WHY THE U.S. CONSULATE IS IN EKO ATLANTIC CITY? NOT A FAILED CITY, - watch to the end
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- čas přidán 8. 04. 2024
- #ekoatlantic #lagos #yacht #ocean #nigeria #city #ekoatlanticcity #development #realestate #future #futurecity #africa #africahub #luxury #canal #ekoall #construction #shore #shoreline #shoreprotection
This is not a failed city; it's a city for the future. Do you know that 85% of land in the Eko Atlantic City is already sold out? That is amazing!
The original plan for Eko Atlantic City was not to build properties but to sell the land to investors who could build on it. Many investors have bought land there and are currently holding onto it as a store of value, with the option to sell or do joint ventures in the future.
Despite not being fully developed yet, it is not a failed city, but rather a city with a lot of potential for growth in the next few years.
Private individuals already have homes and villas in the area, and many developers have begun doing joint ventures and purchasing properties. The success of the city relies on the people who invest in it and build on the land.
We hope this helps.
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Those who bought Land early in Eko Atlantic City are smartest INVESTORS
Absolutely
We need to stop tribalizing everything good.
Eko Atlantic vision might have come from Tinubu but this is PPP project and obviously by default Tinubu might get his allocations within the city, which Visionaire won't ask for what it is in for him or her.
Without the Eko Atlantic City reclamation there won't be Lagos Island in the next 20years, the Ocean was eaten up the land already and it cost $ Billion to reclaim and it means the land would be expensive.
Please open your mind and see the future and be proud
I couldn't have said this better
Just remove tribalism and view it as a government project not a personal project
Thank you for your comment.
Nice place,one love from Ghana 🇬🇭
Thanks for watching
Absolutely Owusu our Ghanaian brother
We need well-meaning Ghanaians like you for Ghanaians and Nigerians to be able to build a strong, mutual and win-win relationship. Your comment earned a like from me.
its funny how some set of people are quick to condemn this project, They think rome was built in 50 years.
Please tell them ooo😂.
It is a city, not an avenue or a district
But Eko Atlantic is not Rome,it's a failed white elephant project.😅
yeap in 10 years this will be a major city, I def want to get a condo there.
The beauty and strength of Eko Atlantic City is that it is not being rushed. Eko Atlantic is organic and it should be allowed to grow and flourish naturally. The easiest way to kill a project of this magnitude is to rush it or 'force' it. The naysayers should leave the project alone.
Absolutely Mr Fred 👏. You got it spot on
Thank you for saying this.
😂
Not being Rushed 😅😂🥹at this rate it will take a century to develop. You need massive infusion of capital to get this done and foreign investment is not interested .
No capital
Thanks to former Gov Bola Tinubu, now President Bola Tinubu
President Bola Tinubu saw the vision and plan, but you need credible and competent people to help you fulfill your vision and execute it perfectly.
So credit all the bodies that made this possible. Especially Gilbert Chagoury, The Owner Of Eko Atlantic City.
Omo i will be among the 1% nigerian🇳🇬 to live inside this city
Correct Guy, 😂 that is the mindset we all should have, my brother.
Why not hope most of Nigeria is like this ?. That way you don't have to sell your soul to make money 🤷🏽♂️
Amen, me too
The Biggest U.S Consulate Office in the world is in Eko Atlantic City, Lagos. Amazing
It is common for the CIA to have a station within an American embassy.
There are not only spies but also saboteurs
Amazing ko na their papa land abi why he no dey us ffs
Na dem no dey give visa 😂
@@emmymuchie2387them just dey use us cash out!
Yes, Davido recently bought a land for the future development for his family 👪 in Eko Atlantic
Why most private developers are making slow progress in Eko Atlantic:
We do not believe it is an abandoned project, it is tough and challenging for Private Developers to start projects in Eko Atlantic City.
Most of us, we did not know or foresee how challenging it would be, we thought it would be definitely the usual that we are used to in V.I., Ikoyi, and Lekki Phase 1.
In Eko Atlantic you have to go through so many checks with your building approvals and have to spend a lot working with approved internal QA & QC consultants to peer-review your drawings one after the other, which can take over 6 months or more.
Then comes the challenge of finding off-takers to buy your Condos considering the way most Nigerians both local and diaspora still feel about Eko Atlantic, worrying about when the whole place would be livable.
So as a developer, if after you spend your equity to acquire The land, design, and plan at the end of the day, the off-takers are not forthcoming and you need some good funding to kick off the project ground with a competent Contractor, then you might be stuck.
In Nigeria, you do not want to take a loan from a commercial bank, it is a KILLER with a double high interest rate.
So a lot of factors and more.
But eventually, those projects will kick off, might be slow and longer, but they will be built.
Hope this helps a bit.
Absolutely Mr. Jide,
You got it spot on it.
At some point, some people wrote off Banana Island.
Same Banana Island has the 3rd most EXPENSIVE land in Lagos now after Bourdillon and Eko Atlantic City.
Amazing City
Indeed!
Absolutely
Thanks very much for showing us the progress of this beautiful and worderful project which is Eko Atlantic. As Nigerian and Vlogger, I want to show this project for my french followers, and I will very happy if you allow me to use some part of your video and of course put the name of your channel as copyright on it.
Sounds good. As long as you do that. Nigeria and City need more publicity 👏
All the best and we can't wait to your vlog post
@@periwinklecondos thanks
@@felixolaogun you are welcome Sir.
We will be happy to leverage on yours too.
#ekoatlantic #lagos #yacht #ocean #nigeria #city #ekoatlanticcity #development #realestate #future #futurecity #africa #africahub #luxury #canal #ekoall #construction #shore #shoreline #shoreprotection
This is not a failed city; it's a city for the future. Do you know that 85% of land in the Eko Atlantic City is already sold out? That is amazing!
The original plan for Eko Atlantic City was not to build properties but to sell the land to investors who could build on it. Many investors have bought land there and are currently holding onto it as a store of value, with the option to sell or do joint ventures in the future.
Despite not being fully developed yet, it is not a failed city, but rather a city with a lot of potential for growth in the next few years.
Private individuals already have homes and villas in the area, and many developers have begun doing joint ventures and purchasing properties. The success of the city relies on the people who invest in it and build on the land.
We hope this helps.
Isaac, that is a very nice proposal brother. It is never too late, it can still happen.
However, to get Formula 1 to come your track or country it costs billions of Dollars, which sometimes is funded by the government of that Country, like Qatar and Saudi do.
However, other less expensive proposals can bring life and attraction to the place.
Please also note that reclaiming Eko Atlantic Ocean was privately funded so the developers would want to pay the loans back within a record time.
The place is currently 85% sold out And just like when you are buying land in Ibeju within an estate there, most buy to keep and resale later or start buying when you are ready.
Even bought the land for GENERATIONAL WEALTH.
Thank you
I don’t understand. This is looking like many parts in Abuja. Well this is the beginning. Let’s see how it all goes. Good work.
This city is the reason or at least one of the reasons the new Coastal Highway is being built.
I doubt your claim. The Coastal Road has been planned even before Eko Atlantic City was thought of in 2012
It might contribute the value of Eko Atlantic City and make its vision a reality but not entirely because of Eko Atlantic.
Mind you the road does not enter into Eko Atlantic City.
Small mind... So that people that will be living and working in Ẹ̀kọ́ Atlantic City can easily travel to Calabar to and fro... Is that the reason? That's why many of you can never progress in life. You see everything with your myopic eyes.
Sir,
This is not the real figure of the current prices of land in Eko Atlantic City.
Prices range from $2,500 - $4,500 per sqm depending on the location of the land. Waterfront Land is more expensive and the land close to the U.S. Consulate Office is priced higher too.
The normal central land is cheaper including the land close to Amudu Bello Road.
Hope this helps.
Periwinkle Condos, thanks for the clarification.
You guys really have in-depth understanding of Eko Atlantic City.
Bravo guys 👏
Thank you for the information.
Banana Island Currently goes for btw $1,000 - $1,500 sqm so if Eko Arlantic is from $2,500 per sqm makes a better sense considering the superior infrastructures in place
wawwww🇳🇬🇳🇬📊📈🇳🇬🙏👍💪
Thank you 👏
So I asked Chatgpt :Is it true that the US usually build their consulates near a water body.
Chatgpt: It's not a strict rule, but many U.S. consulates are indeed located near water bodies for various reasons such as historical significance, accessibility, and security considerations.
Well then if that is anything to go by, you kinda got that fact right. And indeed that is a unique selling point!
Anyways, thanks for the updates, indeed many questions have been arising, I mean is it 15 years after, what way will someone not think.
I think you overdid the "it's beautiful, beautiful" bit because again beauty is in the eyes of the beholder, for instance for me beautiful is seeing all the buildings built as was in the original promo video of many years ago.
I get it : Periwinkle Condos, this video is a way to promote what you have, cheers for that!
OK I get that this is for the 1% we can be glad that the bottom 20%will also be employed there!
Thank you, Sir. We are glad that you fact-checked us.
Absolutely, in the future Eko Atlantic will receive over 200,000 commuters daily, and like you mentioned the 20% would be living with their bosses without even paying for rent 😊😊
@@periwinklecondos, that's true, you're right, they will.
BTW, Nigerian watching from Kampala Uganda.
How soon are we likely to see the next set of buildings at least any new set of multistory buildings, skyscrapers, since that's what most of us "ignorantly" including yours truly here not minding the billions already sunk in the sub-strucuture? :)
Oh My People believe AI over Humans
😍
Eko Atlantic City Is definitely built for the 1%
If you look down on yourself don't look down on other people..
.. Is it 1% that will be employed there? Must everybody in Nigeria go and live in eko atlantic? Are you even thinking about thousands of people that will work there? Or thousands of people that will come from abroad and go for tourism there?
Start thinking outside your space, stop being selfish..
@tuneryclassic8749 oga calm down he's right it's definitely built for below 1% is like u don't k 9ja people that will get employed there will still be from rich backgrounds and not masses think before spitting
Just understand that eko atlantic is our pride, no city like it in Africa..
That city cost billion us dos.
How do you expect them to make the money and profit?
He totally missed the point. Stating it is for 1% does not the rest of people cannot there. Please let this inspire you
Gonand hustle so that you join the one percent.
Its tool cost that is why infrastructure there is slow . for he many years now we can only see 3 to 5 building
It is not that the infrastructure is slow, all the infrastructures are there already.
85% sold Out and most people who bought the Land are not To start building on them and most bought for Future GENERATIONAL WEALTH STORING.
What do you understand by infrastructures...
Can the government begins revocation of some allocations..
Many bought the land, and freeze it without developing..
They are now speculators..
Why the slow phase?
People should learn how things function and operate. This is a private development and govt has no control over the land allocation.
@@olumuyiwaojo3532
So because it's a private business, then they should slow the phase of how things should be done..
While trying to show yourself, you ended up showing your ignorance on public domain..
What a mess, pls get to know how things should be done before disgracing yourself online..
Despite our humble background God has been faithful to us in Yoruba land and we have no cause to listen to any critics from our noisy neighbors in the east. God said He will have mercy on whom He choose to' my brother from the other side accept your fate and move on unless you wan fight God o
Absolutely 😂
@@OluwaseunOjo-bj2zsfools
Egbon mi pls don’t come that way am also a Yoruba guy let embrace ourselves this is the only country we have but every one still know is place
The audio shd have been muted with the music playing in the background, great view but the poor audio is a -ve
I doubt if you can do a better job
You are missing the point.
Funny enough, the city is not at its 50% capacity in terms of maintenance and major infrastructures.
You have to be careful with certain infrastructures you want to have in place for now when the city has our .0025% occupancy rate at the moment.
Otherwise, you are going to have tears and abandoned and outdated infrastructures by the time the city is at 75% occupancy rate and have to spend billions to replace them with new ones.
The developers are smart guys.
I was surprise when my white friend told me all the lands are bought none is left , initial price per square meter was 3000$ now people are reselling at 12000$ for per square meter but no one wants to sell
I doubt this fact
Sir,
This is not the real figure of the current prices of land in Eko Atlantic City.
Prices range from $2,500 - $4,500 per sqm depending on the location of the land. Waterfront Land is more expensive and the land close to the U.S. Consulate Office is priced higher too.
The normal central land is cheaper including the land close to Amudu Bello Road.
Hope this helps.
This place could have been better used for formula One race. That would have been more beneficial to the the country and the people than this white elephant project. Can you imagine the benefits that would accrue to the country and people from having a world class formula One race track on this facility? There’s no greater tourism hack than that. Unfortunately, we have political leaders who are not visionary for the most part.
Isaac, that is a very nice proposal brother. It is never too late, it can still happen.
However, to get Formula 1 to come your track or country it costs billions of Dollars, which sometimes is funded by the government of that Country, like Qatar and Saudi do.
However, other less expensive proposals can bring life and attraction to the place.
Please also note that reclaiming Eko Atlantic Ocean was privately funded so the developers would want to pay the loans back within a record time.
The place is currently 85% sold out And just like when you are buying land in Ibeju within an estate there, most buy to keep and resale later or start buying when you are ready.
Even bought the land for GENERATIONAL WEALTH.
Thank you
@@OluwaseunOjo-bj2zs 👍🏽
What a beautiful idea. Can you imagine Lewis Hamilton and the rest of the drivers racing in Nigeria. The tourists would be all over Nigeria 🇳🇬.
Sick Isaac …. So if governments need formula one must it be at the beaches and if yes Eko Atlantic is just first phase of reclamation in Lagos ..,, this newly started coastal road project will have so many beaches area to reclaim
@@azeeznurudeenademola2224 You be mugu. No no need to talk with MUGU like you. Na waste of space you be for be for dis life. Abeg, go rest in peace.
do you have information on oak heights? is it ongoing or abandoned?
Oak Heights is a project by Oak Homes Ltd, we believe.
We do not believe it is an abandoned project, it is tough and challenging for Private Developers to start projects in Eko Atlantic City.
Most of us, we did not know or foresee how challenging it would be, we thought it would be definitely the usual that we are used to in V.I., Ikoyi, and Lekki Phase 1.
In Eko Atlantic you have to go through so many checks with your building approvals and have to spend a lot working with approved internal QA & QC consultants to peer-review your drawings one after the other, which can take over 6 months or more.
Then comes the challenge of finding off-takers to buy your Condos considering the way most Nigerians both local and diaspora still feel about Eko Atlantic, worrying about when the whole place would be livable.
So as a developer, if after you spend your equity to acquire The land, design, and plan at the end of the day, the off-takers are not forthcoming and you need some good funding to kick off the project ground with a competent Contractor, then you might be stuck.
In Nigeria, you do not want to take a loan from a commercial bank, it is a KILLER with a double high interest rate.
So a lot of factors and more.
But eventually, those projects will kick off, might be slow and longer, but they will be built.
Hope this helps a bit.
@@periwinklecondos OK. they should make it easier for developers then
They are not maintaining the road. No weeping, no washing . They will wait until it get worse before they act
Wash road?😂 Well you should understand that the Eko Atlantic is not your regular city and the roads are not your regular road. Of any section of the road gets damaged all they need to do is remove the concrete slab in that section and replace it. And yes it's a concrete road. Besides you know what road integrity is,you won't have dropped this comment.
Clean which road. You just have to be patient before all this project owners spoiled the road. Use your head
@emmanuelogundipe3328 Yes. The road can be washed, sir. If you never see it, that don't mean it does not exit.
When the city is 75% occupied, you will definitely see more from facility management and the sustainability would fully come to place.
Right now, only .0025% of the people are paying service charges and need more to maintain a city like this.
In term of time, they are maintaining to their best ability for now.
@@OluwaseunOjo-bj2zs Your agument make sense. But those those are screaming when suggested road and pavement washing........Yes dirty roads can be washed as needed. Even asphalt roads can be washed too.
Baba wetin don your mic? 😅😅😅
😳
The kain breeze Wey dey inside that city ehn..😃
So na breeze too much.
Are ppl living in this city already ?
Yes please,
People are living inside the Eko Pearl Towers and Azuri Towers already.
Yes... People are living in some of the Towers already.
I already see signs of poorly maintained overpriced city.
You are missing the point.
Funny enough, the city is not at its 50% capacity in terms of maintenance and major infrastructures.
You have to be careful with certain infrastructures you want to have in place for now when the city has only a .0025% occupancy rate at the moment.
Otherwise, you are going to have tears and abandoned and outdated infrastructures by the time the city is at 75% occupancy rate and have to spend billions to replace them with new ones.
The developers are smart guys.
Its a waste land...too money went in...
You are wrong about that Vincent, ask more questions so you can be informed. Eko Atlantic is plan for the future.
Nigeria is a funny country. Simple description and ostrich with it's head stuck in the sand.
The future of this nation is great. Allow the same sand to work for you
Rome wasn't built in a day
An unviable and failed project.
It is still a wasteland after close to 15 years. It is BAT and his fellow tribal bigots in Lagos that are going to delay the realisation of this dream city because of their tribal bigotry. No non-Yoruba will build a house in that Eko Atlantic City having witnessed the level of bigotry against fellow Nigerians who are not Yoruba in the last election. Other tribes who are not Igbo have learned a useful lesson and now they know that Lagos is no longer accommondating and so they will join the Igbo to boycott Lagos in the area of building houses in Eko Atlantic City. Instead of finishing the building within fifteen years, it will take more than sixty years to build it as a result of tribal bigotry .Only Yoruba people and few stubborn non-Yoruba will build houses there.This is the plain truth.
At first I was interested in your comment but when you said "tribal bigots" you start to irritate me. Hearing someone point fingers and calling someone a tribalist sounds like what an Igbo man would say. Something you also do in your tribe yet you have the audacity to call someone else a tribalist. You will keep failing if you think blaming Yorubas for your loss of the last election is the next thing to do. Obi won election in several Yoruba States including Lagos but he lost in some Eastern states yet you blame the Yorubas for your failure instead of you to look into your own midst for those who failed you.
You probably don't know it but your tribe is torn between those who want an Igbo man to rule and declare the Biafra nation and those who don't want the Biafran nation because it will jeopardize their investment in Nigeria as a country. I'm not a Tinubu fan but I look at his cabinet and I see Igbos there and yet you call him a tribalist when you and you're people are the ones dividing the nation.
When you see news about a Nigerian doing something great and you see that he is from your tribe, you start hailing Biafra nation and calling him son of the soil Igbo nation to the world. You detach yourself from Nigeria when your people succeed yet you struggle to gain power in the same country you detached yourself from and then blame other tribes for not supporting you, after you've ostracized yourself from them all along. You then seek their support during elections. Very silly set of people.
If there are tribalist in NIGERIA they are Igbos. When Lagos lunched the electric trains Igbos in the east were calling it tokunbo trains out of spite but they also started making plans to make theirs. Who is the tribalist? You fail and then you blame others yet you think your story will change.
You people were crying on social media that your houses were demolished in Lagos and started playing victims, very childish thing to do. You said they demolished your houses because you're not Yoruba. Do you know how many properties of Yoruba people have been demolished in Lagos? I'm a victim of such and I didn't come out to cry because I understand that they're making developmental plans. Do you know how many properties of Yoruba people have been demolished because of the Lagos - Calabar coastal highway? You all just make ridicule of yourselves that's why the government keeps ignoring you. You should be ashamed.
If you want to know why Obi lost the last election go and ask your people in the east and stop pointing fingers.
Said well Emmanuel
Honestly sir, am happy with ur respond to that so-called Igbos bigots. There own is too much... Like everything should just be theirs. I can't imagine people that are so much full of hatred for fellow citizen because something appear not to favor them, then wen it favors them, dey start singing "Hossana". Today, coastal road that will cut across 9 states, which the ministry handling magnitude of such project, being an Igbo man, dey are still accusing BAT and Lag govt of trying to frustrate their igbo brother business. Whereas, in the region that u can hardly here where other tribe allow to invest in their region, is the same east, but other part of the country allow them to settle and do their biz(this account for their present in Lagos, kano, Ibadan, PH, etc.)
Come to think of it, the periwinkle condole that is about to kick start their projects there, the CEO is an Igbo, yet his country's man is still not satisfy. U people needs to let go of this evil mind for other tribe
Basiru, you are right about the owner of Periwinkle Empire being Igboman.
We are investors with NO LIMITATIONS And proud Nigerians.
Thank you
@@emmanuelogundipe3328 I am not an Igbo man but from another part of Nigeria but I saw the tribal bigotry exhibited by BAT and his fellow tribal bigots led by MC Oluomo during the last election. How many tribes do we have in Nigeria? So, is it only the Igbo people that witnessed the bigotry? The answer is no. Why are you so concerned about Igbo people when I am not an Igbo man? There are many detribalised Yoruba people who are nice but the wickedness of BAT and his supporters are going to cost peace loving Yoruba people a lot of things. Do you know that today in Nigeria, when you are talking about tribal bigotry, most Nigerians mention Yoruba people as number 1. Is it all Yoruba people that are tribalistic? The answer is no. There are many great Yoruba people who are detribalised but the actions of a few tribal bigots led by BAT has dented the image of Yoruba people in general. You should be more concerned about how to redeem the image of Yoruba tribe because BAT is dragging it in the mud but unfortunately you guys hale him and call him Jagaban.
Even the country is a failed State. When you see what Egypt has done in the last 7 years, you will understand that this is a perfect example of a failed white elephant project. It will even fail more due to the ongoing demolition in Lagos State and the Igbophobia. The sane Igbo man will invest there.
Betterness go finish you.... You dey carry tribe matter for head like Gala,... Mumu, only Tinubu or Otedola an Mike Adenuga can finish this project if they wish too
Who need you... F***k off
Egypt has the highest dbt in the continent. Do you want to run down our already unstable economy