Why Eko Atlantic City Lagos Is Becoming A Ghost Town

Why Eko Atlantic City Lagos is Gradually Becoming a Ghost Town
Eko Atlantic City is a new coastal city development project in Lagos, Nigeria. The idea for the project was initially conceived in 2003 but construction started in 2006 and is expected to be completed by 2027,

The city developers South Energy X, promised that this new peninsula would anticipate at least 250,000 residents and generate over 400 thousand jobs. It was projected to contribute about 1 billion USD to the Nigerian GDP and serve as a regional hub for banking, tourism, and luxury real estate. The project also aimed to solve the chronic shortage of housing in the fast-evolving city of Lagos and Nigeria at large.

but with 4 years left to reach the proposed 2027 completion date 90% of the land here is still empty. With just a few sky scrypers and few penthouses already completed

But the story here is not about the completion date, which they are probably not going meet up with, the Story is that this city is probably going to be a ghost Town, Yes a ghost town, why? well find out in this video.

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[DANIEL-fpuq]

Quilamba in Luanda Angola was labeled a ghost city when it was first built, now it's full of people. Eko Atlantic will see the same thing.

[fredeokolo]

Eko Atlantic City is moving at a good pace and congratulations to all who are behind the project. Skeptics like you will not stop if from succeeding.

[suntanglory]

Thank you, someone that can actually reason in nigeria for a change.The same thing l have been saying for years now, greed is the biggest crime in Nigeria, stopping Nigeria from progressing.A country with a minimum wage of 50dollars yet the government allow this level of greed.How many Nigerians can afford land in this place?The day someone loot government treasury maybe.The same greed that has destroyed Tinapa and obudu ranch in cross rivers state is affecting eko Atlantic.lf they sold the land and apartments for a reasonable price, considering it in Africa and people's income the place would have been fully developed and functional city by now..Even with this, many ignorant nigerians will be here supporting eko atlantic when they can not even afford a sand in the city..Thank you.

[jandroniol]

When I saw the project I thought it made sense, but when I saw the prices, expensive even for Europe or the United States, I thought it didn't make any sense.

[theduke]

its ran by a Lebanese company that charge crazy prices for business to build, plus not enough foregin investors are eager to invest in a port city.

[antnam]

They didn't build it for the average Nigerian.

[thitzgo]

If so, this place is only intended to rich people in Nigeria because the average Nigerian citizen who earns only 150 dollar a month can not afford to have a place of abode in that area.

[PatTiss-em]

This Eko city should have been over by now, but African developers projects cannot be trusted, they have embezzled the money, but at least they built not same with Nigeria

[linzierogers]

The owners knew the average person couldn't afford to live there. Give it a few more years and it will become one large slum. They could build what is affordable for the average Nigerian but building for those with resources is better for the bottom line.

[AntoneJohnson-dqgm]

So never forget if someone accepts you they accept you for who you are not for what you have to offer them ! Nigeria has to offer employment at Ecko Atlantic construction contracting development until the year 2099 a year before the 21 st century to all Nigerians

[nechelleheflin]

Seems the Lagos Government should get involved to get construction going. Maybe lower costs of land to spur more development. Making it Private/State development

[osagieosarefe]

I knew when they started this project. I knew they can't make it happened, because nothing Nigerians does that they can make successful. Its always stories upon stories. They don't have the mental capacity to carry out such a magnitude project.

[topmedicalshop]

Average price per Sq foot in LA is between 600 to 700$ . Why would a sane person leave investment in California where you are certain of home equity and your property increasing in value with loads of tax deductions to buy a property in an expensive virgin port city with so many uncertainties.

[AderibigbeAdetola-znhq]

A place only meant for billionaire only and u expect it to be full

[samsonakala]

All these ibo osu caste with their negative opinions!

[bisoafuayaa]

250, 000 residents but 400, 000 jobs. This is how you create inequality.

[johnnwabuforudemezue]

When you dont fix the basic, there is weak middle class

[JosephNdubuisi-rv]

Why won't it be empty and ghosted when is too cost

[evaristus]

What makes you think that Lagos is the economic capital of Africa?

[toplyf.]

They will import the people that will live there 😅