5682 I still disagree. When you build new cities, economics and humanity has it that attention will shift. The prices at the previous city will drop. Their tax revenue will drop. Property value (#1 source of accumulated wealth for ordinary ppl) will drop. The new city will only be affordable for the rich. The rich, who are not homeless, will use it to accumulate 2nd-4th-9th houses. It will contribute no additional wealth. But if you take your city that's already there, already proven it's economic viability, and invest your 'new city' money into renewing the old city, all of the property owners (regular people), will see the value of their investments skyrocket and you create several new rich people. The Dubai/China style city that's planned from someone's head has proven again and again to not work. Many like the aesthetics of a new city and that becomes more important than the logic and practicality. Nigeria already has a fully functioning planned 'new city' called Abuja. Abuja's existence has not impacted the lives of the average person, and is primarily a place for politicians to buy multiple houses. It nice and modern but the immediate impact on even its surrounding communities has been what I described previously
@@derickofodirinwa5104 Name me one country that is a first world / developed country today that didn't start with building new cities or at least one new city. Lemme name a few that did build new cities or did a major upgrade n it turned out to be the best thing to have ever happened in those countries. USA - New York, China - Shangai, Ghuanzou and Shengen, UAE - Dubai and Abu Dhabi, Italy - Milan, most these cities are not original capital cities of these countries, they were build later with a vision to revolutionise Trade, Tech, and research and some were designed as tourism herb the main purpose was to boost economy and to create new jobs in those countries. The rest is history , won't say much.
Is this Eko Atlantic city easily accessible to Lagos airport? If not then you can forget about international investors locating there. For comparison, Canary Wharf here in London's second financial district has its own small international airport nearby called City airport and also Heathrow airport can be reached directly via the newly opened Elizabeth rail line in around 40 minutes.
Very educative page. Well done Steven
To be honest, this video obviously had a lot of work put into it, and it's paying off. This was REALLY well done, good job!!
Thanks for watching
All the current signs for the economy point to a global recession and collapse of the real estate market. Eko Atlantic is stifled due to a clogged pipeline of investment and cash flow. One of the tragic parts about Eko is the absence of advanced transportation infrastructure. Many investors see that as an impediment to attracting homebuyers and commercial activity. No one wants to pay that much only to have choked traffic substandard automobiles and poor air quality be repeated in what is supposed to be an upscale development. Hopefully, this will all be worked out so that it is at least affordable for Nigerian and Black professionals from around the world. Something has to be done so that Diasporans will be encouraged to take up residence and business ventures in Eko.
Even diasporians can't afford this ridiculously overpriced place with basic amenities 🙄 the hype just doesn't justify the investment. I see this going downhill real quick, because for the prices listed you can get something so so much better in a developed country.
@@purplehaired_girl1174 like where excatly? To build this things in Africa is more expensive. But watch and see when it comes life in our life time
@@purplehaired_girl1174 yes the average diaspora might not be able to afford it.
@@williamsolawale4208 and yet Africa is the country that supplies the raw materials for a majority of these products built. We have to be honest with ourselves and stop charging a premium for basic amenities, for the price they are offering for these buildings you can get something much better in Lekki, Ajah, VGC etc. It is just expensive because of the "location".
@@williamsolawale4208 even wealthy Nigerians would not necessarily want to put in so much into something that doesn't offer that much. Rich people are not stupid, if they were they will not be rich.
Good job Steve!!
Eko Altantic is a money grab for the govt. Why does it take 13 years to complete a project of this magnitude? and what happened to the allocated for the project the entire time
African should stop investing in those things for now... The should invest in constructing industries and invest in agriculture... Instead of building those things that we do not currently need
A very impressive take on this city. Good to learn about the wall’s infrastructure
Thank you for sharing !
Love your videos man. You really do your homework. So informative. The angle you tell regular stories from, is unique. Keep it up bruv.
💪
Building luxury housing for a country that desperately needs affordable housing was a moronic idea....the demand isn't there...that is why the area hasn't been developed....regular people can't afford to live in this location...
Impressive 👍 I think almost all the states in Nigeria has there own plan cities like Anambra get awka millennium city going on now
Nice video! looking forward to more
Awesome and very delicate project. Thank God for Lagos state. Thank God for the federal republic of Nigeria. Thank God for the great engineers. May Life bless you all. 🙌
Certainly one of the most exciting mega projects on the continent. It's a pity that most of the advanced infrastructure will be enjoyed by a few. It will certainly take time to reach completion and will serve as an interesting case study for future cities of it's kind around the continent. Great Video. Very informative.
For those who are customers of the therapy med spa in Eko Pearl in Eko alantic, this warning is for you, the owner of the therapy med spa in Eko Pearl in Eko alantic is a witch and a prostitute and if you are ready to loose your husbands, for the women she can distroy your beauty just to make sure that you die in pain and slowly, she can also set your husbands and children up just like she did to the contractor lady who cleaned the therapy med spa, she paid the people where the lady stays to drive her away thinking that she will lead them to her family members so that she Tayo Ibrahim zibiri and her husband can murder them which she didn't do because someone inform her of their plans and Tayo Ibrahim zibiri and her husband have paid their hired assassin to rape and get this lady contractor pregnant where she stays, now Ibrahim zibiri and his useless and prostitute wife are fighting this lady because she is poor and every where that she seek for contract Tayo Ibrahim zibiri and her husband have been going there to tell them not to give her the contract and I saying this, Ibrahim zibiri and Tayo Ibrahim zibiri after you finish burying your whole children, you will die a miserable and a painful death and if you think that your jazz will turn it like you have been sending your hire assassins to do then you fail this time because we also know that you knew her even before she cleaned for you because you sent your hire assassin to murder in the year 2020, we are watching you, for you in Eko Pearl in Eko alantic, Ibrahim zibiri and his useless, prostitute wife are gboko haram and since you all have been warned and have refuse to do anything about it, then on the that Eko Pearl in eko in eko alantic collapse, then you can die with them because birds of this same feathers flowns together, anything that will happen let it happen now because for you Ibrahim zibiri and Tayo Ibrahim zibiri the battle line is drawn
Good video Steven Ndukwu, love and greetings from the Netherlands always.
😭
Also greetings from the Netherlands
Lovely. I love your videos 🙌🏽💯
The Anglican Church For All Nations is the first Church built at Eko Atlantic City. The piling for the Main Church building was completed in 2019. The Chapel was completed in 2021 December and dedicated for worship in January 2022.
Na church go kpai una. Too much uselessness for that kontri.
Hi Steven I’m messaging all the way from the UK, bless for sharing this content about the Edo City Atlantic Project, I have been watching the development of this for some years although it’s been taking its time to progress I do understand you can’t rush this project as with this it takes time on infrastructure an commerce I do believe it will work out well in time but this really caters for the high rich elites of which I feel has that unfairness as people who work hard would love to acquire land there but it’s too way expensive ! I feel that needs to be looked into for our people before foreign investors, to give the normal people of Nigeria to have that advantage an opportunity to take a piece of this project as well purchasing land
Steven thank you for sharing this. One I stay in Lagos and Lagos alone is very expensive, and I can say that one of the biggest problem in Lagos is housing an with more than 20million people staying in Lagos so real estate is on the high side. So Eko Atlantic is very expensive to buy or to think of building a house. Secondly I think Eko Atlantic is not made for the poor. and most developer in charge of the project want to make real money from this project! My point is that this place can not grow because is expensive! Once again thank you steven!
Exactly
Totally agree with you
@@togorealestate228 Thank You!
@@StevenNdukwu That is just the basic true bro!
It makes you ask who exactly are they building it for.
Waoh! So interesting. I have now reconsidered my reetirement in Lagos having lived in the US for so many years.
Very good because it's all sounds interesting my brother.
Also for a city like this to work they need to move the international airport to the lekki ajah area because no foreign National will want to land at that joke of an international airport, then drive through the dirty streets of the mainland, drive across third mainland bridge with a full view of makoko slum, then pass through Lagos island, VI, before getting to Eko Atlantic. Give or take traffic conditions this could be 1 hour to 3 hours spent on the road.
They should relocate the airport to lekki ajah and then build a light rail system that will then connect all the way to eko Atlantic, with stops in between of course. Or build a feasible highway that will allow you get from the new airport to eko Atlantic in one hour or less.
The idea is good on paper but there are too many elements missing to make this a successful project.
Take care of the poor and working class and all basic infrastructures and securities, and the rest will sort itself out.
wonderful piece
As we speak there's only on road connecting Victoria Island to ajah all the way to ibeju Lekki and epe, just one road o, and we all know how congested that axis is. To make it worse the coastline which would have been used for a super highway starting from Eko hotel has been sold to estate developers. There are hundreds of estates on that stretch with just one access road. It's very pathetic
There is plan to build another international airport in Lekki axis
Well done Steven. You are doing great. Proud of you.👍🏽♥️
Yeah, I am with you on that, Joshua! Steven is a perfectionist, and he is a master story teller, too!
Interesting. First time I’m hearing about this project.
GOD bless the minds that will grow and sustain this project.🙏🏿 So much potential for This project 🤲🏾
I ask this question some few yrs back but one of their staff was insulting me for asking ....the land are too expensive and the kind of house or structure to built on the land is also expensive .I think Nigeria should sell Eko Atlantic city to a foreign real estate company .
Never... let Dangote or TAF finish it and sell houses to middle class people.
@@josephjames6339 Dangote is broke now ,he just finished building the biggest refinary plant in Africa,I don't think he will be able to handle Eko . But if you give him some few yrs maybe he can, I suggest.
@@josephjames6339 No. Lagos doesn't need another middle class rat hole, it deserves an upscale skyscraper district.
@@josephjames6339 No. Lagos doesn't need another middle class rat hole, it deserves an upscale skyscraper district.
@@victortomorrow8159 he is not broke. He just has his money tied in other projects.