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MTN Nigeria, the country’s largest mobile network operator, has announced plans to build its new headquarters in Eko Atlantic, a 10-square-kilometer city being developed on reclaimed land in Lagos.
The company joins a growing list of large firms relocating to Eko Atlantic, including First Bank and Dangote Group.
MTN Nigeria CEO Karl Toriola confirmed the plans, stating that the company has acquired a piece of land in Eko Atlantic City and will commence construction once equipment has been secured.
The new headquarters will be situated in a prime location, signaling MTN’s confidence in Eko Atlantic’s potential as a premier business hub in Nigeria.
Eko Atlantic City was launched in 2008 and aims to become Lagos’ most advanced commercial hub.
The city offers modern infrastructure, strategic location, and a well-planned layout, attracting corporations, real estate investors, and high-profile organizations.
The construction cost of the new headquarters was not disclosed, but sources estimate it to be in the millions of dollars. Land prices in Eko Atlantic City vary based on size, location, and intended use, with prices starting at $1,050 per square meter.
In addition to its new headquarters, MTN Nigeria is also constructing West Africa’s largest Tier 4 data center in Lagos.
The facility will operate as a carrier-neutral hub, allowing multiple Internet Service Providers (ISPs) and cloud service providers to interconnect.
