Skyscrapers are sprouting up all over Ikoyi and Lekki, so why are developers choosing not to build in Eko Atlantic? The whole area should be build up by now. What is going wrong?

The following images are of new skyscrapers going up in Ikoyi. These include the completed Bordillon Tower, Uncompleted Famfa Oil Tower and, the Cuddle by Cadwell. These buildings would have been enough to bring Eko Atlantic to life. What is going wrong?

Here is the progress on Folorunsho's Famfa Tower. They say it will be the most expensive building in West Africa. Why do you think she decided to build in Ikoyi instead of Eko Atlantic, which was custom-designed for such high-profile projects?

Why don't you go and ask the developers of the project?

Here is the updated Cadwell building. They plan to clad the entire edifice in marble!

OritoJasi:
Why don't you go and ask the developers of the project?

Developers usually won't reveal this sort of information.

Aconomist:
Be serious please. I don't have time for monkey-like Nigerian behavior.

You have a very anti-Lagos/anti-Nigeria track record on this forum so definitely your intentions aren't genuine. But if truly you want answers to your questions, you know where to get them, and it certainly won't be here on Nairaland. Not unless you intend to turn the thread into another bashfest of the Eko Atlantic project, like you've done in the past.

Aconomist:
Developers usually won't reveal this sort of information.

And you expect to get those answers on Nairaland, how??

OritoJasi:


You have a very anti-Lagos/anti-Nigeria track record on this forum so definitely your intentions aren't genuine. But if truly you want answers to your questions, you know where to get them, and it certainly won't be here on Nairaland. Not unless you intend to turn the thread into another bashfest of the Eko Atlantic project, like you've done in the past.

My intentions are genuine. Eko Atlantic is the only thing i'm proud of in Nigeria, and I want to see it build up so we can put all the other African countries to shame.

Aconomist:
Here is the progress on Folorunsho's Famfa Tower. They say it will be the most expensive building in West Africa. Why do you think she decided to build in Ikoyi instead of Eko Atlantic, which was custom-designed for such high-profile projects?

The problem of contractors making more money from delayed project I guess and the Eko Atlantic stuff my guess is maybe cuz it's a sand filled typa topography and the fear of water one day turning ur investment in shambles

my guess actually no hard feeling

Aconomist:
My intentions are genuine. Eko Atlantic is the only thing i'm proud of in Nigeria, and I want to see it build up so we can put all the other African countries to shame.

Indeed.

OritoJasi:


And you expect to get those answers on Nairaland, how??

There are people with inside knowledge. Right now, I suspect some of the land may be seized by the EFCC over corruption. The developers could also be purposely restricting building there to jack up prices, it could be a forex issue, etc. There are some smart people on Nairaland who will know what is going wrong.

tyup:


The problem of contractors making more money from delayed project I guess and the Eko Atlantic stuff my guess is maybe cuz it's a sand filled typa topography and the fear of water one day turning ur investment in shambles

my guess actually no hard feeling

With sand you have to building a piling foundation -- this is what they did in Dubai. Maybe this more expensive than building on solid ground.

Aconomist:
There are people with inside knowledge. Right now, I suspect some of the land may be seized by the EFCC over corruption. The developers could also be purposely restricting building there to jack up prices, it could be a forex issue, etc. There are some smart people on Nairaland who will know what is going wrong.

I talk am. You are already revealing your true intentions, with your conspiracy theories. Your true intention is to bash the project. Go ahead and knock yourself out, bwoy.

OritoJasi:


I talk am. You are already revealing your true intentions, with your conspiracy theories. Your true intention is to bash the project. Go ahead and knock yourself out, bwoy.

I support Eko Atlantic more than you. Do you even know the name of one building there? Are you subscribed to their Facebook or YouTube? Have you inquired about buying an apartment there, like I have? You Nigerians are too emotional. You can't even calm down and let someone ask questions without getting defensive.

If this was America, citizens would be asking questions and pushing development forward, but you stagnant Nigerian just sit back like deaf mumu. When was the last time the government even mentioned this project? But when I ask reasonable questions I'm "attacking" Eko Atlantic.

Aconomist:
There are people with inside knowledge. Right now, I suspect some of the land may be seized by the EFCC over corruption. The developers could also be purposely restricting building there to jack up prices, it could be a forex issue, etc. There are some smart people on Nairaland who will know what is going wrong.

And you are one of the people with inside knowledge especially based on your inside knowledge gossip, baseless gist and pami joint rubbish.

Are you so jobless and have nothing better to do than your usual ipob rubbish?

Here is the now completed blue water tower in Ikoyi. They plan to build 5 more towers.

plaindealer:


And you are one of the people with inside knowledge especially based on your inside knowledge gossip, baseless gist and pami joint rubbish.

Are you so jobless and have nothing better to do than your usual ipob rubbish?

Eko Atlantic is not at tribal issue. Is there anything that compares to this project in the whole of West Africa?

Here is the completed Kuramo beach tower. This one is strange because they built in right next to Eko Atlantic but decided to stay in Ikoyi.

Here is the Cadwell Sphere. This one was also built in view of Eko Atlantic, but they decided to stay in Ikoyi. Cadwell is my favorite developer in Lagos. They are a fully-indigenous company and they like to clad their buildings in dimension stone, which gives it a classic and timeless feel.

Funds and investors.

Aconomist:
Here is the Cadwell Sphere. This one was also built in view of Eko Atlantic, but they decided to stay in Ikoyi. Cadwell is my favorite developer in Lagos. They are a fully-indigenous company and they like to clad their buildings in dimension stone, which gives it a classic and timeless feel.

Who owns Cadwell?

Aconomist,

You should know or probably do.

It is one of those Trump's projects. All those people that put their money down would be dead and gone before Eko Atlantic is completed.

Lagos only has a lease hold of 99 years.

Aconomist:
Skyscrapers are sprouting up all over Ikoyi and Lekki, so why are developers choosing not to build in Eko Atlantic? The whole area should be build up by now. What is going wrong?

The following images are of new skyscrapers going up in Ikoyi. These include the completed Bordillon Tower, Uncompleted Famfa Oil Tower and, the Cuddle by Cadwell. These buildings would have been enough to bring Eko Atlantic to life. What is going wrong?

Philipponzaghi:


Who owns Cadwell?

Here are the owners.

kingsavage:
igbo man mind your worthless piece of shit unpleasant region and leave SW alone

I am not an Igbo whatsoever.

Aconomist:
Here are the owners.

I mean names.

Aconomist:
I am not an Igbo whatsoever.

shutup igbo man

Here is another nice apartment block from Cadwell. Surpised that Nigerians have tastes like this. Doesn't even look like Africa.