Eko Atlantic

Lagos, NigeriaNew CityUnder development

A large-scale waterfront development built on reclaimed land adjacent to Victoria Island in Lagos, sized comparably to Manhattan's skyscraper district.

Last verified: 2026-05-01Submit a correction →Visit site

Founded

2008

Status

Under development

Operating entity

South Energyx Nigeria Limited (subsidiary of the Chagoury Group)Nigeria

Total funding

$6B

Population

— / 300,000current / target

Founders & Leadership

Ronald Chagoury Jr.
Chairman, South Energyx
David Frame
MD, South Energyx
Gilbert Chagoury
Group founder, Chagoury Group

Funding

Total raised: $6B

$6B+ aggregated (privately funded by South Energyx + buyer-developers); ~$537M US Consulate; significant ongoing infrastructure costs. Initial phase land/sea-wall ~$1B+.

Investors

Chagoury Group (private)
Firm
FCMB (local Nigerian bank)
Firm
First Bank
Firm
Access Bank
Firm
GTBank
Firm
BNP Paribas (support)
Firm
Clinton Global Initiative endorsement (2009)
Foundation

How to join

Land/property purchase
Residency
Cost: USD 1,050–1,720+/sqm
Commercial development / business in Free Zone
Business incorporation

Goals

10M sqm (10 districts); 8.5km Great Wall of Lagos; size of Manhattan skyscraper district.

Target population — 300,000

Press

WikipediaEko Atlantic (Wikipedia)

Official channels

Unverified or unconfirmed

founders.twitter, population.current (residential). Have a correction? →