MTN Nigeria has decided to construct its main headquarters in Eko Atlantic as part of the ongoing migration of large companies to the 10-square-kilometer development alongside Dangote Group and First Bank. A new diplomatic facility for the United States Embassy will be constructed in Eko Atlantic because the district offers high-end infrastructure alongside modern office spaces within a well-designed urban setting.
CEO Karl Toriola from MTN Nigeria officially disclosed on Wednesday that the company would construct its headquarters in Eko Atlantic following an initial announcement four years earlier. The construction of its headquarters makes MTN the first telecom provider in Eko Atlantic which demonstrates their belief in building a premier business district in Nigeria.
Our organization will dedicate itself to long-term investments within Lagos beyond providing connectivity services. The company’s commitment involves purchasing land in Eko Atlantic City as well as initiating construction when they obtain the necessary equipment according to Toriola at the MyLagosApp launch event in Lagos.
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Eko Atlantic City was launched in 2008, with land reclamation starting the same year. Located next to Victoria Island, Lagos’ main business district, it aims to become the city’s most advanced commercial hub. With its modern infrastructure and strategic location, Eko Atlantic is attracting corporations, real estate investors, and high-profile organizations looking for a well-planned business environment.
Toriola did not disclose the construction cost, but sources familiar with the matter estimate it to be in the millions of dollars. Land prices in Eko Atlantic City—divided into three phases— vary based on size, location, and intended use. Phases 1 and 2, designated for mid- to high-rise developments, have plot sizes starting at approximately 2,200 square meters with a starting price of $1,150 per square meter. Phase 3, intended for low-rise residential houses with plot sizes starting at around 1,200 square meters, is priced at $1,050 per square meter.
The data hub facility will operate with seven degrees of connectivity that positions Nigeria as a digital transformation leader through its most advanced data center in the region according to Toriola.
