Vlain:



Dude I am aware. All se en towers are expected to cost $1bn of which two has been built already out of that seven. It remains 5 more.
The already built towers don't cost $1bn. Say Wetin happen. Shey na Burj Khalifa we dey build.

okeyglm:
Google is free Mr know it.

NdigboWorldwide:

Mr who ever that post that figure on the internet is a bloody liar, trump tower don't ever cost up to that, talk less of one bump of 24 in Abuja.

okeyglm:

CNN is also a liar abi

okeyglm:
The average price per floor for Chicago is about $6.2 million; for Shanghai it’s about $3.7 million per floor. For New York, on average, it costs about $15 million per floor. Or in other words, for a cost of $20 million per floor (on average), you can get a 65-story skyscraper in New York, They are a lot thing that drives cost

NdigboWorldwide:


You are the one that got it all wrong, I see where someone said its multiple buildings and not a single 24 storey building, please a single 24 storey building can't cost $1billion dollars in Abuja, so hope you get the point.

Aconomist:
$1 billion is far to much for that nonsense building. Even if there was 10 of them, $1 billion is too much.

Aconomist:
You are making excuses brother. If that is the reason Marina failed, then why are people building up area's like Lekki, Ikoyi and Eko Atlantic that are even further away from the mainland? If traffic was the issue, the solution would be to build more density (residential skyscrapers) at Marina so people won't have to commute to work. But Marina is full of abandoned buildings that haven't been converted into apartments and outside of the core business district in Victoria island, the area is almost like a slum.. full of short low density buildings renting for an astronomical amount.

Aconomist:


Abuja is not New York. New York is expensive because of how built up the area is making it harder to bring your machines to the site, etc. also expensive permits and regulations. The cost of labor in New York is over $100,000 a year for construction workers -- not to talk of insurance.

Abuja is not a crowded area so it should be very cheap to build there. The only thing that would drive up the cost is overpriced Dangote cement and imported steel.

NdigboWorldwide:


You are the one that got it all wrong, I see where someone said it's multiple buildings and not a single 24 storey building, please a single 24 storey building can't cost $1billion in Abuja, so hope you get the point.

olujastro:

Better say what you know.
I know one of the biggest developers in Lekki, he's a Nigerian. Sijumoto, one of the most popular developers in Banana Island is a Nigerian too. So I don't know where you come up with your info from, simply because Chagoury is the one handling Eko Atlantic.

Aconomist:
Why didn't these factors stop Dubai's skyline from growing?

okeyglm:

the ist Phase contain 2 tower. They haven't develop others

BennyDGreat:
RedPanthar....u are doing well boss

okeyglm:

world trade center new York is 4 billion dollars. And it's 64 storeys

Aconomist:
Yea, I've been eagerly awaiting when Dangote builds his headquarters (he has the cash to build something truly spectacular). Total ENP is also planning a building called "La Definition" in Eko Atlantic to house its employees. Facebook is planning its HQ in Ikoyi I think, but it hasn't been announced yet. Folorunsho's Famfa oil is also building in Ikoyi.

Some of the indigenous oil companies such as Amni Oil have decided to go to Eko Atlantic instead of Marina. Here is the prototype of their tower. It is right next to Alpha 1. Construction expected to start in 2021.

How much does Amni Oil have that they want to build that?

okeyglm:

the ist Phase contain 2 tower. They haven't develop others

Aconomist:


Abuja is not New York. New York is expensive because of how built up the area is making it harder to bring your machines to the site, etc. also expensive permits and regulations. The cost of labor in New York is over $100,000 a year for construction workers -- not to talk of insurance.

Abuja is not a crowded area so it should be very cheap to build there. The only thing that would drive up the cost is overpriced Dangote cement and imported steel.

Aconomist:
$1 billion is far to much for that nonsense building. Even if there was 10 of them, $1 billion is too much.

Aconomist:
Abandoned buildings in Marina:

LASACO Assurance building, Financial Trust House, Nicon House, Conoil House, Energy Global Tower, Afribank Plaza, UAC building, Unity Trust, Nigerian Post Office and so on.


But we have a housing shortage are we too stupid to convert these structures into housing? What is wrong with Nigerians.

okeyglm:
oga most the materials are imported. It will drive the cost of building. plus other expertise.

olujastro:

Better say what you know.
I know one of the biggest developers in Lekki, he's a Nigerian. Sijumoto, one of the most popular developers in Banana Island is a Nigerian too. So I don't know where you come up with your info from, simply because Chagoury is the one handling Eko Atlantic.

COMPAQ:


Banana Island in itself was created by Lebanese. Sujimoto is just buying land and developing properties there like any, other rich man can do. The concept and execution of Banana was by Lebanese. That’s what he’s trying to say. We Nigerians actually don’t have the discipline, vision and patience to create something like Banana. Asides night clubs, most of the nice businesses and fine dining restaurants in VI are owned by Lebanese. Mega Plaza, LG, Chocolate Royals, Crust and Cream, Park and Shop, Stallion Motors, Kia Motors, Cactus and many more. We find it difficult to run businesses for more than 3 to 5 years before it starts to fall apart, especially business that require brain power, coordination, planning and well timed execution. That’s we are only good at trading, buying and selling, import and selling. We don’t create anything.

Raydos:


This is the Corporate Tower, It will be 40 storeys high, Just like the Amni tower too

I guess Eko Atlantic is gonna host some of the tallest buildings In Nigeria and probably Africa, Because, currently the tallest building in Nigeria is just 37 storeys!!

Vlain:


Cost of building in Nigeria is high most especially when U factor provision of power,water ect, ECT but it's not up to that of new York.

Aconomist:

https://www.youtube.com/watch?v=FVvVG_hm4XI

If you go to 3:27, it will move you to tears. Nigeria hasn't changed in over 40 years. Same president. And Marina looks exactly the same as when my dad was my age! In fact, they were even planning to build a light rail in the late 80s and it is still not complete.

COMPAQ:


Banana Island in itself was created by Lebanese. Sujimoto is just buying land and developing properties there like any, other rich man can do. The concept and execution of Banana was by Lebanese. That’s what he’s trying to say. We Nigerians actually don’t have the discipline, vision and patience to create something like Banana. Asides night clubs, most of the nice businesses and fine dining restaurants in VI are owned by Lebanese. Mega Plaza, LG, Chocolate Royals, Crust and Cream, Park and Shop, Stallion Motors, Kia Motors, Cactus and many more. We find it difficult to run businesses for more than 3 to 5 years before it starts to fall apart, especially business that require brain power, coordination, planning and well timed execution. That’s we are only good at trading, buying and selling, import and selling. We don’t create anything.

Aconomist:
It's senseless. With how high rents are in Lagos, why wouldn't someone just renovate the building and make some nice apartments that could easily rent for $2,000 to $6,000 a month? We like to blame government for everything, but reality Nigerians aren't thinking. We are just stangant people. If not for the lebanese, I doubt lagos would look much different from Ibadan in terms of a skyline.