₦airaland Forum

MTN Nigeria, the country’s largest mobile network operator, is building its new headquarters in Eko Atlantic, joining a growing list of large firms relocating to the 10-square-kilometer city, including First Bank and Dangote Group. The United States Embassy is also developing a new diplomatic facility in Eko Atlantic, drawn by its promise of high-end infrastructure, modern office spaces, and a well-planned city layout.

MTN Nigeria CEO Karl Toriola confirmed on Wednesday that the company’s new headquarters will be situated in Eko Atlantic, four years after first announcing plans to build a new head office. MTN is the first telecom operator to build in the coastal city, signaling confidence in its potential as one of the premier business hubs in Nigeria.

“Beyond connectivity, we are committed to making long-term investments in Lagos. As part of this commitment, we have acquired a piece of land in Eko Atlantic City, and we will commence construction once we have gotten the equipment,” Toriola said at the MyLagosApp launch event in Lagos.

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.

Additional costs such as agency and administrative fees can increase the total price per square meter. For instance, a 3,336 square-meter plot was listed on propertypro.ng for ₦5 billion, translating to about $1,200 per square meter.

MTN Nigeria is also constructing West Africa’s largest Tier 4 data center in Lagos. The facility will house 1,500 racks and operate as a carrier-neutral hub, allowing multiple Internet Service Providers (ISPs) and cloud service providers to interconnect. Toriola also confirmed to TechCabal that the data center will not be situated within Eko Atlantic but on the Lagos mainland.

“With seven degrees of connectivity, this facility will be the most sophisticated data hub in the region, further strengthening Nigeria’s position as a leader in digital transformation,” Toriola said.

Source: https://techcabal.com/2025/03/13/mtn-nigeria-joins-big-firms-relocating/

Aren't there some risk managers out there

Oga where did dangote say he is relocating to eko. The man said he is tired from completing refinery let him rest

Good development 👏

Good

Lagos state is becoming more conducive for business to thrive in Nigeria

Kudos to the current governor, SanwoOlu

MTN 👀lol

Tinubu really got it right on this Eko Atlantic and the Lekki free trade zone. A man with vision.

Will that make their data price to come down.

They are just drinking my data like water

Vv

No wonder mtn data charges skyrocketed. To hell with MTN. To hell with FGN. To heaven with PDP. lol.

Lagos doesn't have good streets at all, even the highbrow areas are filled with messy streets. Let's see if this Eko City is different.

Lagos is the new dubai.

It will be called the New Island and VI and its environs will be called Old Island.

Old market road.
New market road.

Old money, new money.

My son, that is life. There is nothing to this world but fantasies. One time, Opebi Allen was the mecca for parties, now it's on the Island, very soon, it may be near Dangote Refinery.

World Trade Center was a tourist destination and then the Emirati built their own Burj Khalifa. Tomorrow, China will build their own and people will flock to the place.

Don't rush after new things because it will become old one day. Dear young people, all the luxury you are chasing today, no one will want to touch it again. That is life for you. Read between the lines to get the message in this post.

Ok

All oil companies, telecommunications and other international companies are moving their headquarters there.
Igbo go cry faya
Wetin Tinubu see sitting down, let 1 million igbo leaders climb ontop themselves, dem no go see

Great100000:
Source: https://techcabal.com/2025/03/13/mtn-nigeria-joins-big-firms-relocating/

eko for show….news like this makes some people deprived of anything good in there barren region green with envy

But as he Dey pain dem, he Dey sweet us….proudly Lagos joor

Where are those ignorant people criticising FG when MTN move it's HQ to Ghana few years ago? Guess who's laughing now?
Nigeria will succeed while y'all will continue to cry.

I said it before, eko atlantic is the future. By 2030 if you're not there, you're not among. 😂

10 years after now when Eko Atlantic become the talk of the town, you will see riffraffs from the East claim they are the one that developed the place

A project initiated by Tinubu

kettykin:
Aren't there some risk managers out there

Whatever the risks are, it still makes more sense than moving their headquarters to Onitsha or Aba.

Nice but the city still in early stages and with no clear blueprint.

Wait to see how they'll start telling us how they develop Lagos. Been here since birth, a beneficiary of PBAT's magnanimity. Yes, he and Chagury has assets their; but isn't it obvious Tinubu is a visionary leader? Which other zone in Nigeria has a focal point of his level.... your guess is as good as mine. Continue to hate while men are making things happen. Eko for show.
On PBAT'S mandate we stand gidigba.
You can go to hell for all I care

Eko Atlantic...... The latest bride in town!

kettykin:
Aren't there some risk managers out there

All these poor yamrees sef.

kettykin:
Aren't there some risk managers out there

Any good development news in Lagos make you guys in the east depress

If there are risk managers they won't advise any business to establish in the east because of the terrorism and cannibalism going on there.

RenaissanceGuy:
Lagos doesn't have good streets at all, even the highbrow areas are filled with messy streets. Let's see if this Eko is different.

From your submission, I can tell you've never been there. A visit will be of help to you.

MTN that has been declaring losses for three (3) years consecutive!!! And hasn’t been paid shareholders dividend can afford to build in Eko Atlantic.

See how foreigners are reaping Nigerians off. Na wan o. Who will checkmate this now. We lookup to God to deliver us.

Hmmmmmm

papyjaypaul:
It will be called the New Island and VI and its environs will be called Old Island.

Old market road.
New market road.

Old money, new money.

My son, that is life. There is nothing to this world but fantasies. One time, Opebi Allen was the mecca for parties, now it's on the Island, very soon, it may be near Dangote Refinery.

World Trade Center was a tourist destination and then the Emirati built their own Burj Khalifa. Tomorrow, China will build their own and people will flock to the place.

Don't rush after new things because it will become old one day. Dear young people, all the luxury you are chasing today, no one will want to touch it again. That is life for you. Read between the lines to get the message in this post.

You're right.

jaxxy:
Nice but the city still in early stages and with no clear blueprint.

Every stranded Obidient idiot from the Monday imprisonment region has an opinion on Lagos affairs.

Eko Atlantic has a blueprint currently being implemented, one refugee is here talking nonsense.

You people should keep supporting Ekpa, Kanu and sit at home. Your generations will curse you for the damage you're going to Igboland.

COMRADES, hope Tinubu will not target them tomorrow with his over taxing burden

Emmanuel900:
10 years after now when Eko Atlantic become the talk of the town, you will see riffraffs from the East claim they are the one that developed the place

A project initiated by Tinubu

na there way, they always try to take glory for another man’s vision, ask them why they can’t replicate this development in there barren region, and hear them start making all sorts of excuses for the failures they elect in there evil forest.