Last updated on April 16, 2014 at 13:17 EDT

Eko Atlantic Celebrates Reclamation of 5,000,000 Square Metres of Land from the Sea

February 22, 2013

LAGOS, Nigeria, February 22, 2013 /PRNewswire/ –

His Excellency the President of the Federal Republic of Nigeria, Dr.
Goodluck Ebele Jonathan, applauds a ‘noble initiative’ and gives the project the full

support of the his Government

Eko Atlantic, the visionary new city for Lagos, Nigeria drew high-level presidential
praise from both the Nigerian President, Goodluck Jonathan and the former President of the
United States of America, Bill Clinton during a dedication ceremony to mark a milestone

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Describing the development of Eko Atlantic as an outstanding initiative President
Jonathan said, ‘This landmark event is continuing the good news narrative that Nigeria
must now embrace permanently. You cannot be hearing only ugly stories. Eko Atlantic City
is bringing us happiness and this happiness has come to stay.’

Eko Atlantic land reclamation started in February 2008 with a 7-year dredging
operation planned to create 8,000 square metres of new land every day.

A year after reclamation work began the Chagoury Group, the developers and planners of
Eko Atlantic, based in Lagos, Nigeria, committed at the Clinton Global Initiative in New
York to protect Victoria Island from coastal erosion through the forces of the Atlantic

Since making their commitment the developers have built a sea revetment known as The
Great Wall of Lagos that now stands at three and a half kilometres. Half the land needed
to build the new city has been recovered from the ocean.

‘They have reclaimed five million square metres of land from the sea. They have built
the beginnings of this amazing wall. They have kept their commitment and it will help to
diversify the economy of Nigeria, to brand Lagos all over the world and to create an
enormous number of opportunities. I am convinced that within five years people will be
coming from everywhere just to look at the wall.’

The Great Wall has brought back the coastline of Victoria Island to where it was a
century ago before coastal erosion began to wash it away.

‘This is an ingenious engineering feat,’ said President Clinton, This is something I
am telling you there will be countless numbers of people coming here to study. It is
something you can be very proud of.’

The Governor of Lagos State, Babatunde Raji Fashola hosted the dedication ceremony
close to the massive sea revetment that protects the five million square metres of land.
‘When all is done, a new city will emerge here from what was once a devastated area as a
result of nature’s onslaught, said Governor Fashola. ‘But that devastation is now history.
Our ultimate triumph beckons,’ he said, ‘the human spirit will prevail because of the
goodwill of a few good men.’

The dedication ceremony was attended by high-ranking Nigerian Federal and State
officials as well as international developers, financial institutions and the diplomatic

In his address, the Executive Chairman of Eko Atlantic, Mr. Ronald Chagoury, said,
“Nigeria is a great nation. Building a city of this calibre can only be achieved by
putting our hands together. Today we are at a turning point where the real construction of
the city has started.” And he added, “Today Lagos is the economic capital of Nigeria. We
pray by your blessing Mr. President, to become the economic and financial centre of Africa
in the near future”.

The construction of infrastructure for Eko Atlantic, such as roads, drainage and
sewage systems has also started as has foundation work for Eko Atlantic’s first commercial
tower block. An international developer, Satellite Oil and Gas from Nigeria, has started
to build Eko Energy Estate and numerous other projects are in the pipeline.

Upon completion, the developers and city planners of the new city will have produced
10,000,000 square metres of land, ripe for development: equivalent in size to the
skyscraper district of Manhattan in New York City.

Eko Atlantic is designed to provide the space and infrastructure to house 250,000
people and become the workplace for a further 150,000.






SOURCE South Energyx Nigeria Limited

Source: PR Newswire