by 
It is rather rash to compare Eko Atlantic, EAC with Dubai, however, one can not argue that is about to become the new economic capital of Africa as it proposes.
Though living in the EAC is improbable for many Nigerians, it does seem light like a citadel of hope to them. To investors, it seems like an opportunity to explore novel business channels in Nigeria and Africa.
Both for Nigeria and investors, Eko Atlantic City will offer an interactive trading ground. Here are answers to most questions regarding the megacity in Lagos, Nigeria. This information will be updated as often as possible.
To get into details, it is important to have an overview of how the city operates. The economics of the EAC will be greatly dependent on who and how the city is handled as mismanagement can be hazardous.
This is why the plans are to consolidate its management with advanced foreign systems.
- Housing solution and FG mortgage scheme available in Nigeria
- NSHP: ₦2mn Will Afford Homes In Nigeria Under The FG Housing Scheme
- The NSHP Portal Opens, Model Homes Unveiled By The FG
What is housing like in Eko Atlantic City?
The cost of living in the Eko Atlantic is totally above the pay grade of an average Nigerian.
For daily accommodation, either in hotels or rental apartments at the Eko Atlantic, one can expect to pay anywhere around $250 for a standard apartment.
Each room size is somewhere between 40 m²/431 ft² and 120 m²/1292 ft².
So far less than 5% of the two operating towers, Alpha and Pearl have occupants. This might be the case for a long time and there are so many evident reasons for that.
What does it cost to own a landed property in EAC?
The cost of owning a plot is somewhere around $50 million and they are open to anyone around the world who can buy.
How many jobs can Eko Atlantic City offer?
It can hardly provide jobs yet due to very few occupants, so it is hard to tell how the city will accomplish the 150, 000 jobs it promised. That dream is also improbable for Nigeria due to a high level of insecurity in the country.
Is it a good idea to invest in Eko Atlantic?
Hardly anyone wants to invest in a country with a high rate of corrupt practices. However, the city has a different kind of management and could be worth investing in.
Also, there are hardly any big cities in the world that have untapped potentials as Lagos, Nigeria. New kinds of businesses will thrive within EAC and this is a good time to do business in Nigeria and Africa.
How safe is Eko Atlantic City?
Security is assured within the city. The city management operates a private policing system.
