MTN Nigeria is relocating its headquarters to Eko Atlantic City, reflecting confidence in the area’s business potential. The project follows plans first announced four years ago, and CEO Karl Toriola has confirmed the commitment to this investment in infrastructure. Eko Atlantic, established in 2008, is becoming a hub for businesses and is located near Lagos’ main business district. MTN is also building a significant data center on the mainland, further showcasing its dedication to digital growth in Nigeria.
MTN Nigeria, the leading mobile network operator in the country, is set to establish its new headquarters in Eko Atlantic City, joining other major companies like First Bank and Dangote Group. The relocation reflects a growing trend among firms attracted to the area, which offers advanced infrastructure and meticulously planned urban spaces. Notably, the United States Embassy is also planning a new facility in this promising business locale.
CEO Karl Toriola announced that the new headquarters will be constructed in Eko Atlantic City, fulfilling a plan that originated four years ago. As the first telecommunications company to make this move, MTN demonstrates its faith in Eko Atlantic’s potential as a key business destination in Nigeria. Toriola emphasized the company’s commitment to long-term investments in Lagos, highlighting the acquisition of land in Eko Atlantic to kickstart construction once necessary equipment is acquired.
Established in 2008, Eko Atlantic City has been developed to become the most advanced commercial hub in Lagos, situated adjacent to the vital Victoria Island business district. Its modern facilities and strategic position have attracted numerous corporations and investors eager for a well-structured work environment.
While Toriola refrained from revealing the specific construction costs, insiders estimate them to be substantial. The land in Eko Atlantic is divided into three phases, each priced according to size and location, with starting prices around $1,150 per square meter for the first two phases. Additional fees can apply, inflating the overall expense, as demonstrated by a recent plot listing for ₦5 billion, equating to approximately $1,200 per square meter.
Furthermore, MTN Nigeria is developing West Africa’s largest Tier 4 data center in Lagos, boasting 1,500 racks and designed to serve various internet and cloud service providers. This sophisticated facility will not be located in Eko Atlantic but rather on the mainland, which Toriola claims will fortify Nigeria’s role in digital advancements across the region.
MTN Nigeria’s relocation to Eko Atlantic City marks a significant investment in the region and reinforces its position as a leading telecommunications operator. The city continues to attract major firms due to its modern infrastructure and planned environment. Alongside its new headquarters, MTN’s establishment of a large data center reflects the company’s commitment to enhancing Nigeria’s digital capabilities. These developments illustrate a broader trend of businesses seeking optimal locations for growth and innovation.
Original Source: techcabal.com
