The Tallest building in Nigeria

Intercontinental Hotel Tower
Nigeria is the most heavily populated and one of the most economically developed nations on the African Continent. However, advanced development is significantly localized around two areas: Lagos Island (Lekki) and Abuja. Beyond these two economic centres, development is marginal and poverty is still prevalent despite government efforts. However, key marginal areas have experienced rapid growth recently.

The tallest building recently completed is 'Intercontinental Lagos' on Lagos Island, at 100 m (328 ft) tall (23 storey). Built at a cost of N30bn, the hotel, located at Kofo Abayomi Street, Victoria Island, has 358 rooms and 37 suites, including a presidential one. Intercontinental Lagos, a subsidiary of the Intercontinental Hotel Group, is owned by the Milan Group. This development showed that Nigeria's economy is witnessing growth daily.
the 23-storey Intercontinental Hotel aimed at expanding the state's tourism potential. - See more at: http://www.nigerianwatch.com/news/2669-newly-opened-intercontinental-lagos-becomes-the-tallest-building-in-west-africa#sthash.BgiIbZRi.dpuf
the 23-storey Intercontinental Hotel aimed at expanding the state's tourism potential. - See more at: http://www.nigerianwatch.com/news/2669-newly-opened-intercontinental-lagos-becomes-the-tallest-building-in-west-africa#sthash.BgiIbZRi.dpuf
the 23-storey Intercontinental Hotel aimed at expanding the state's tourism potential. - See more at: http://www.nigerianwatch.com/news/2669-newly-opened-intercontinental-lagos-becomes-the-tallest-building-in-west-africa#sthash.BgiIbZRi.dpuf

The new sector is the tourism sector. This is the only virgin sector in the country and it will help address the challenges of unemployment in the country.

Built at a cost of N30bn, the hotel, located at Kofo Abayomi Street, Victoria Island, has 358 rooms and 37 suites, including a presidential one. Intercontinental Lagos, a subsidiary of the Intercontinental Hotel Group, is owned by the Milan Group and Governor Fashola said it showed that Nigeria's economy was witnessing growth daily, although without corresponding employment.

Governor Fashola added: The new sector is the tourism sector. This is the only virgin sector in the country and it will help address the challenges of unemployment in the country.”
- See more at: http://www.nigerianwatch.com/news/2669-newly-opened-intercontinental-lagos-becomes-the-tallest-building-in-west-africa#sthash.BgiIbZRi.dpuf
This new building is the tallest built in Nigeria in the 21st century. Many other construction projects are currently ongoing, such as Eko Atlantic City, a massive redevelopment of the Lagos Waterfront which will include an entirely new sustainable city off the coast of Nigeria. 

This new development will be equipped with residential neighborhoods, commercial areas, parks, a financial district, condo towers and also massive skyscrapers.  Once completed, this development will forever change the way the world views Nigeria.

Comments

Post a Comment

Popular posts from this blog

UAC firm calls for new policy on retail sector, begins Galaxy Mall

In 2015, the retail sector of the real estate industry experienced a huge setback in its growth and development due to some abrupt modifications to certain regulatory policies, which stalled new development activities and stifled existing operations FRONTLINE real estate firm, UACN Property Development Company Plc (UPDC) has urged the Federal Government to review the existing policy framework and create a robust platform that will support and indeed accelerate the much desired “retail revolution” in Nigeria. The firm spoke last week in Kaduna, Kaduna State, the takeoff of yet another project aimed at boosting the retail sector of the real estate industry, named Galaxy Mall, a partnership project between the Kaduna state government and UPDC. With the landed property provided by the state, the developer is set to create a unique node of commerce, entertainment and leisure, which will add great value to the entire citizenry of Kaduna state. Galaxy Mall, which has a gross ...
Read more

US, China to invest in Nigeria’s proposed industrial parks

Investors from the United States and China have indicated interest in the proposed industrial parks to be created across the six geopolitical zones in the country. The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, said this at an ongoing two-day retreat at the Free Trade Zone, Onne, Rivers State. The retreat which was organised by the United Nations Industrial Developemnt Organisation, had the theme: ‘Addressing unemployment and poverty through the development of Small and Medium Scale Entreprises’. Enelamah said, “The Federal Government has concluded talks with some foreign investors from the United States and China, who have indicated interest to invest in the regional economic parks to be built across the six geopolitical zones. “These parks are designed to enhance industrialisation and therefore boost the nation’s non-oil export base.” He said the creation of the proposed industrial parks was in response to the huge infrastructural gap i...
Read more

The 15 Most Profitable Small-Business Industries

Being talented with numbers can really pay off if you’re looking to start a profitable business. Accounting and tax services takes the top spot on the list of the most profitable type of small business with a generous 18.4 percent net profit margin followed by real-estate services (15.2 percent), law firms (14.5 percent) and doctor’s offices (13 percent) reports Sageworks, a financial data service that analyzed the net profit margin of more than 16,000 small businesses (that earned less than $10 million) between September 2014 and August 2015. (The average net profit across all industries for this report's time period was 7.2 percent.) What makes these industries profitable? For one, they’re driven by human capital. “Service industries,” says Sageworks analyst Jenna Weaver, “are very common to find on the most profitable small-business list. This is generally due to lower overhead and startup costs. A lot of these industries you can start from your house.” Whil...
Read more