Eko Atlantic City Opens

REMARKS BY HIS EXCELLENCY, PRESIDENT GOODLUCK EBELE JONATHAN, GCFR, AT THE MAIDEN VISIT TO THE EKO ATLANTIC CITY PROJECT IN VICTORIA ISLAND, LAGOS, ON THURSDAY, 21ST FEBRUARY, 2013.


PROTOCOLS

1.    I am highly delighted to be here today on my maiden visit to the construction site of Eko Atlantic City. This landmark event is continuing the good news narrative that Nigeria must embrace permanently.

2.    It took us nineteen years for us to win the nation’s cup again; the trains that now run from Lagos to Kano took us another nineteen years to get them back on track. 

3.    And in this same year preceding our centenary, we are gathered here to witness the ground breaking of a modern city that will rise from the Atlantic bed in the commercial nerve centre of our beloved Lagos. This is good news indeed.

4.    I want to congratulate South Energyx Nigeria Ltd, the Government and good people of Lagos State, Messrs Dredging International Ltd and all the financial institutions, especially First Bank of Nigeria Plc, First City Monument Bank, Guaranty Trust Bank, BNP Paribas Fortis and KBC Bank, for this most outstanding initiative.

5.    The correlation between well-planned development and good quality of life as a bedrock for higher standards of productivity and sustainability cannot be over emphasized even as we note that housing is an important sector that provides jobs for our young men and women. 

6.    It is in this regard that the Housing and Urban development sector has been accorded priority attention by my Administration in recognition of its huge potential as an engine of growth and sustainable development. To this end, the enabling policy frameworks for kick-starting the revitalization of this sector are now being put in place.

7.    As part of the overall Transformation Agenda, this administration is committed to harnessing the potential of the housing and construction sectors as an important growth area for the Nigerian economy. 

8.    All over the world, housing and construction constitute an important component of GDP. The sector has extensive backward and forward linkages, and thus can drive job creation for the building materials industry, for artisans such as plumbers, carpenters, and masons, and also for those who specialize in the interior and exterior decoration of buildings.

9.    Admittedly, there are challenges in the housing and construction sector that cut across a number of areas, including property titling and high costs of building materials among others. To resolve these challenges I convened a presidential retreat with a view to consulting widely and extensively with various stakeholders so as enable Government take the right decision in the interest of our people.  

10.    I am therefore pleased to announce, as one of the outcome of the retreat, that we have commenced work on establishing a Nigeria Mortgage Refinance Corporation (NMRC) to help in providing finance for the housing and construction sector. 


11.    The NMRC, which will be private-sector led, will be established as a PPP arrangement. The partners will include the Federal Government, Nigeria’s local banks and savings & loans institutions, and the multilateral institutions, especially the World Bank which is providing concessional credits of three hundred million dollars. Subsequently, the NMRC would be able to access the capital markets to raise long-term funds via bond issues. 

12.    We anticipate that the NMRC will provide more liquidity to the housing and construction sectors, and with its operations, would hopefully lead to reduced mortgage and construction finance interest rates. 

13.    The e-collection platform created by the Federal Mortgage Bank of Nigeria (FMBN) for a more efficient collection and management of the National Housing Fund (NHF) and the broadening of its products to include provision of credit for informal sector workers are other complementary efforts to increase accessibility and affordability to mortgage finance. 


14.    With the on-going efforts to deal with the low capital base of mortgage institutions through new policy measures, we are optimistic that more Nigerians will be provided the opportunity of having access to home ownership. 

15.    The current policy measure of Government to encourage private sector participation in housing delivery through the Public-Private Scheme is also yielding good results with the implementation of a number of pilot schemes by the Federal Ministry of Lands, Housing and Urban Development under the contractor-finance initiative. 

16.    The lessons from this initial effort are to be factored into a larger plan to gradually upscale the scope of implementation in the coming years to deliver more housing units using a variety of alternative technologies to promote accessibility and affordability in housing delivery.

17.    The Federal Government of Nigeria is working with the State Governments to reduce the transaction time and the cost of the acquisition of land titles so that we can meet our objective of reducing the national housing deficit through substantial addition to the current stock. 

18.    I have received briefing to the effect that the construction of Atlantic City is benefiting from cutting-edge technology with special attention paid on climatic conditions including the perennial threats of ocean surges that has posed serious challenge to human and property on the coast of Victoria Island.

19.    When completed, the Atlantic City will not only benefit the promoters of this project, but it will be an important addition to our nation’s strive to promote tourism and good living. The Project is a great example of partnership, for it brings private individuals and companies who have the knowledge and requisite expertise to transform land lost to erosion into a delightful Ocean City.  

20.    Distinguished ladies and gentlemen, new cities are good, new cities are smart, new cities help to improve our thinking and our lives. We will encourage urban renewal, and where necessary new cities to be built to complement the old. It is in this regard that the Federal Government has given its full support to the construction of the Eko Atlantic City. I want to encourage every state government and other entrepreneurs to emulate this noble initiative. 

21.    Once again, I thank the initiators for this outstanding legacy project that will not only benefit the present generation, but generations yet unborn as well. 
    
22.    I thank you.

 

Former US president Bill Clinton, President Goodluck Jonathan, Governor Fashola, Bola Tinubu and many top dignitaries attended the opening ceremony of the first phase of the Eko Atlantic City which held in Lagos yesterday.

Eko Atlantic City is a new city born from the Atlantic Ocean in Lagos. The new 5-million-square-metre city, is to be the first modern smart city in Africa to be built on reclaimed land from the Atlantic Ocean. See more photos from the dedication after the cut...


 

 
 

Article reference: No reference available

Artice title: Photos from the opening ceremony of Eko Atlantic City
Title alias: photos-from-the-opening-ceremony-of-eko-atlantic-city
NVS Article ID: 23206
Article create date: 22-02-2013 05:59:05
Article modified date:



1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
Re: Eko Atlantic City Opens
M. Akosa posted on 02-22-2013, 04:49:43 AM
QUOTE:
And when the Atlantic Ocean decided to fight back by flooding the so-called 'Atlantic City', do not blame anybody. We have land all over teh place, they are not building on it and have togoa nd waste money building on the Atlantic.
On a lighter side, it will remove the problem of Omo Oniles in Lagos who cannot claim that the land belongs to their grandfathers.


The problem is that Nigerians always like to copy...copy in everything. But do they have the technology to maintain or ensure that what they have done is maintained as it should be? I am sure many coastal cities will have advice for problems like flooding or disasters associated with this kind of living environment. What plans or means will Nigeria have to protect lives and properties from such situations ?

Sure the good news is no one can claim birthright from this land. So, the dues must be paid to the gods of the sea and mamy water.
Re: Eko Atlantic City Opens
Anonimi posted on 02-22-2013, 05:17:24 AM
If dem open city nor be to show photos of the city wey dem open?
Abi dis na anoda boju, boju (hide & seek) propaganda from the Association of Conmen in Nigeria -ACN?
Meanwhile there are many untarred feeder roads in front of people's houses in Lagos that are unattended to by the state government and LGAs responsible. Not forgetting the uncleared gutters (open drainages) all over Lagos even as the rainy season approaches.
It will be interesting to know how much appearance fee was paid to Bill Clinton to show up.


__________________________________________
2015 - Next Level Democracy
Join a political party in your LG ward with folks & friends NOW
Eko Atlantic City Opens
NVS posted on 02-22-2013, 05:59:05 AM

Former US president Bill Clinton, President Goodluck Jonathan, Governor Fashola, Bola Tinubu and many top dignitaries attended the opening ceremony of the first phase of the Eko Atlantic City which held in Lagos yesterday.


REMARKS BY HIS EXCELLENCY, PRESIDENT GOODLUCK EBELE JONATHAN, GCFR, AT THE MAIDEN VISIT TO THE EKO ATLANTIC CITY PROJECT IN VICTORIA ISLAND, LAGOS, ON THURSDAY, 21ST FEBRUARY, 2013.


PROTOCOLS

1.    I am highly delighted to be here today on my maiden visit to the construction site of Eko Atlantic City. This landmark event is continuing the good news narrative that Nigeria must embrace permanently.

2.    It took us nineteen years for us to win the nation’s cup again; the trains that now run from Lagos to Kano took us another nineteen years to get them back on track. 

3.    And in this same year preceding our centenary, we are gathered here to witness the ground breaking of a modern city that will rise from the Atlantic bed in the commercial nerve centre of our beloved Lagos. This is good news indeed.

4.    I want to congratulate South Energyx Nigeria Ltd, the Government and good people of Lagos State, Messrs Dredging International Ltd and all the financial institutions, especially First Bank of Nigeria Plc, First City Monument Bank, Guaranty Trust Bank, BNP Paribas Fortis and KBC Bank, for this most outstanding initiative.

5.    The correlation between well-planned development and good quality of life as a bedrock for higher standards of productivity and sustainability cannot be over emphasized even as we note that housing is an important sector that provides jobs for our young men and women. 

6.    It is in this regard that the Housing and Urban development sector has been accorded priority attention by my Administration in recognition of its huge potential as an engine of growth and sustainable development. To this end, the enabling policy frameworks for kick-starting the revitalization of this sector are now being put in place.

7.    As part of the overall Transformation Agenda, this administration is committed to harnessing the potential of the housing and construction sectors as an important growth area for the Nigerian economy. 

8.    All over the world, housing and construction constitute an important component of GDP. The sector has extensive backward and forward linkages, and thus can drive job creation for the building materials industry, for artisans such as plumbers, carpenters, and masons, and also for those who specialize in the interior and exterior decoration of buildings.

9.    Admittedly, there are challenges in the housing and construction sector that cut across a number of areas, including property titling and high costs of building materials among others. To resolve these challenges I convened a presidential retreat with a view to consulting widely and extensively with various stakeholders so as enable Government take the right decision in the interest of our people.  

10.    I am therefore pleased to announce, as one of the outcome of the retreat, that we have commenced work on establishing a Nigeria Mortgage Refinance Corporation (NMRC) to help in providing finance for the housing and construction sector. 


11.    The NMRC, which will be private-sector led, will be established as a PPP arrangement. The partners will include the Federal Government, Nigeria’s local banks and savings & loans institutions, and the multilateral institutions, especially the World Bank which is providing concessional credits of three hundred million dollars. Subsequently, the NMRC would be able to access the capital markets to raise long-term funds via bond issues. 

12.    We anticipate that the NMRC will provide more liquidity to the housing and construction sectors, and with its operations, would hopefully lead to reduced mortgage and construction finance interest rates. 

13.    The e-collection platform created by the Federal Mortgage Bank of Nigeria (FMBN) for a more efficient collection and management of the National Housing Fund (NHF) and the broadening of its products to include provision of credit for informal sector workers are other complementary efforts to increase accessibility and affordability to mortgage finance. 


14.    With the on-going efforts to deal with the low capital base of mortgage institutions through new policy measures, we are optimistic that more Nigerians will be provided the opportunity of having access to home ownership. 

15.    The current policy measure of Government to encourage private sector participation in housing delivery through the Public-Private Scheme is also yielding good results with the implementation of a number of pilot schemes by the Federal Ministry of Lands, Housing and Urban Development under the contractor-finance initiative. 

16.    The lessons from this initial effort are to be factored into a larger plan to gradually upscale the scope of implementation in the coming years to deliver more housing units using a variety of alternative technologies to promote accessibility and affordability in housing delivery.

17.    The Federal Government of Nigeria is working with the State Governments to reduce the transaction time and the cost of the acquisition of land titles so that we can meet our objective of reducing the national housing deficit through substantial addition to the current stock. 

18.    I have received briefing to the effect that the construction of Atlantic City is benefiting from cutting-edge technology with special attention paid on climatic conditions including the perennial threats of ocean surges that has posed serious challenge to human and property on the coast of Victoria Island.

19.    When completed, the Atlantic City will not only benefit the promoters of this project, but it will be an important addition to our nation’s strive to promote tourism and good living. The Project is a great example of partnership, for it brings private individuals and companies who have the knowledge and requisite expertise to transform land lost to erosion into a delightful Ocean City.  

20.    Distinguished ladies and gentlemen, new cities are good, new cities are smart, new cities help to improve our thinking and our lives. We will encourage urban renewal, and where necessary new cities to be built to complement the old. It is in this regard that the Federal Government has given its full support to the construction of the Eko Atlantic City. I want to encourage every state government and other entrepreneurs to emulate this noble initiative. 

21.    Once again, I thank the initiators for this outstanding legacy project that will not only benefit the present generation, but generations yet unborn as well. 
    
22.    I thank you.

 





Former US president Bill Clinton, President Goodluck Jonathan, Governor Fashola, Bola Tinubu and many top dignitaries attended the opening ceremony of the first phase of the Eko Atlantic City which held in Lagos yesterday.

Eko Atlantic City is a new city born from the Atlantic Ocean in Lagos. The new 5-million-square-metre city, is to be the first modern smart city in Africa to be built on reclaimed land from the Atlantic Ocean. See more photos from the dedication after the cut...


 









 

 



Article reference: No reference available

Artice title: Photos from the opening ceremony of Eko Atlantic City
Title alias: photos-from-the-opening-ceremony-of-eko-atlantic-city
NVS Article ID: 23206
Article create date: 22-02-2013 05:59:05
Article modified date:

Read full article
Re: Eko Atlantic City Opens
Olamide posted on 02-22-2013, 05:59:05 AM



REMARKS BY HIS EXCELLENCY, PRESIDENT GOODLUCK EBELE JONATHAN, GCFR, AT THE MAIDEN VISIT TO THE EKO ATLANTIC CITY PROJECT IN VICTORIA ISLAND, LAGOS, ON THURSDAY, 21ST FEBRUARY, 2013.






PROTOCOLS



1.    I am highly delighted to be here today on my maiden visit to the construction site of Eko Atlantic City. This landmark event is continuing the good news narrative that Nigeria must embrace permanently.



2.    It took us nineteen years for us to win the nation’s cup again; the trains that now run from Lagos to Kano took us another nineteen years to get them back on track. 



3.    And in this same year preceding our centenary, we are gathered here to witness the ground breaking of a modern city that will rise from the Atlantic bed in the commercial nerve centre of our beloved Lagos. This is good news indeed.



4.    I want to congratulate South Energyx Nigeria Ltd, the Government and good people of Lagos State, Messrs Dredging International Ltd and all the financial institutions, especially First Bank of Nigeria Plc, First City Monument Bank, Guaranty Trust Bank, BNP Paribas Fortis and KBC Bank, for this most outstanding initiative.



5.    The correlation between well-planned development and good quality of life as a bedrock for higher standards of productivity and sustainability cannot be over emphasized even as we note that housing is an important sector that provides jobs for our young men and women. 



6.    It is in this regard that the Housing and Urban development sector has been accorded priority attention by my Administration in recognition of its huge potential as an engine of growth and sustainable development. To this end, the enabling policy frameworks for kick-starting the revitalization of this sector are now being put in place.



7.    As part of the overall Transformation Agenda, this administration is committed to harnessing the potential of the housing and construction sectors as an important growth area for the Nigerian economy. 



8.    All over the world, housing and construction constitute an important component of GDP. The sector has extensive backward and forward linkages, and thus can drive job creation for the building materials industry, for artisans such as plumbers, carpenters, and masons, and also for those who specialize in the interior and exterior decoration of buildings.



9.    Admittedly, there are challenges in the housing and construction sector that cut across a number of areas, including property titling and high costs of building materials among others. To resolve these challenges I convened a presidential retreat with a view to consulting widely and extensively with various stakeholders so as enable Government take the right decision in the interest of our people.  



10.    I am therefore pleased to announce, as one of the outcome of the retreat, that we have commenced work on establishing a Nigeria Mortgage Refinance Corporation (NMRC) to help in providing finance for the housing and construction sector. 





11.    The NMRC, which will be private-sector led, will be established as a PPP arrangement. The partners will include the Federal Government, Nigeria’s local banks and savings & loans institutions, and the multilateral institutions, especially the World Bank which is providing concessional credits of three hundred million dollars. Subsequently, the NMRC would be able to access the capital markets to raise long-term funds via bond issues. 



12.    We anticipate that the NMRC will provide more liquidity to the housing and construction sectors, and with its operations, would hopefully lead to reduced mortgage and construction finance interest rates. 



13.    The e-collection platform created by the Federal Mortgage Bank of Nigeria (FMBN) for a more efficient collection and management of the National Housing Fund (NHF) and the broadening of its products to include provision of credit for informal sector workers are other complementary efforts to increase accessibility and affordability to mortgage finance. 





14.    With the on-going efforts to deal with the low capital base of mortgage institutions through new policy measures, we are optimistic that more Nigerians will be provided the opportunity of having access to home ownership. 



15.    The current policy measure of Government to encourage private sector participation in housing delivery through the Public-Private Scheme is also yielding good results with the implementation of a number of pilot schemes by the Federal Ministry of Lands, Housing and Urban Development under the contractor-finance initiative. 



16.    The lessons from this initial effort are to be factored into a larger plan to gradually upscale the scope of implementation in the coming years to deliver more housing units using a variety of alternative technologies to promote accessibility and affordability in housing delivery.



17.    The Federal Government of Nigeria is working with the State Governments to reduce the transaction time and the cost of the acquisition of land titles so that we can meet our objective of reducing the national housing deficit through substantial addition to the current stock. 



18.    I have received briefing to the effect that the construction of Atlantic City is benefiting from cutting-edge technology with special attention paid on climatic conditions including the perennial threats of ocean surges that has posed serious challenge to human and property on the coast of Victoria Island.



19.    When completed, the Atlantic City will not only benefit the promoters of this project, but it will be an important addition to our nation’s strive to promote tourism and good living. The Project is a great example of partnership, for it brings private individuals and companies who have the knowledge and requisite expertise to transform land lost to erosion into a delightful Ocean City.  



20.    Distinguished ladies and gentlemen, new cities are good, new cities are smart, new cities help to improve our thinking and our lives. We will encourage urban renewal, and where necessary new cities to be built to complement the old. It is in this regard that the Federal Government has given its full support to the construction of the Eko Atlantic City. I want to encourage every state government and other entrepreneurs to emulate this noble initiative. 



21.    Once again, I thank the initiators for this outstanding legacy project that will not only benefit the present generation, but generations yet unborn as well. 

    

22.    I thank you.





 








Former US president Bill Clinton, President Goodluck Jonathan, Governor Fashola, Bola Tinubu and many top dignitaries attended the opening ceremony of the first phase of the Eko Atlantic City which held in Lagos yesterday.



Eko Atlantic City is a new city born from the Atlantic Ocean in Lagos. The new 5-million-square-metre city, is to be the first modern smart city in Africa to be built on reclaimed land from the Atlantic Ocean. See more photos from the dedication after the cut...





 
















 




 




 







 






Article reference: No reference available


Artice title: Photos from the opening ceremony of Eko Atlantic City

Title alias: photos-from-the-opening-ceremony-of-eko-atlantic-city

NVS Article ID: 23206

Article create date: 22-02-2013 05:59:05

Article modified date:




 




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Re: Eko Atlantic City Opens
M. Akosa posted on 02-22-2013, 06:26:21 AM
QUOTE:
If dem open city nor be to show photos of the city wey dem open?
Abi dis na anoda boju, boju (hide & seek) propaganda from the Association of Conmen in Nigeria -ACN?
Meanwhile there are many untarred feeder roads in front of people's houses in Lagos that are unattended to by the state government and LGAs responsible. Not forgetting the uncleared gutters (open drainages) all over Lagos even as the rainy season approaches.
It will be interesting to know how much appearance fee was paid to Bill Clinton to show up.


__________________________________________
2015 - Next Level Democracy
Join a political party in your LG ward with folks & friends NOW


Wetin concern vulture together with the barber ? I am sure the money for appearance fee will add more to the man's retirement funds from the expense of the crazy people with money in Nigeria.
Mcheewtzxx... !

These are some real crazy, wicked people who don't know what to do with the money???
There are abundance of land everywhere all over the country to develop. Even old cities and towns that are desperate in need of urban regeneration. And here you have all these clowns pumping away money into the sea in order to get some few piece of land there???
Can you just image one of the least developed country in the world with nearly half of the population and citizens living below poverty line spending money on such project?

Forever cursed wicked people !
Re: Eko Atlantic City Opens
LuckyBoy posted on 02-22-2013, 06:35:12 AM
QUOTE:
And when the Atlantic Ocean decided to fight back by flooding the so-called 'Atlantic City', do not blame anybody. We have land all over teh place, they are not building on it and have togoa nd waste money building on the Atlantic.
On a lighter side, it will remove the problem of Omo Oniles in Lagos who cannot claim that the land belongs to their grandfathers.


He who owns the land owns the shore. Why is it not called Kano, Enugu or Ibadan Atlantic City? Jealousy, heh?
Only now it's "Omo Onile L'ori Omi"

I am really very ambivalent about this project and it's managers. If it brings revenues that will be judiciously used for the pressing demands of the people and the state, am all for it. But if it's another avenue for it's principals to further grab and add to their selfish illegitimate possessions and continue their economic stranglehold of the state, it will be unfortunate.

Your guess is as good as mine!
Re: Eko Atlantic City Opens
Namio posted on 02-22-2013, 06:45:51 AM
Bunch of rogues and mercenary celebrities. Anofia.
Re: Eko Atlantic City Opens
Ajibs posted on 02-22-2013, 08:06:39 AM
QUOTE:
And when the Atlantic Ocean decided to fight back by flooding the so-called 'Atlantic City', do not blame anybody. We have land all over teh place, they are not building on it and have togoa nd waste money building on the Atlantic.
On a lighter side, it will remove the problem of Omo Oniles in Lagos who cannot claim that the land belongs to their grandfathers.


My guy,

You no suppose tok if you sabi de koko of dis matta, leave it alone for Mattias.

Eko Atlantic is a very ambitious project being executed by Gov. Fashola and one that potentially if continually executed as planned will place him, And sadly that wayo wayo man, Asiwaju in the history books of the positive development of Lagos.

Lagos actually does NOT have land all over the place as you should know. The whole state of Lagos is becoming a huge Megapolis and will continue to develop even in the few areas that are left like the Badagry axis of Lagos which is almost the only parts of Lagos where you might not find huge developments currently as future developments have already been planned even in that sector of Lagos. Even over a decade ago when I was left Lagos, if you wanted residential land, your choices were only Ikorodu and the Lekki areas.

The goal of Eko Atlantic is to bring an internationally known and populated complete live, work and play business district to Lagos, this will be at par with other business districts worldwide, like Dubai, London and New York.

These are the types of ambitious projects one would expect a governor to embark upon rather that celebrating mediocre performance like tarring and commissioning city and state roads and paying pensions, which should normally be taking place even when the governor is sound asleep.

Just do a little bit of research on this if you need links, let me know. The sea is not taking this land back anytime soon. You might not know that the bulk of the land is being "reclaimed" not virgin land being sand filled.

Having said that, my only grouse with this ceremony is it seems premature. There is not quite ready to celebrate just yet. Just a third of the entire land mass is ready and yes the first set of buildings are already under construction. I would have expected when the first set of building are completed, The Eko Pearl towers, and a few others, then the project can be commissioned.
Re: Eko Atlantic City Opens
Mikky jaga posted on 02-22-2013, 08:41:46 AM
Some people cannot recognize good things even if it is thrown at them. The pictures of the construction of the City has been on this site for some months now, but some anonimi that feels everybody is a conman like his patron will never see it.

It is ironic that when somebody is building things that will rank Nigeria among the developed countries of the world, Jonathan is praising himself for rejuvenating a locomotive (faka fiki faka) railway built close to a century ago without as much as adding anything modern to it.

The Atlantic city project was financed by a consortium of banks that would not otherwise put their money into a project waiting to be washed off by the Atlantic Ocean. It is good to talk straight when occasion demands it. If Jonathan with his PhD is half as brilliant as Fashola, Nigeria will not be in a mess it is in today.

Lagos is moving ahead and bad belle people are crying wolf. Eko o ni baje o. PDP won o ni wa mo forever. Papa Deceiving Pikin will never surface in our land again forever.
Re: Eko Atlantic City Opens
Nero africanus posted on 02-22-2013, 09:10:55 AM
a lot is wrong with the eko atlantic city i have seen geological surveys of this place , some portions of it ( the inner areas ) are quite below sea level . this means that it is just another katrina waiting to happen . most of the sandfilling was done at the edges and water pumped out . this is fraudulent this is becuase once water reaches the height of the edges , the entire city becomes a water containing and retaining bowl . another problem with it is that the sand filling was not done to ten metres above sea level as has been recommended , the high of the sandfilling was lowered as a result of associated cost .

the is an attention grabbing grandoise project , just like the so called tinapa. lagos has no mass transit sytem , fashola should have made it his legacy . lagos roads are gridlocked , with a metro system people can live anywhere even as far as ogun state and commute to work as in other global cities , this will inherently remove the need for eko atlantic city , lekki, and all the otehr current reclamations around the island which is as a result of eople wanting to be on the island and not having to commute to work on nigerian roads. if there was a transit system , who would want to buy and build on eko atlantic city which is basically manufactured land . the roads will be free for motorists as the bulk of the populce will take the metro to work .

fashola has a lot of good ideas but this is a terrible one the need and demand for eko atlantic is being fueled by the lack of a mass transit system . a bit like spending money on paracetamol rather than on anti malarial medication . which is the cause of the headache in the first instance
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