MTN Nigeria is relocating its headquarters to Eko Atlantic City, joining other major firms. CEO Karl Toriola confirmed this decision, showcasing confidence in the area as a prime business hub. Eko Atlantic focuses on modern infrastructure and strategic location, attracting numerous investors. MTN is also constructing a significant data center in Lagos, indicating a strong commitment to digital transformation in Nigeria.
MTN Nigeria, the largest mobile network operator in the country, is establishing its new headquarters in Eko Atlantic City, following a trend of major businesses moving to this emerging commercial hub. This development coincides with projects from notable companies such as First Bank and Dangote Group, as well as the United States Embassy that aims to create a high-end diplomatic facility in the area.
CEO Karl Toriola announced the headquarters’ location on Wednesday, indicating that MTN is the inaugural telecom operator to set up in Eko Atlantic, reflecting a strong confidence in the area’s prospective growth as a leading business center in Nigeria. Toriola emphasizes the company’s long-term investment commitment in Lagos, stating, “Beyond connectivity, we are committed to making long-term investments in Lagos.”
Inaugurated in 2008, Eko Atlantic City has undergone land reclamation aimed at developing a sophisticated commercial hub adjacent to Victoria Island, Lagos’ primary business area. Its modern infrastructure and strategic positioning make it highly appealing to corporations and real estate investors seeking a meticulously planned business ecosystem.
While Toriola did not disclose the precise construction cost for the new headquarters, estimates suggest it is substantial. Eko Atlantic City’s land prices fluctuate based on numerous factors, with initial prices for mid to high-rise developments starting at $1,150 per square meter. Meanwhile, the lower-rise residential Phase 3 starts at $1,050 per square meter.
In addition to the headquarters, MTN Nigeria is also developing West Africa’s largest Tier 4 data center in Lagos, which will feature 1,500 racks and function as a carrier-neutral hub for internet service providers. Toriola mentioned, “With seven degrees of connectivity, this facility will be the most sophisticated data hub in the region,” reinforcing Nigeria’s emerging leadership in digital advancement.
In summary, MTN Nigeria’s relocation to Eko Atlantic City marks a significant step towards enhancing its business footprint in Lagos, reflecting a broader trend of corporations moving to strategically planned areas. The development promises modern infrastructure and improved business environments while contributing to Nigeria’s digital transformation efforts. As MTN embarks on constructing its new headquarters and a robust data center, it continues to affirm its investment in the region’s future.
Original Source: techcabal.com
