Why Eko Atlantic City in Lagos is still Empty

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Steven Ndukwu

Steven Ndukwu

2 жыл бұрын

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This is Eko Atlantic City, built on 10 square kilometers of land reclaimed from the Atlantic Ocean, some called it the Dubia of Nigeria, created to help stop costal erosion at VI, Lagos, this basic idea turned into a huge project.
This project brought a lot of controversies, because More than a decade later, only a handful of buildings have been completed, large sections of the city are still empty and plots of land awaiting construction work. In this Video, we toured Eko Atlantic and answered some questions regarding the Eko Atlantic city project in Lagos Nigeria.
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Пікірлер: 1 500
@siquara100
@siquara100 Жыл бұрын
Eko Atlantic City is a good exemple what Goverment should NOT do. Can you imagine if all money had been invested in Education, Heathcare, sanitary store system, houses, etc ?? Surely, Nigerian people would get fully benefited
@dewsbabababa8006
@dewsbabababa8006 Жыл бұрын
It is 100% privately owned!
@amarachukwuokoronkwo9484
@amarachukwuokoronkwo9484 2 ай бұрын
Thank you for the emphasis😅@@dewsbabababa8006
@rossyrossy5110
@rossyrossy5110 2 ай бұрын
No mind those yeye ignorant commenter ​@@dewsbabababa8006
@Hephzibah444
@Hephzibah444 2 ай бұрын
Well said! A project fuelled by greed & unnecessary show off.
@gaderzfootball8189
@gaderzfootball8189 2 ай бұрын
Not gov money abeg Privately own.. Investors are supposed to troop in and erect buildings bit I can't tell why it is not happening
@diskitube
@diskitube 2 жыл бұрын
Nigeria must focus on getting 24/7 electricity and stop going for things they can't afford
@kingjoshuamhuamk2559
@kingjoshuamhuamk2559 2 жыл бұрын
Yes
@chrisudoka5420
@chrisudoka5420 2 жыл бұрын
Did your country have 24/7 power supply?
@co6429
@co6429 2 жыл бұрын
@@chrisudoka5420 what he said is absolutely true, no need for your defensive response. Nigeria needs to focus on having basic amenities that is more likely to foster long term growth and development.
@chrisudoka5420
@chrisudoka5420 2 жыл бұрын
@@co6429 what do you have in your country?
@anita7414
@anita7414 2 жыл бұрын
@@chrisudoka5420 don't mind those fool instead of them to focus on their undevelope village they are coming here to writing nonsense
@pykejack6198
@pykejack6198 Жыл бұрын
As a foreigner who has lived in Lagos for ten years, from my experience, it is very difficult to build any project here, especially the current government policies and various problems caused by corruption. I In order to apply for the use of Gas power generation, even though it took a lot of time and money to do it, it has been almost a year and it still can't be done. I am very disappointed with this government.
@muhammedhabib2286
@muhammedhabib2286 Жыл бұрын
We are all disappointed in the government. you are not alone on that
@Voltaron.
@Voltaron. Жыл бұрын
Volume please, I'm feeling you!
@teamor28
@teamor28 Жыл бұрын
In Nigeria it's all about who you know and money. Then you have power.
@kingsleyonyemaechi4129
@kingsleyonyemaechi4129 Жыл бұрын
Any project or just real estate?
@Voltaron.
@Voltaron. Жыл бұрын
@@kingsleyonyemaechi4129 Any project....i have my reservations myself, it's just so long to type
@okhaeadeleye5313
@okhaeadeleye5313 2 жыл бұрын
Dubai, whom we copied the idea from, is a top tourist attraction. Yet, they’ve slowed down on all their massive projects. I doubt Eko Atlantic will meet any of the potential. Pricing the land and properties in dollars is the first mistake. Its beyond the average Nigerian, and the super rich Nigerian will get more value for money buying a house in Dubai or the UK. They’d have better profit turning it into a tourist attraction, and maybe moving Apapa port there.
@SynergyEnergy33
@SynergyEnergy33 2 жыл бұрын
I agree. Rezone it as middle and high income and within 2 years that place will be pretty much full. Also force all commercial buildings of 30 stories and above to be built in the commercial district (downtown) of Lagos island in order to expedite the process of filling out the districts commercial skyline.
@nenajanek
@nenajanek Жыл бұрын
I totally agree
@arulebadamilare4847
@arulebadamilare4847 Жыл бұрын
Eko Atlantic isn't for the average Nigerian; it's priced in Dollars because they want foreigners to invest in it
@SynergyEnergy33
@SynergyEnergy33 Жыл бұрын
@@arulebadamilare4847 then it will continue to sit nearly empty for a very long time.
@okhaeadeleye5313
@okhaeadeleye5313 Жыл бұрын
@@arulebadamilare4847 so when the foreigners invest, who will live in it? The foreigners? According to them, it was built to improve housing for Lagos citizens, will citizens also pay in dollars?
@platzhirsch4275
@platzhirsch4275 2 жыл бұрын
Amazing that millions in Lagos live in poverty without water and constant electricity. Wouldn't it be smarter to invest in the housing quality of its normal citizens and provide a good infrastructure than building this foe the rich and politicians? Don't Nigerians actually love themselves, ie their own normal people ?
@goldenismonica1522
@goldenismonica1522 2 жыл бұрын
No. Nigeria doesn’t give a damn about it’s citizens. Even China built proper housing and neighborhoods for their working class with all basic amenities intact. If you’re not rich it’s like you’re cursed, as far as Nigeria is concerned. Incredibly classist society.
@temia7944
@temia7944 Жыл бұрын
Thanks, for airing my thoughts . I bet they view success and socio-economic development differently.
@jahudini
@jahudini Жыл бұрын
This is not govt project, it's private enterprise , they are doing it to make money, not to improve the lives of people living on the main land.
@dopeclance_jr7489
@dopeclance_jr7489 Жыл бұрын
The government don't love it's people
@kingdomfrontiers1013
@kingdomfrontiers1013 2 ай бұрын
This is not built by the government, get your facts before making comments
@ay1ism
@ay1ism Жыл бұрын
Putting sky scrappers on a soaked land is playing Russian roulette with your life.
@mikea.6911
@mikea.6911 Жыл бұрын
Projects like these will always struggle with the way they're executed. There's no organic wealth building process among the locals. There must first be enough wealthy Nigerians who can invest in this project and make it a reality. It's much more difficult convincing wealthy foreigners to bring their money to Nigeria than it is convincing a Nigerian. We must do the hard work of building up rich Nigerians/Africans so that we don't have to beg foreigners to come and invest here.
@rickmorty7284
@rickmorty7284 Жыл бұрын
Yep. Its African politicians who neglect their jobs for years, and then think that investing in these vanity projects will make a difference in the lives of the millions they leave behind. Do not leave the poor behind. A developing country has to empower its people as much as possible. That's what the Koreans and Japanese did.
@maxsteel2017
@maxsteel2017 10 ай бұрын
@@rickmorty7284 It's not the Politician but the ordinary Nigerians who elect those incompetent politicians. I cannot compehend the fact that Nigeria has over 200 million population and still not able to select the best leaders to help move the country forward. This only proves that NIgeria is not yet ready for this kind of development because they don't have the right mindset to break the cycle of corruption, incompetence, violence and poverty.
@amzzzkartel3819
@amzzzkartel3819 10 ай бұрын
​@@maxsteel2017man every Nigerian should read this comment and break the chain of corruption
@ags911
@ags911 4 ай бұрын
It’s more like a clone of the model in Dubai. They probably want people to move to Nigeria but it’s not going to happen with the lack of infrastructure and poverty in the city. Safety will always be a concern.
@eudofia
@eudofia 3 ай бұрын
@@maxsteel2017 Elections are rigged in Nigeria. So, it does not matter who you vote for. The corrupt politicians will just put themselves and their cronies in power. There is no hope for the country.
@MPANGA101
@MPANGA101 2 жыл бұрын
1. The Eko Atlantic City wasn't designed for everyone, it has its target market. 2. Every country has such areas. 3. Just because you work in an area doesn't mean u are supposed to stay in that area.
@mannyofthebuj
@mannyofthebuj Жыл бұрын
Yes but this is Lagos with one of the worst traffic problems in the world. If there isn’t provision for low income earners such as the staff, then imagine how long it’ll take them to get home, and to get to work.
@izuchukwuatueyi6422
@izuchukwuatueyi6422 Жыл бұрын
Yes while I agree with you but this project is a facade as it will not benefit the population at large, and will further contribute to class segregation, in a country where the economy continues decay, and inflation is 300% in past 15 years, the creation of job is also a mirage, as it will not even benefit the workers, many currently working on the island and living in the mainland are already finding it hard to make ends meet, and this will worsen it, this is just a private project for profit and should be labeled as such and not a benefit for the population at large
@precioussafespace
@precioussafespace Жыл бұрын
Everyone should see this message
@precioussafespace
@precioussafespace Жыл бұрын
They said house 250,000pple. So it definitely means they have a target market. It is not made for the average nigerian and that is okay. As long as it would help the GDP of the country at large. And they shouldn't settle for less. They already have a plan. Imagine selling a plot for 1million naira. What building will a person that can afford 1m build? A mediocre building. Definitely lesser than expectation. They should just stick with their plans. Things would still work out well. Great things need not to be rushed!!!
@bukenamara7666
@bukenamara7666 Жыл бұрын
​@@cheekypigg how must tourist we be paying every day to sleep and eat that eko at city is a overprice project there are many project around the world you can put your money rich people are not fool the invest wise and expecting return delay is dangerous
@ayoiawe
@ayoiawe 2 жыл бұрын
The comment about Potemkin village is so correct. If people working there can't afford to live there, you are driving up traffic. Any urban development should guarantee that most people can get to most of their destination within 15 minutes. Just building a mini city with no proper train infrastructure, public transit infrastructure, bicycle infrastructure is not sustainable. This is just a project for the ultra rich. Why copy Dubai or America sprawling when there is Japan, Netherlands to look at?
@omzy8700
@omzy8700 2 жыл бұрын
Yh I agree and the prices are extremely high my god ,how are they going to sell to 200 thousand people this apartments where even the 99.9%of the population in the UK cannot afford places like this ,how can the local pay for $1.5 millions for an apartment, in my point the hardest part for this project is going to be selling those apartments in my opinion.
@goldenismonica1522
@goldenismonica1522 2 жыл бұрын
Nigerian so called leaders are clueless and without vision. Perhaps it is by design. No trains and no buses ensures poor people are kept out. When Nigeria implodes and the poor begin to eat the rich, do you think they want to be easily accessible? Most Nigerians can’t even afford Ikoyi or Maitama (most houses there are vacant) but they want us to believe this will benefit the masses that earn roughly $5,000 per year or less lol This project is for foreigners who will take over the place and keep Nigerians out. Don’t be surprised you’ll see “no Nigerians/Africans allowed” posted in their cafes, restaurants, and night clubs.
@Braimoh
@Braimoh 2 жыл бұрын
Honestly Japan China This people are very innovative
@ayoiawe
@ayoiawe 2 жыл бұрын
@@Braimoh U're right. Japan is extremely innovative when it comes technology. Singapore too. A country with issues similar to Nigeria and In 30 yrs, they have changed the course of their history for the better. Nigeria is at a high risk of a water crisis and haven't even taken aggressive steps to course correct. Its sad.
@DonInADress
@DonInADress 2 жыл бұрын
Nigeria really needs to adopt a Singapore model
@Africanbloke
@Africanbloke 2 жыл бұрын
Dubai would have had this up and running in five to ten years. Something has gone wrong and nobody is telling.
@obinnaezealah2465
@obinnaezealah2465 2 жыл бұрын
Places like Dubai are doing things the right way, Nigeria loves working backwards. The first thing you do if you want to build a new city is to attract businesses and not apartments.
@ebukaibekwe5032
@ebukaibekwe5032 2 жыл бұрын
@@obinnaezealah2465 I just tire.
@tvs9978
@tvs9978 2 жыл бұрын
Dubai did have the buildings up and running quickly. But you know what happened afterwards? The buildings sat empty for years because they built too fast. Organic growth is also important
@proverbalizer
@proverbalizer Жыл бұрын
Even Dubai's fake man man islands have all been abandoned too...you can't cheat nature and rising sea levels
@kelvinkimani1853
@kelvinkimani1853 Жыл бұрын
Dubai is rich....buts am sure the project will be something by 2030
@xpresstv7689
@xpresstv7689 2 жыл бұрын
When i called this project a white elephant in another snowflakes caught feelings...... I live and work in dubai and i have seen similar projects that have bn simply abandoned cause of the cost of setting up and maintenance..... To make it worse some are sinking.
@Orion2525
@Orion2525 2 жыл бұрын
It is not just beyond the affordibility of the average Nigerian, it also beyond the average American. If the expense is the reason for the emptiness, then it is overpriced.
@Chainbreak2023
@Chainbreak2023 2 жыл бұрын
It is a dangerous pkace mot safe. So close to the sea. You will sleep there and wake up unfer 💧 water.
@PepTalkTillYouDrop
@PepTalkTillYouDrop 2 жыл бұрын
All the lands have been sold already. In fact, some of the finished apartments have been bought. What's left now is for buyers to start building which some of them have started.
@yurlim
@yurlim 2 жыл бұрын
@@PepTalkTillYouDrop keep tickling yourself
@azeezlawal5539
@azeezlawal5539 Жыл бұрын
@@PepTalkTillYouDrop for obvious reasons, you missed that part where he said there are 21 lands still up for sale, just go to 04:19.
@zeeqq105
@zeeqq105 2 жыл бұрын
The fact is everywhere in the world they are building for people who are above average income. I see it here in NYC. Nobody can afford to live in these apartment buildings they are building. It’s so bad here they are offering free rent for two months. I’ve never seen that in NY only in other cities. But at least in Eko Atlantic City will bring jobs. Nobody cares about regular people.
@ojimma8819
@ojimma8819 2 жыл бұрын
The question should be: why is the price inflated? at $1.5M in Malaysia(KL)/China (bin)/London/Paris, just imagine the heaven u will get, compare to what Nigeria will offer at the same price, which is why the project hasn't gone anywhere since 2002/2009. Even development in Nigeria is overhyped. Compare to what u will get in Kenya/Ghana/Namibia etc.
@goldenismonica1522
@goldenismonica1522 2 жыл бұрын
Exactly It’s just corrupt with no regulation. Who will pay $1.5 million just to be in a country without good healthcare, insecurity, and the real possibility of civil unrest and civil war breaking out at any moment. Your investment will not be safe, no matter how “good” the economy may seem. Ghana for west Africa Kenya for East Africa Namibia and Botswana for Southern Africa, etc
@Chief_Commander_MBE
@Chief_Commander_MBE Ай бұрын
​@@goldenismonica1522guy rest the investors have invest their money and they know what they see before they do so, you can not tell them otherwise because they've do all the analysis before they invest billions of dollar there.
@Chief_Commander_MBE
@Chief_Commander_MBE Ай бұрын
They simply build it for foreign investors to attract them and come to Nigeria and the project is funded by private investors. Stop complaining about everything yet you are not doing anything to make improvement, those countries you are talking about start somewhere so if you run go there who will build your own country?
@mickyarams
@mickyarams Жыл бұрын
Tayo Aina did a video some time ago on Eko Atlantic and he revealed the average price of an apartment there is about $2million. I haven't seem anything in this place that warrants that price.
@pierrebush662
@pierrebush662 Жыл бұрын
Building luxury housing for a country that desperately needs affordable housing was a moronic idea....the demand isn't there...that is why the area hasn't been developed....regular people can't afford to live in this location...
@Voltaron.
@Voltaron. Жыл бұрын
My issue is, why would I spend that much in a place that's not sustainable (we Nigerians know that maintenance here is silly).
@jamestochi978
@jamestochi978 Ай бұрын
Abia state is open now for such project. Let's build our own in Aba.
@letstalkafrica4072
@letstalkafrica4072 2 жыл бұрын
African should stop investing in those things for now... The should invest in constructing industries and invest in agriculture... Instead of building those things that we do not currently need
@missdee212
@missdee212 2 жыл бұрын
It would have been better to develop land outside of Lagos. There are many areas worldwide that is evidence that they should not build on "reclaimed" land.
@cutthebullshi
@cutthebullshi Жыл бұрын
I grew up in Africa, I ran 2 small businesses in Africa, the problem is most African politicians and commissioners who oversee these projects are very corrupt, they always look for their “CUT” before the project even begins. Another problem is, the Chinese companies which do most of the construction build poor quality structures. No consumer likes mediocre quality when purchasing a condo or a house. And African real estate developers need to be realistic with pricing.
@weiSane
@weiSane Жыл бұрын
That's what is going to break this project.
@naturalblockade3412
@naturalblockade3412 Жыл бұрын
There are 54 countries in Africa. So, which country are you referring to?
@cutthebullshi
@cutthebullshi 9 ай бұрын
@@naturalblockade3412uganda to be specific. But such practices are very common in most African nations.
@DigitalJuggernaut
@DigitalJuggernaut 2 жыл бұрын
Eko Altantic is a money grab for the govt. Why does it take 13 years to complete a project of this magnitude? and what happened to the allocated for the project the entire time
@MrNoNonsenseYes
@MrNoNonsenseYes 2 жыл бұрын
We need these new cities in Africa, comes with small,small negativity ofcourse but the positive side of it is so huge. One can not ignore.
@derickofodirinwa5104
@derickofodirinwa5104 2 жыл бұрын
Don't need new cities, we need to fix old ones.
@marcusdavidson5776
@marcusdavidson5776 2 жыл бұрын
Be careful of what you ask for,these incompetent leaders may be selling our lands in our eyes 🤔🤔
@elijah5682
@elijah5682 2 жыл бұрын
@@derickofodirinwa5104 no we need to do both
@derickofodirinwa5104
@derickofodirinwa5104 2 жыл бұрын
@@elijah5682 I still disagree. When you build new cities, economics and humanity has it that attention will shift. The prices at the previous city will drop. Their tax revenue will drop. Property value (#1 source of accumulated wealth for ordinary ppl) will drop. The new city will only be affordable for the rich. The rich, who are not homeless, will use it to accumulate 2nd-4th-9th houses. It will contribute no additional wealth. But if you take your city that's already there, already proven it's economic viability, and invest your 'new city' money into renewing the old city, all of the property owners (regular people), will see the value of their investments skyrocket and you create several new rich people. The Dubai/China style city that's planned from someone's head has proven again and again to not work. Many like the aesthetics of a new city and that becomes more important than the logic and practicality. Nigeria already has a fully functioning planned 'new city' called Abuja. Abuja's existence has not impacted the lives of the average person, and is primarily a place for politicians to buy multiple houses. It nice and modern but the immediate impact on even its surrounding communities has been what I described previously
@MrNoNonsenseYes
@MrNoNonsenseYes 2 жыл бұрын
@@derickofodirinwa5104 Name me one country that is a first world / developed country today that didn't start with building new cities or at least one new city. Lemme name a few that did build new cities or did a major upgrade n it turned out to be the best thing to have ever happened in those countries. USA - New York, China - Shangai, Ghuanzou and Shengen, UAE - Dubai and Abu Dhabi, Italy - Milan, most these cities are not original capital cities of these countries, they were build later with a vision to revolutionise Trade, Tech, and research and some were designed as tourism herb the main purpose was to boost economy and to create new jobs in those countries. The rest is history , won't say much.
@oceejekwam6829
@oceejekwam6829 2 жыл бұрын
For all the modernity of this district, why are there no rail lines there. Can you imagine trying to move round the financial district of Hong Kong, Singapore or any other major commercial hub around the world? You did examine pace of construction which being polite can be described as "sloth-like". One does wonder will it ever be completed? Compare that with what's happening in Bangkok (Thailand), you will see we have "fallen right off the pace!" The fact is Lagos isn't immune to the troubles of the turbulent economy and until government decides to follow improved policies this project will continue crawl forward at a very slow pace. Thank you for asking and answering so many questions about this project.
@oceejekwam6829
@oceejekwam6829 2 жыл бұрын
@DemiKhay Africa TV Thank you DemiKhay Africa TV.
@torsten_g
@torsten_g Жыл бұрын
It's so sad. I like nigeria, has worked here many times around Abuja, have seen the great potential of the country. But i have seen thousands of empty new homes, bad infrastructure, bad watersupply, bad energy supply, al lot of rubbish along the street and people who a busy surviving all day long. EKO Atlantic doesn't solve any problems of Nigeria. More important is a stable energy supply and energy efficient handling with it, developent of new energy systems like wind turbines, solar, solarthermy, biogas plants, a stable drinking water supply for all Nigerians and 100% waste water treatment, develoment a organic farming, a good public transport system.. But it's first fight against corruption and equitable distribution of income from all oil sales. A investment in educucation is better then EKO Atlantic. Good save Nigeria! Best regards from Germany!
@torsten_g
@torsten_g Жыл бұрын
God save Nigeria :)
@davetv4705
@davetv4705 2 жыл бұрын
I have mixed feelings when it comes to Eko Atlantic. It's good in terms of environmental protection but bad in terms of socioeconomic imbalance in Lagos/Nigeria. Thanks for clearing the air, Steve.
@akinoladamilola5021
@akinoladamilola5021 2 жыл бұрын
If good for the environmental protection of that area but another coast line would definitely feel the impact.
@akinoladamilola5021
@akinoladamilola5021 2 жыл бұрын
@G best they can do is simulate but they definitely don’t have the data to simulate with. I’m sure they’re seeing the impact around by now in places like oniru and environs.
@amandaeguale1641
@amandaeguale1641 Жыл бұрын
What’s wrong with you Nigerians, always complaining
@tmajec
@tmajec Жыл бұрын
@@akinoladamilola5021 smart brother 👏🏾. Most people many not understand impact assessment elsewhere along the shoreline.
@charlielindunk1008
@charlielindunk1008 Жыл бұрын
For those who are customers of the therapy med spa in Eko Pearl in Eko alantic, this warning is for you, the owner of the therapy med spa in Eko Pearl in Eko alantic is a witch and a prostitute and if you are ready to loose your husbands, for the women she can distroy your beauty just to make sure that you die in pain and slowly, she can also set your husbands and children up just like she did to the contractor lady who cleaned the therapy med spa, she paid the people where the lady stays to drive her away thinking that she will lead them to her family members so that she Tayo Ibrahim zibiri and her husband can murder them which she didn't do because someone inform her of their plans and Tayo Ibrahim zibiri and her husband have paid their hired assassin to rape and get this lady contractor pregnant where she stays, now Ibrahim zibiri and his useless and prostitute wife are fighting this lady because she is poor and every where that she seek for contract Tayo Ibrahim zibiri and her husband have been going there to tell them not to give her the contract and I saying this, Ibrahim zibiri and Tayo Ibrahim zibiri after you finish burying your whole children, you will die a miserable and a painful death and if you think that your jazz will turn it like you have been sending your hire assassins to do then you fail this time because we also know that you knew her even before she cleaned for you because you sent your hire assassin to murder in the year 2020, we are watching you, for you in Eko Pearl in Eko alantic, Ibrahim zibiri and his useless, prostitute wife are gboko haram and since you all have been warned and have refuse to do anything about it, then on the that Eko Pearl in eko in eko alantic collapse, then you can die with them because birds of this same feathers flowns together, anything that will happen let it happen now because for you Ibrahim zibiri and Tayo Ibrahim zibiri the battle line is drawn
@nobs997
@nobs997 2 жыл бұрын
Lagos state is full to the brim 20/30 years ago, the only way to make the infrastructures work and add real value to the properties is find a way to decongest the state.
@oceejekwam6829
@oceejekwam6829 2 жыл бұрын
Yes, finally someone is stating the obvious. It seems silly over-stuffing an already full can of sardines.
@onweobinna2644
@onweobinna2644 2 жыл бұрын
You do realise real estate is expensive in Lagos because of the high demand for affordable housing in the city.
@tmajec
@tmajec Ай бұрын
@@onweobinna2644it’s expensive due to scarcity. Then ask yourself why it’s scarce.
@OmarAlikaj
@OmarAlikaj 2 жыл бұрын
Despite the good concept, the price points were the dumbest thing about Eko Atlantic City. If completed, like northern parts of Beirut, it'll only be good to visit, not live there.
@harunnganga4957
@harunnganga4957 2 жыл бұрын
I think nigerian govt should own the land and lease it out in favourable rate with taxes rather than selling it expensively
@yinka2615
@yinka2615 2 жыл бұрын
It's a private investment with land reclamation cost with infrastructure investments in excess of $6bn. How do you expect the investors to recoup the sunk cost with cost of funds and profits? Selling it for cheap is the easiest way to ensure coastal states like Rivers, Bayelsa, Ondo, Akwa-ibom will never get private investment in urban renewal
@harunnganga4957
@harunnganga4957 2 жыл бұрын
@@yinka2615 i thought Nigeria was a big boy $6b shouldn't be much. Anyway private or not for an investor it doesn't make sense i would need to write 1000 words to explain look at dubai,uk us choose to own and build rather than private owners buying and build
@dejijames4516
@dejijames4516 2 жыл бұрын
@@harunnganga4957 Dude, land ownership is not controlled by the Nigerian government but the states. Nigerian government has no power to lease any land without the state approval.
@harunnganga4957
@harunnganga4957 2 жыл бұрын
@@dejijames4516 anyway lets wait for another decade and see hope not 4 more building built
@yinka2615
@yinka2615 2 жыл бұрын
@@harunnganga4957 $6bn is more than 2 years revenue of Lagos state the state with the biggest revenue in Nigeria and at least a quarter of forex earnings of the entire nation. Even $100m investments can't be thrown away on the alter of big boy please.
@goldenismonica1522
@goldenismonica1522 2 жыл бұрын
Also for a city like this to work they need to move the international airport to the lekki ajah area because no foreign National will want to land at that joke of an international airport, then drive through the dirty streets of the mainland, drive across third mainland bridge with a full view of makoko slum, then pass through Lagos island, VI, before getting to Eko Atlantic. Give or take traffic conditions this could be 1 hour to 3 hours spent on the road. They should relocate the airport to lekki ajah and then build a light rail system that will then connect all the way to eko Atlantic, with stops in between of course. Or build a feasible highway that will allow you get from the new airport to eko Atlantic in one hour or less. The idea is good on paper but there are too many elements missing to make this a successful project. Take care of the poor and working class and all basic infrastructures and securities, and the rest will sort itself out.
@goerealtors
@goerealtors Жыл бұрын
wonderful piece
@dicksonlegend5607
@dicksonlegend5607 Жыл бұрын
As we speak there's only on road connecting Victoria Island to ajah all the way to ibeju Lekki and epe, just one road o, and we all know how congested that axis is. To make it worse the coastline which would have been used for a super highway starting from Eko hotel has been sold to estate developers. There are hundreds of estates on that stretch with just one access road. It's very pathetic
@markredondo1773
@markredondo1773 Жыл бұрын
There is plan to build another international airport in Lekki axis
@lebogangtebele8712
@lebogangtebele8712 2 жыл бұрын
The fact that it's all started somewhere around 2006 and fast forward to date (16 years later) and also bear in mind that Nigeria is getting poor and poorer despite the fact that other developments are taking place there and there and some buildings are busy collapsing. Nigeria was sold a dream.......THIS PROJECT HAS FAILED DISMALLY. ITS TIME TO LET IT GO.
@wasiukareem1906
@wasiukareem1906 2 жыл бұрын
More issues to be discussed and to always be discussed. Yes, why a poor country isn’t bothered about being poor, maybe cause it’s third. Lagos won’t get Nigeria anywhere! I see comment about airport, A well sophisticated program. Epe mega projects could easily be connected by ferries and the rest… 😁 With life expectancy, which youth generation will partake in the 400k jobs!!! 9ja, this project is not needed for now!!! Tebele, keep reminding people pleaser, we don’t need Lagos alone, wake up, this tourist stuffs is being done in other part of Nigeria yet we’re still third world and nothings gonna change!!! It’s all programmed, the colonialist ensured the programs won’t fail, wake up and rethink, youths 🤣 don’t get carried away with 400k jobs that won’t reach your 3rd generation from 2022. 9ja my country, peace
@tosinojo7310
@tosinojo7310 Жыл бұрын
lol....jelousy
@igbounitedforum3386
@igbounitedforum3386 3 ай бұрын
Well said. The project is a misplaced, waste of time and money venture. It's very clear to see if you can project into the future after extrapolating the various social and economic trajectory of Nigeria. 1. Non existing pipeborne water system in the whole of Nigeria. 2. Dilapidated and grossly inadequate electricity generation and distribution in the whole of Nigeria. I've always pictured in my mind the rest of Lagos with Eko Atlantic given the infrastructural disparity that will be very obvious and my conclusion has been that it won't happen. 3. The social and economic future of Nigeria is bleak so what exactly is the city being built for? If you study the development stages of all developed countries, you'd notice that the basic needs of the society where met with visible results before bolder projects were considered for investment. Nigeria currently cannot feed herself, have terrible roads and transport systems, no pipeborne water, poor electricity, grossly inadequate number of factories and industries, abysmal health care system, poor basic salary and inadequate housing even in Lagos. How will Eko Atlantic City improve any of these fundamental inadequacies? I see no tangible benefit it will add apart from just the beauty of the city and bragging rights for some individuals. A little search on youtube will reveal many of such failed projects in many countries which some how the brains behind it are yet to see. Well I say, good luck to them.
@jyde50
@jyde50 2 жыл бұрын
Pheonix tower is also under construction, you did not mention that.
@GeeInUs
@GeeInUs 2 жыл бұрын
Why would anyone want to come when the basics aren't set. Electricity is still a problem, clean, drinkable water is an issue and corruption is rife and insecurity and instability is the order of the day In business terms investing your money into something that there is no yield after 13 years is what you classify as bad debts
@abi010390
@abi010390 2 жыл бұрын
This is exactly it why would a wealthy person invest in such a place and not have peace of mind when there are so many other places to consider. We are deceiving ourselves to be honest.
@LeRoux2451
@LeRoux2451 2 жыл бұрын
The delay is going to cost the developers 10× the original estimated price. We have seen similar delays on power plants projects here in South Africa. Maybe you should look for original developers and ask them what happened.✌️
@eniolabakare6839
@eniolabakare6839 2 жыл бұрын
This one thing you always see reoccur through out Africa always delay after delay you will never see this in Europe or Middle East why must African infrastructure take so long to complete
@SynergyEnergy33
@SynergyEnergy33 2 жыл бұрын
@@eniolabakare6839 because by design Africa is primarily a consumer continent, very little of anything is actually manufactured there. So starting costs to build in most places in Africa are much higher than in anywhere else in the world, almost everything has to be sourced elsewhere and brought there to begin a project, this often includes suitable workers, foreman, engineers and supervisors for the projects as well. Poor infrastructure to transport supplies and equipment to the job site causes more expense. A presence of insatiable corruption at the top is another major extra expense as many hands need to be greased in order to keep the project from being purposefully bogged down in red tape.
@okoriesolomon7797
@okoriesolomon7797 2 жыл бұрын
@SynergyEnergy we are just so backward in Africa 🤦🏽‍♂️
@williamsolawale4208
@williamsolawale4208 Жыл бұрын
@@okoriesolomon7797 yes you are right, which is why me, you, our children has to make the change(become producers, investors etc) and the continent will be great again.
@olanrewajudaodu7800
@olanrewajudaodu7800 2 жыл бұрын
Eko atlantic city is not bad with the pace of development remember that Abuja Centenary city started at the same but as at today not even a building in is standing there. Let us encourage the developer of eko atlantic city.
@josephjames6339
@josephjames6339 2 жыл бұрын
There are enough wealthy Nigerians to turn Nigeria into a world class country, but too many of these developments are given to foreigners who could care less about the completion and who either want to stop progress due to other investment or are looking for profit that is not there. It is ridiculous.
@ekpo-itaattah7625
@ekpo-itaattah7625 2 жыл бұрын
The game changer for Eko Atlantic shall be the commencement of construction and completion of the new US Embassy complex that is scheduled to be sited there..if the Embassy project is completed it will trigger numerous other developments on the peninsula..but unfortunately all financially out of the reach of the average Nigerian..
@wasiukareem1906
@wasiukareem1906 2 жыл бұрын
And more means to exploit 9ja, knowing they already have in mind third world citizen would wanna immigrate, why persuade them to pay for visa application fee? Simple things should be kept simple. 9ja my country, peace ✌️
@wordsbymaribeja1470
@wordsbymaribeja1470 2 жыл бұрын
Having a US embassy of an island is literally inviting the coloniser onto your land, it's a horrible idea, 'embassy' my arse, it's a military base.
@theancientsancients1769
@theancientsancients1769 Жыл бұрын
Nigeria must focus on tourism and earn hard currency ! Yes many Nigerians can't afford this but this will create jobs plus bring in tourist and that will open more projects
@abdulwasiujegede3923
@abdulwasiujegede3923 5 ай бұрын
The city is majorly to housed offices and business. The complain that the common man can't stay there is not valid, city are not definitely built by private developer for people that can't afford it but ultimately, the poor and middle class always benefits in the form of jobs and business opportunities
@Shadow_Blazer
@Shadow_Blazer 2 жыл бұрын
I actually like the idea of this project, this looks like this city could be for the future. Good luck Nigeria,🇳🇬 I wish I had money to invest and build my very own tower. Love from South Africa 🇿🇦
@user-de6nj8pb3f
@user-de6nj8pb3f Жыл бұрын
Even Sandton was empty in the 1970s. Nigeria will eventually make it happen. The slow growth is what is needed for the city to grow organically.
@makteko
@makteko 2 жыл бұрын
I can understand the skepticism about this project but the success of this project is very necessary for Nigeria. I truly hope this project will be completed and improve the lives of everyone in the city. Much love, SA.
@wasiukareem1906
@wasiukareem1906 2 жыл бұрын
Is SA a city? If yes, where? Thanks and regards, yours sincerely, none program loop 9ja citizen 9ja my country, peace ✌️
@bettyray9220
@bettyray9220 2 жыл бұрын
@@wasiukareem1906 It will take years to complete. Nigeria right now is not attracting foreign investment, nor tourism either. The Chinese are the only race coming to Nigeria for expoit Nigeria with useless large projects like airports etc. Right now their economy is tanking so who are the new investors for this white elephant project in a country with safety and fluctuating curreny issues? The equation is rather bleak.
@valentineisraelshabangu4069
@valentineisraelshabangu4069 2 жыл бұрын
How about improving existing cities like Lagos, Abuja, Kano than trying to build a new city
@valentineisraelshabangu4069
@valentineisraelshabangu4069 2 жыл бұрын
@@wasiukareem1906 SA is south Africa just showing love come on
@dmedilicious8488
@dmedilicious8488 2 жыл бұрын
It's not necessary for Nigeria. Nigeria should be decentralised instead of doing the bidding powers that be.
@daikon3199
@daikon3199 2 жыл бұрын
As I live of country I don't get authentic information from the press in Nigeria, so this channel to me is a gem... And I thoroughly appreciate that your using your voice to spread authentic news for Nigerians like me.
@StevenNdukwu
@StevenNdukwu 2 жыл бұрын
Thanks for always watching 💪
@thejamescarringtonpodcasts3509
@thejamescarringtonpodcasts3509 Жыл бұрын
See this is why I don’t put stock into any “big” project that’s lauded by politicians down on the continent.
@eyeofthetiger6002
@eyeofthetiger6002 Жыл бұрын
Is this Eko Atlantic city easily accessible to Lagos airport? If not then you can forget about international investors locating there. For comparison, Canary Wharf here in London's second financial district has its own small international airport nearby called City airport and also Heathrow airport can be reached directly via the newly opened Elizabeth rail line in around 40 minutes.
@proudlyafrican6240
@proudlyafrican6240 2 жыл бұрын
Thanks Stephen for another great video..Let me give my thoughts on some of the comments you made. Firstly, Eko Atlantic not be available to every Nigeria..No need to sugarcoat it..Most Americans can’t afford to live in Manhattan or the posh areas of Las Vegas..and some Emirates can’t afford the high end houses in Dubai..This is how life works especially in a capitalist society..There are different projects for different income levels..if you don’t earn millions of dollars or don’t have access to such credits, then look elsewhere..Lekki is there..Ikorodu is there..This is how it is everywhere around the world..No developer will spend billions of dollars on such a project then turn around to sell them at a loss just so ordinary Nigerians can afford it..Never happened..Won’t happen! Secondly, the reason the project is delayed is because Nigeria is not able to attract foreigners..Most houses in Dubai are owned by foreigners..If you can’t sell your country to the world, then you will have a hard time selling such million dollar homes only to your nationals..won’t work..you need foreign money to buy such projects..Nigerians in diaspora, their friends..our musicians and their friends..footballers and their friends..We need to be able to convince the multinationals to move there..We need to be able to market Nigeria..Make it a holiday destination or a place most world stars would like to own homes..No other way..otherwise the project will stay there for 100yrs
@josephjames6339
@josephjames6339 2 жыл бұрын
There are enough wealthy Nigerians worldwide to finish this project I guarantee... anyone that says any different is a fool. There are enough wealthy Nigerians to get this done. Kick out the developer and get this thing done.
@enabulujames7066
@enabulujames7066 2 жыл бұрын
@@josephjames6339 Getting the project done is different from people coming to buy or own houses or projects there.
@tuoyojaft
@tuoyojaft 2 жыл бұрын
Well said honestly you have said it all . People need to understand there is a difference between luxury real estate and affordable real estate
@proudlyafrican6240
@proudlyafrican6240 2 жыл бұрын
@@josephjames6339 do you really need to call anyone a fool for their opinion?
@PepTalkTillYouDrop
@PepTalkTillYouDrop 2 жыл бұрын
Well, the developers actually said they've sold all the properties there and all that is left to do is for the buyers to build on their properties.
@aliceeffiong4196
@aliceeffiong4196 2 жыл бұрын
I knew this was going to be a problem from the beginning. will any of these multinational companies pay their employees at least $100000/ year? based on the prices of the apartments in Eko Atlantic, you need to be making atleast $100000/year. which means most of their workers will be living on the mainland and commuting to Eko Atlantic
@goldenismonica1522
@goldenismonica1522 2 жыл бұрын
Most living there will not be black Africans!
@adamasimolowo8285
@adamasimolowo8285 2 жыл бұрын
this is a good point. companies shouldn't lowball their workers because of the strength of the dollar compared to naira. pay them equal.
@Prince_ay
@Prince_ay Жыл бұрын
CORRUPTION - A simple answer to a complex question.
@alphonseonye3009
@alphonseonye3009 2 жыл бұрын
Trust Lagos, the city on the fast lane. The place will not be empty after sometime, cos the real clients who can afford it will eventually show up. I believe any prospective developer will meet some specification for a modern and smart city. Perhaps, that is why the USA is building its biggest consular office there. Anyone who saw the scanty nature of Victoria island 40 years ago, will not believe the level of development we're seeing there today. Take the Ozumba Mbadiwe avenue as an example. Lekki was bush, with the conservatory, maiyegun beach and the Mobil headquarters at sandfill. Today, Lekki is fully developed, to the amazement of many people, if you were opportune to see the Lekki peninsular development plan of Lateef Jakande. So also, other areas in Lagos
@bigsamkay
@bigsamkay 2 жыл бұрын
There's a reason its still empty after 10years. Nigerians are poor for the most part. Only thieves and corrupt politicians can afford it and the country is not safe enough to attract outside investors. Naira is too volatile and basic amenities are a premium. Why would any sane person from abroad buy houses at exorbitant prices here?
@tanyacaberro2546
@tanyacaberro2546 2 жыл бұрын
I don't get it, you're happy that their building eko alantic when 98% of the people can't afford to live there? Nobody wants to live in hell a.k.a. Nigeria
@bigsamkay
@bigsamkay 2 жыл бұрын
@G lol. True. Although I meant they have enough to afford it. Whether they spend is another thing. They'll probably buy a few so they can store raw dollar notes that have been looted from Nigeria's coffers
@cristiano4289
@cristiano4289 2 жыл бұрын
@@tanyacaberro2546 There are many that can afford it in Nigeria but they won't want this when there are other available options. $3 million dollars will be too small from Nigeria oil money, corrupt politicians are embezzling more day in day out. Some just stole $11 million dollars worth of oil few months ago. They just won't want people to know they have the money that's why they can't spend on this project
@wasiukareem1906
@wasiukareem1906 2 жыл бұрын
You’re sure to be in the program loop. I see someone state $11m vessel theft, well, it ranges in $100m for vessel theft. See, Lagos won’t drive 9ja to any where. I even decided to spend time in Abeokuta, I discovered they don’t have good food there despite its not far fetched from Lagos, oh, people didn’t explore importing from Lagos? Let the media keep deluding the ones in the program loops
@khodahh
@khodahh 2 жыл бұрын
The justification of the high land value because it's reclaimed land is not enough... You can buy an apartment in Tokyo bay on reclaimed land for less than that ... And in Tokyo you have access to transportation, services, healthcare, education ...
@MatheusAlves-np6ou
@MatheusAlves-np6ou 9 ай бұрын
Hahah. All this must be a joke
@TheMohanroache
@TheMohanroache 2 жыл бұрын
That city will never be completed in our lifetime. If it does it will take investors passing on dubai, nairobi, South Africa and rwanda. Its a failure because in dubai that size city would be completed in less than 6 years
@goodallknight7847
@goodallknight7847 2 жыл бұрын
All the current signs for the economy point to a global recession and collapse of the real estate market. Eko Atlantic is stifled due to a clogged pipeline of investment and cash flow. One of the tragic parts about Eko is the absence of advanced transportation infrastructure. Many investors see that as an impediment to attracting homebuyers and commercial activity. No one wants to pay that much only to have choked traffic substandard automobiles and poor air quality be repeated in what is supposed to be an upscale development. Hopefully, this will all be worked out so that it is at least affordable for Nigerian and Black professionals from around the world. Something has to be done so that Diasporans will be encouraged to take up residence and business ventures in Eko.
@purplehaired_girl1174
@purplehaired_girl1174 2 жыл бұрын
Even diasporians can't afford this ridiculously overpriced place with basic amenities 🙄 the hype just doesn't justify the investment. I see this going downhill real quick, because for the prices listed you can get something so so much better in a developed country.
@williamsolawale4208
@williamsolawale4208 Жыл бұрын
@@purplehaired_girl1174 like where excatly? To build this things in Africa is more expensive. But watch and see when it comes life in our life time
@williamsolawale4208
@williamsolawale4208 Жыл бұрын
@@purplehaired_girl1174 yes the average diaspora might not be able to afford it.
@purplehaired_girl1174
@purplehaired_girl1174 Жыл бұрын
@@williamsolawale4208 and yet Africa is the country that supplies the raw materials for a majority of these products built. We have to be honest with ourselves and stop charging a premium for basic amenities, for the price they are offering for these buildings you can get something much better in Lekki, Ajah, VGC etc. It is just expensive because of the "location".
@purplehaired_girl1174
@purplehaired_girl1174 Жыл бұрын
@@williamsolawale4208 even wealthy Nigerians would not necessarily want to put in so much into something that doesn't offer that much. Rich people are not stupid, if they were they will not be rich.
@NoLies70
@NoLies70 6 ай бұрын
Wonderful vision. But dont also forget that human technology cannot stop the forces of nature. No matter the strength of the wall, it can still cooperate with nature and give way someday. Wishing you all the best 🙏🏻
@agboetta1470
@agboetta1470 Жыл бұрын
Nigerian economy is too weak to allow its citizens to acquire such lands. We need a Govt that can stimulate growth and economy so that people can earn up to at least $36,000 annually
@moeokoye9915
@moeokoye9915 2 жыл бұрын
It's sooo sad to see all the potential Nigeria has. I blame the money abusers 🥺😢💔🇳🇬
@hortenseclarke2589
@hortenseclarke2589 Жыл бұрын
They need a mixture of people of different financial level in the community, high, middle and low income. I think the law in New York states that luxury apartment owners must designate certain numbers of units in their building to low income tenants. Another thing, that place is not ordinary. Millions of our ancestors were taken from those shores in chains to the Americas, and millions are buried in the Atlantic Ocean. Personally, I think that those land should be used as a memorial to the victims of the Transatlantic Slave Trade. A lot of blood, sweat, tears saturated that land. Places have memories, and many atrocities were committed on those land.
@ebisliva7700
@ebisliva7700 Жыл бұрын
Wow what an SJW post! We should dedicate the entire Atlantic Ocean to become a slave memorial/museum 😂
@charlesburleson1050
@charlesburleson1050 Жыл бұрын
God bless your knowledge.....I hope they can see this
@doctaler
@doctaler Жыл бұрын
whaaa?
@femzinho0
@femzinho0 Жыл бұрын
bro what eko atlantic land is man-made from not too long ago it wasnt used for slave trade
@hortenseclarke2589
@hortenseclarke2589 Жыл бұрын
@@femzinho0 It's reclaimed land that was buried by the Atlantic Ocean 🌊. Once upon a time it was physical coastal land that people walked on, but due to erosion it got covered with water 💦🌊. So, they poured sand or whatever and rebuilt it. Lagos was a primary place for holding and transporting enslaved people to America and Europe. Many people in Lagos became rich off of that kind of business, including the infamous Madam Tinubu. My friend, there are lots of things we need to know.
@victortomorrow8159
@victortomorrow8159 2 жыл бұрын
I ask this question some few yrs back but one of their staff was insulting me for asking ....the land are too expensive and the kind of house or structure to built on the land is also expensive .I think Nigeria should sell Eko Atlantic city to a foreign real estate company .
@josephjames6339
@josephjames6339 2 жыл бұрын
Never... let Dangote or TAF finish it and sell houses to middle class people.
@victortomorrow8159
@victortomorrow8159 2 жыл бұрын
@@josephjames6339 Dangote is broke now ,he just finished building the biggest refinary plant in Africa,I don't think he will be able to handle Eko . But if you give him some few yrs maybe he can, I suggest.
@obinnaezealah2465
@obinnaezealah2465 2 жыл бұрын
@@josephjames6339 No. Lagos doesn't need another middle class rat hole, it deserves an upscale skyscraper district.
@obinnaezealah2465
@obinnaezealah2465 2 жыл бұрын
@@josephjames6339 No. Lagos doesn't need another middle class rat hole, it deserves an upscale skyscraper district.
@qwerty1994ize
@qwerty1994ize 2 жыл бұрын
@@victortomorrow8159 he is not broke. He just has his money tied in other projects.
@comfortayo9527
@comfortayo9527 2 жыл бұрын
This is not a joke at all. This project is EXPENSIVE. How can one do due diligent about the land or property!
@timothyodioko4601
@timothyodioko4601 2 жыл бұрын
Considering transport, be it by road or water. It's still bound to be expensive
@Sanniolumide
@Sanniolumide 2 жыл бұрын
Steven thank you for sharing this. One I stay in Lagos and Lagos alone is very expensive, and I can say that one of the biggest problem in Lagos is housing an with more than 20million people staying in Lagos so real estate is on the high side. So Eko Atlantic is very expensive to buy or to think of building a house. Secondly I think Eko Atlantic is not made for the poor. and most developer in charge of the project want to make real money from this project! My point is that this place can not grow because is expensive! Once again thank you steven!
@StevenNdukwu
@StevenNdukwu 2 жыл бұрын
Exactly
@togorealestate228
@togorealestate228 2 жыл бұрын
Totally agree with you
@Sanniolumide
@Sanniolumide 2 жыл бұрын
@@togorealestate228 Thank You!
@Sanniolumide
@Sanniolumide 2 жыл бұрын
@@StevenNdukwu That is just the basic true bro!
@nameless592
@nameless592 2 жыл бұрын
It makes you ask who exactly are they building it for.
@stroll-and-roll
@stroll-and-roll 2 жыл бұрын
In a way Eko Atlantic City is a white elephant. It will not solve the problems of the country. You should check out Konza Technopolis in Kenya and see if it can live up to its expectation. Smart cities/ planned cities often fail to accomplish what they were intended to do.
@user-144k
@user-144k 2 жыл бұрын
Living on cloud cuckoo land, what this project needs is a large wave of sunamic proportions to wash away this madness. With the average plot of land at over 1.3 million dollars it would take an average "Nigerian" whose earnings are 700 dollars per annum at least 500 years or more to be able to afford to come close to dreaming of owning property or living on the sand dune.
@nobs997
@nobs997 2 жыл бұрын
It is called the Nigerian dream.
@user-144k
@user-144k 2 жыл бұрын
@@nobs997 more like the "Nigerian" nightmare !...
@nobs997
@nobs997 2 жыл бұрын
@@user-144k 9 lifetimes to afford a piece of artificial land sounds more like a pipe dream to me.
@obinnaezealah2465
@obinnaezealah2465 2 жыл бұрын
Sir, Lagos needs a skyscraper district, the idea is sound but the execution is not. Everything Nigeria does is backwards, you build a new city and that first thing any serious country does is to attract businesses FIRST and not residential towers. There's all kinds of firms that Eko Atlantic can attract to set up headquarters and offices there. Next is to make it a tourist destination (health, leisure, and educational), after which you go after a targeted market (expatriates and returnee Nigerians). If done correctly the place will spring to life. Building expensive apartments just reeks of money laundering.
@nobs997
@nobs997 2 жыл бұрын
@@obinnaezealah2465 Where in the third world had your idea happened?
@lecyber-purgatoire9803
@lecyber-purgatoire9803 2 жыл бұрын
Also i don't get it why making new city, when you could invest money in your already not so good cities? Why not making ur actual cities better with this money? New highway, new train, buying buildings and renovating it, new public transport?
@prettydamsel9237
@prettydamsel9237 Жыл бұрын
Nigeria is really blessed i can imagine that place with big big hotels and fun things to do "tour" kind of like dubai
@Rosekavod
@Rosekavod Жыл бұрын
I am looking forward to the completion of the magnificent Eko Atlantic City project and can't wait to open an office in the Marina District. I love this. Thank you for the update
@sliceofheaven3026
@sliceofheaven3026 2 жыл бұрын
I think they made it far too expensive for the normal people to live in this new area. For the area to be built it would probably require for a lot of wealthy Nigerians and companies from outside of Nigeria to establish their headquarters in Nigeria to this specific area. But with so few buildings and services (like cafes, restaurants and so on) around in that area I dont think it is tempting enough for any person or company to relocate to this area when they already are probably established in some other part of Nigeria.
@ifehansson2254
@ifehansson2254 2 жыл бұрын
It was never built for the masses living under $1 a day. At best they would commute in to work their doing menial jobs but even with that the cost and convenience of transport to get there is an issue.
@tatama5782
@tatama5782 2 жыл бұрын
Even for the averagely rich, the prices are outrageous
@goldenismonica1522
@goldenismonica1522 2 жыл бұрын
Let’s all be realistic here. A government that has never for one day cared about its citizens wants us to believe this project will be of benefit to Nigerians? Lol. Most of the houses and apartments in VI, Ikoyi/Banana Island, Lekki or Maitama, Jabi, and other central locations in Abuja are sitting VACANT!!! Most houses and apartments in those neighborhoods are even struggling to find buyers and most of the time the people you see there are renting even if they are occupying some of those houses. So when you look at the price tag of these high rise apartments common sense should tell you it’s not for Nigerians or Africans at large. Between the economy and value of naira tanking everyday, who are they building this city for? It’s for the Chinese, Arabs, Europeans, and Indians to live while they exploit and work in Nigeria. This will be the playground for foreign nationals. You’ll soon see bars and restaurants that will say “no Nigerians/Africans allowed” and you lot will do nothing about it. See Cape Town for example and learn from their mistake. Be wise, Nigerians!
@omzy8700
@omzy8700 2 жыл бұрын
@@ifehansson2254 under $1?more like it was built for multi millionaire and billionaires,when the apartments prices start with $1.5 millions it really show that it is only built for the rich ,but this could also bring some benefit to the country as many jobs will be made.
@oladaporasheed4919
@oladaporasheed4919 2 жыл бұрын
Do U know hire much it cost to construct the city? It's and investment a private one at that! If ur asking them to reduce prices how do they make profit?
@therealist2866
@therealist2866 2 жыл бұрын
When some folks go on about Eko Atlantic not benefiting the masses, one wonders how the masses were benefiting when all of that area was under water, and Ahmadu Bello Road was already halfway washed off, with the business district of Victoria Island was under massive threat of eroding into the ocean. At least, Eko Atlantic will create TENS OF THOUSANDS OF MOSTLY NIGERIAN JOBS IN NIGERIA - from unskilled laborers to semi-skilled artisans, electricians, plumbers, carpenters, plasterers, etc., to highly-skilled professionals such as architects, designers, engineers, lawyers, bankers/financiers, etc., to suppliers, managers, subcontractors, retailers, caterers, etc.
@StevenNdukwu
@StevenNdukwu 2 жыл бұрын
Exactly
@goldenismonica1522
@goldenismonica1522 2 жыл бұрын
You are dreaming if you think eko Atlantic is for Nigerians. The pricing alone lets us know it’s not for Nigerians. The same Nigerians that are already struggling to buy houses and apartments in Ikoyi and VI (where most houses/apartments sit vacant) will suddenly en masse be able to afford eko Atlantic? Why price it in dollars? Lol The reality is Eko Atlantic is for the foreigners who work and do business in Nigeria. At best they will employ some unskilled and blue collar workers but in terms of ownership and residents, the Nigerians will be few. Learn from Cape Town Eko Atlantic will be apartheid style.
@therealist2866
@therealist2866 Жыл бұрын
@@goldenismonica1522 exactly what does your drivel have to do with the reality of my comment that the project will create thousands of jobs in Nigeria for Nigerians?! Or that it’s protected Ahmadu Bello Road and VI from being eroded?! Meanwhile, you’re right. Because, as we all know, all Nigerians (including Diaspora Nigerians) are poor. SMH 🤦‍♀️
@bjbola1899
@bjbola1899 2 жыл бұрын
The average income is 7000 dollars per annum. That’s incorrect!!! Way less than that.
@omzy8700
@omzy8700 2 жыл бұрын
Yh I was shocked initially then I look it up and it is around $2k instead ,only few African countries make on average $7k or higher in Africa .
@mytruthtv1186
@mytruthtv1186 2 жыл бұрын
It’s going to look great et al but there was once a broad street for banks etc and those of us who grew up in the 80s remember the very dignifying 2004 flats, bar beach towers that now look like the projects!! Until we elect the right people with the right intentions for Nigeria, we can try but we will continue to shake our heads in dismay and sadness!
@nollyhub4888
@nollyhub4888 2 жыл бұрын
The broad street and 1004 flats is government owned property's, this project is privately funded as he said, this alone will make the city one of the best if completed, private sectors do well more than the government in Nigeria as you know.
@wasiukareem1906
@wasiukareem1906 2 жыл бұрын
MyTruthtv, even though am not 80s, I happened to traverse broad street and marina a lot. I was told it’s all part of the sea then. Now, I can’t even pray I live in that part. In fact, it’s all businesses here and there. They even tried as much to install some won’t change landmarks there. But it’s sad the real then Lagos island barely benefit from the proclaimed Lagos projects. Yes, they suffer great issues still. If you wanna know those issues, visit the place yourself, medias can be misleading. 1004, VI. I don’t even know if it’s SMH or LOL. I was in an hotel with bad water along Adedamola Adetokunbo, hotel name redacted, Typhoid set in and was retching, I couldn’t bare it anymore and colleagues decided to rush me to a nearby hospital. We traversed 1004 and couldn’t find a hospital, WTF!!! I had to be rushed down to broad street side at 😂 St Nicolas. Omo, 😂 9ja, third world. Nothing will work, let’s stop promoting all this jargons and focus on why the term third world, why third will remain third, why since the first world knew third is rubbish, they keep robbing them and lashing them, and so many Ys. Yes, average expense is < 1$ a day. Yes, if you travel with a naira card, it’s $20 a month, why and why and why!!! You want the youths to tap into discussing about what they don’t even have access to? Then what’s futuristic is that the 400k jobs will never be for this youth generation and the next. Life expectancy has reduced thus, 3-4 Lagos youth generation won’t partake in the 400k jobs. WTF am I even saying, am analyzing unreal timelines for what doesn’t have the youths in mind, I guess am just gallivanting. ✌️
@eco-spaceconsultlimited.3740
@eco-spaceconsultlimited.3740 Жыл бұрын
My curiosity of an all-inclusive nature for the project died down the moment I heard it is 100% privately funded. Obviously they're gonna be targeting only the rich class so that they can make maximum benefit for how much that was invested to bring the project to life. I wish the government of Nigeria could take it up as responsibility to have a prototype of this or similar types that are designed to accommodate all income levels in the major cities across Nigeria. A city that completely sidelines the habitation of the low and average income levels will be a failed sociocultural society. The future is always going to house these income levels. Any project that must be built to cater for the needs of the future must be an all-inclusive one, else, it becomes a failed one from outset. May God bless Nigeria.
@chukwuemekagodson1322
@chukwuemekagodson1322 Жыл бұрын
Truer words have never been said!!
@fredricksilas8407
@fredricksilas8407 8 ай бұрын
E don talk am ❤️
@NYONAMATENDE
@NYONAMATENDE 2 жыл бұрын
These projects require commitment. There are four currently in progress in Kenya (Konza, Tatu, Mwale, and Northlands), groundbreaking for the 5th one, Nairobi Railways City, will be in June . Only Mwale and Tatu are operational (schools, hospital, already working). Konza, the largest of them, horizontal infrastructure is at 90% though its been five years since ground breaking.
@veraaddoyobo8482
@veraaddoyobo8482 2 жыл бұрын
This is Nigeria we are talking about, they take their time with everything
@bettyk9771
@bettyk9771 2 жыл бұрын
@@veraaddoyobo8482 like nyona says the Kenyan ones were nothing but just dreams
@williamsolawale4208
@williamsolawale4208 Жыл бұрын
Where are you reading your stat from
@bettyk9771
@bettyk9771 Жыл бұрын
@@williamsolawale4208 mines or his
@williamsolawale4208
@williamsolawale4208 Жыл бұрын
@@bettyk9771 his. Yours is on point and accurate
@ElegantGirlDanceHub
@ElegantGirlDanceHub 2 ай бұрын
Africa to the top
@iamtaiwoisaac
@iamtaiwoisaac 2 жыл бұрын
All you hear is,, Lagos is the only working city, lagos has the highest IGR, somebody made lagos work, bla bla bla.. but ask them what they are doing with the IGR. With IGR in lagos, no street should be left untiled, and this project should be completed in 5years, but we are not ready for this conversation. Anyways, your videos are great and I just subscribed.. keep up the good work
@StevenNdukwu
@StevenNdukwu 2 жыл бұрын
Thanks for watching
@yinka2615
@yinka2615 2 жыл бұрын
You know too little about the issues involved
@reznikboris5
@reznikboris5 2 жыл бұрын
GHANA MAN HERE CLAMING NIGERIA N WRITE CRAP MUGU
@showtime1524
@showtime1524 2 жыл бұрын
@@reznikboris5 what's your problem what does ghana have to do with this video
@anita7414
@anita7414 2 жыл бұрын
@@showtime1524 because you guys are full of hate
@monikapetrikova3076
@monikapetrikova3076 2 жыл бұрын
Steven this is great recap of what is going on. Its so sad that all this infrastructure dose not serve to its own people. So many jumps and lack of engagement with people and communities in what their real needs are. Love your sincere reporting and care. Thank you for sharing 🙏
@StevenNdukwu
@StevenNdukwu 2 жыл бұрын
Thanks for watching💪
@therealist2866
@therealist2866 2 жыл бұрын
With all due respect, rather interesting how some folks can tell that “this infrastructure does not serve its own people” and decipher what the “real needs” of our communities are better than those of us daily on the ground and actually from the aforesaid communities. SMH 🤦‍♀️
@adenchiadenchi8691
@adenchiadenchi8691 2 жыл бұрын
@NFT Daily News I totally agree with you. For example, Manhattan is an Island in New York city and only few people can afford to live there, but it provides a lot jobs and opportunities - skilled and unskilled for thousands of people that commutes daily to this USA financial hub. Not being able to live somewhere does not mean you cannot benefit in other ways.
@monikapetrikova3076
@monikapetrikova3076 2 жыл бұрын
@NFT Daily News Could is your word but truth speaks for its self. 20 years you can ask its people if they are happy and live abundant lives, this recap Steven did is great. Speaks for its self. facts speak for themselves. You can check his video from Cross River State as well. Engagement with people and communities brings happiness and caring and supports life. Many blessings of love 🙏
@ladimanuel2581
@ladimanuel2581 2 жыл бұрын
B
@chicoeur619
@chicoeur619 2 жыл бұрын
But the 400 000 people are already working in Lagos as of today. How many additional jobs would be created from this? I agree that this is a Potemkin village that doesn't reflect the quality of life in Nigeria.
@nobs997
@nobs997 2 жыл бұрын
A beautiful sunny new development for shady people 😎
@soyevans8144
@soyevans8144 2 жыл бұрын
$1.5 for a 2 bedroom? LoL... You can buy a property worth $1m in Vancouver or Montreal in Canada and get permanent residency
@samueloyeniyi2876
@samueloyeniyi2876 2 жыл бұрын
Brilliant concept. As a Town Planner myself. I'm optimistic of the potential it will bring but on the social sphere, it projects increased social stratification. We await.
@samueloyeniyi2876
@samueloyeniyi2876 2 жыл бұрын
@G done enough to have a say on this regards. Thanks.
@Stories10190
@Stories10190 3 ай бұрын
I was 15 when I watched a video on eko Atlantic. I’m 33 now. Maybe when I’m 60 they will finish
@Bolaartcreative
@Bolaartcreative Жыл бұрын
this is never be for citizens if our leaders are still believe that only the richest should be Richer then leave the poor to be poor more but if they can do equal to humanity this will change the story of Nigeria especially in Lagos for real may God help them to do right things
@adamasimolowo8285
@adamasimolowo8285 2 жыл бұрын
I just hope they hire Nigerians and promote the ones with qualifications to higher roles. Nepotism should not be a factor. Employment and Tourism are the only two benefits I see at the moment because this won't benefit the average Nigerian in my opinion.
@Ludo_Liu
@Ludo_Liu 2 жыл бұрын
that's a really huge and controversial project, thanks for the updates. Hopefully one day, average Nigerian families will be able access property in such development project. keep up the good work brother !
@proudlyafrican6240
@proudlyafrican6240 2 жыл бұрын
Sir, you have a great dream but truth is that there is no place on earth where the average citizens can afford million dollars homes..Even in US, UK, Canada, China, UAE and others..Even in some of these countries, the citizens only option is to get mortgage and mortgage their lives for life..So the question of average Nigerians owning homes in Eko Atlantic May never happen..Average Nigerian should start at Lekki, Ikorodu, Surulere, Ikeja etc..Whether we like it or not, this is how the world works
@ismailio1ola215
@ismailio1ola215 2 жыл бұрын
@@proudlyafrican6240 I'm telling you
@fesderi3933
@fesderi3933 2 жыл бұрын
Anywhere in the world you live according to your standard, it's never a controversial project, every infrastructures are on ground ,if you have money go and buy your land and start your project
@Ludo_Liu
@Ludo_Liu 2 жыл бұрын
@@proudlyafrican6240 then why building millions dollars home when this is not what the country needs ? their are thousands of empty flats all around lekki, Ikoyi, Victoria Island ... none can afford them.
@davidforrester409
@davidforrester409 Жыл бұрын
Great idea, but sadly totally the wrong location, i.e. Nigeria. The project is totally dependent on attracting major financial institutions and multinational companies. The economy is in a mess, totally inept Government, foreign exchange has gone up five fold in the last seven years, massive security issues ... and then there is the corruption indemic in the society. Why would the major institutions go there when the country is in such a bad state and getting worse by the day and there are better alternatives? I work in Nigeria, love the people but sadly feel until there is a complete change of governance and the Central Bank at the top the project is doomed to fail.
@iykeheavens8691
@iykeheavens8691 Жыл бұрын
I wish the government will see this video and read the comments under it. Thanks Stephen you are doing greatly
@billskhalifa125
@billskhalifa125 2 жыл бұрын
Impressive 👍 I think almost all the states in Nigeria has there own plan cities like Anambra get awka millennium city going on now
@chibundujula8964
@chibundujula8964 Жыл бұрын
Everyone is commenting intellectually well!! This shows Nigeria has more than just great minds. Note that the prons and cons is what makes living beautiful and same time miserable. What happens to manufacturing and production sectors, what about science, technology and research institutes. What happens to our local contents? Advertising a product with foreign currency in a Naira market is not patriotism. I agree Nigeria/lagos should be put on the global map of infrastructures and tourism. I appreciate Lagos State for the Eko city Vision. It will result to more tax on the average man on the street. As he climbs the beautiful bridges and come down, the next thing is tax.
@rotidelano9910
@rotidelano9910 2 жыл бұрын
The Anglican Church For All Nations is the first Church built at Eko Atlantic City. The piling for the Main Church building was completed in 2019. The Chapel was completed in 2021 December and dedicated for worship in January 2022.
@tmajec
@tmajec Ай бұрын
Na church go kpai una. Too much uselessness for that kontri.
@stephanie9463
@stephanie9463 2 жыл бұрын
This is impressive and groundbreaking. I love how they incorporated trees and planned the city out to the tea. I see and understand the controversies around it and those are valid. But that should not undermine the project and the positiveness of the project. If successful, which I am 98% sure of it success, it can really do a lot of good and change the narrative for Lagos and the whole country. It will impact the tourism sector, more investment into the country (with its success and the population market) and transform the country with the narrative that "yes, Nigeria can do this and has this advance city" Granted the average citizen can not afford to live there but it can be a recreational center (for commercial and entertainment purposes for everyone) and a vacation hub (to further entice people to visit the city and learn more about the country, putting the country on the map). Just some few positive attributes of the project! Can't wait to see the finish vision.
@kokojones464
@kokojones464 2 жыл бұрын
Well said, the dubai they visit do they know where the poorer people stay?
@wasiukareem1906
@wasiukareem1906 2 жыл бұрын
@@kokojones464 I can relate. 😂 Am more interested in weather this will make 9ja leave being third world, peradventure the new city starts functioning fully 👀 Maybe some insights into life expectancy in third world and which generation will partake in the 400k jobs assuming people got used to the fact that yes, some things ain’t meant to be cause of xyz. David in the video will soon be frustrated. There are several others like him in the past including several others forgotten male/female youths. Irritating, please peace, cheers
@BaybieK
@BaybieK 2 жыл бұрын
I hate to be a pessimist but judging by Nigeria's history you'll be waiting several lifetimes for that to happen. Even though its privately funded I don't think there's enough to draw enough potential [global] investors to that area...not yet.
@dmedilicious8488
@dmedilicious8488 2 жыл бұрын
With the high level of insecurity and unbelievable level of corruption, tourism will never grow in this country
@wasiukareem1906
@wasiukareem1906 2 жыл бұрын
@@BaybieK Then, prolly Steve or David should add that to next update or a revised version. I won’t be surprised overtime, the locals will dominate forcefully and a serious I don’t even know (riot, war, massacre) will happen and it’ll become a thing of the past just like other projects. I think it should be massacre cause the military around that axis 😁
@mazwideamahle4091
@mazwideamahle4091 2 жыл бұрын
I've been waiting almost 10 yrs to visit a completed EKO Atlantic , my dream was to come in through the marina in a boat...still have hope in the success of the project ...they just need yo build a school; a hospital and a world class shopping mall, and sky scrappers will mushroom in no time.
@olofinsuababatope7429
@olofinsuababatope7429 2 жыл бұрын
My perception of the city as a project liable to be periled by mother nature have changed considerably
@Comfortproperties1
@Comfortproperties1 2 жыл бұрын
Nice video Steve 👍
@femiairboy94
@femiairboy94 Жыл бұрын
An ambitious project and they should be commended however the reality is that besides banks and maybe a handful of countries like the US consulate, I don't see any serious individual who does legitimate business buying an apartment in Eko Atlantic, the reason is very clear, those individuals who can legitimately afford Eko Atlantic will look elsewhere outside Nigeria where property value will actually appreciate and there would always be a ready market, ergo Miami, LA, London etc. Besides, there are already enough luxury real estates in Lagos with nobody to fill them, a simple drive around VI, Lekki & Ikoyi at night will double down on this. Coupled with the government's poor leadership in infrastructural development (Lagos has the worst traffic in the world), I don't see any serious company setting up a regional headquarters in Lagos anytime soon.
@fortunatebabygirl8812
@fortunatebabygirl8812 2 жыл бұрын
Thank you Steve for bringing this to our knowledge
@W.GlobalAffairs
@W.GlobalAffairs 2 жыл бұрын
Why is it that African countries do not use stronger African currencies instead of the American dollar? Using the dollar puts your prices at the American level and thwarts your development. America did not start with the high prices that the dollar demands today, they arrived to where they are today with every compounding step of development in their country. In south Africa, a dollar cannot buy you anything, unless you change it into Rand. This is not by chance, but it is strategic because we want our country to develop further. This way, nothing is priced in dollars in south Africa and everything remains on the development pricing of south Africa. We are a destination of investment coz we price our goods below the dollar. If we use the dollar, we would have to equalize pricing with the dollar or allow the dollar to influence our domestic trade. As a result, our people will not be able to afford living in south Africa and foreign investment will dwindle. We asked Zimbabwe why they did not adopt the rand, but they did not have the answer to that. They are now suffering with the dollar and they, unofficially, use the south African Rand in their domestic trades. The strength of the currency without wealth in the citizens of the country, only creates poverty. When your currency becomes stronger, you have to ensure that the citizens can afford it. If not, you have to keep cutting down and balancing the currency to keep life affordable within the country.
@brunochidozie
@brunochidozie Жыл бұрын
Nigeria and building things that 95% of citizens can never afford
@bodyandmindcentral
@bodyandmindcentral 24 күн бұрын
So what. Anyone can visit and work there. You don't have to live there
@MichaelOmusic
@MichaelOmusic 2 жыл бұрын
Great commentary on this! Very important!
@solidrock7998
@solidrock7998 2 жыл бұрын
Steve, thanks for using your amazing platform in a responsible manner. I gain so much knowledge and and reference points from you. Keep fighting the good fight and keep up the good work.
@valentineiro370
@valentineiro370 2 жыл бұрын
Thanks for showing this brother, things like this can longer be hidden we are all watching
@spye-7542
@spye-7542 Жыл бұрын
Why don’t the government concentrate on building affordable homes for the poor?with electricity gas clean and running water? These are the basic things that people need to live a decent life. And I’m sure that the community would benefit and prosper leading to more self employment and business relocating to the area. Whenever I see big corporation endorsing projects in Africa I get very nervous 😢
@abimbolaowolabi4985
@abimbolaowolabi4985 10 ай бұрын
Those who midwifed this beautiful project made a wrong assumption in their demand and affordability projections. Without off takers, this project will eventually stall.
@Natural-Cute
@Natural-Cute 2 жыл бұрын
UAE projects from the past 15 Years. (1). Palm Jumeirah Development: The Palm Jumeirah Location: Dubai Work started: August 2001 Completed: October 2007 Developer: Nakheel Main contractor: Van Oord Designer: Nakheel Virlogeux Cost: $US 12 billion Size: 560 hectares (2). Burj Al Arab Construction began in 1994 Location: Dubai, UAE Completed: November 1999 Design: Tom Wright, Atkins Main contractor: Murray & Roberts, Al Habtoor Height: 321m Achievement: World’s first seven-star hotel (3). Burj Khalifa Construction began in 2004 Location: Dubai, UAE Completed: November 2010 Project Cost: US$1.5 billion Contractors: Samsung C&T Corporation, Turner Construction, Arabtec Holding PJSC, Besix, Laing O'Rourke The Burj Khalifa was Built in Only 6 Years. (4). Warner Bros Abu Dhabi Construction began in 2015 Location: Abu Dhabi, UAE Completed: November 2018 (5). Masdar City Construction began on Masdar City in 2008 and the first six buildings of the city were completed and occupied in October 2010. However, due to the impact of the financial crisis, Phase 1 of the city, the initial 100 hectares will be completed in 2015. Final completion is scheduled to occur between 2020 and 2025, and the total cost of the build is expected to hit around US$18.7 and 19.8 billion. (6). Infinity Tower Construction began in 2007 Location: Dubai Marina, UAE Completed: November 2011 Developer: Cayman Architect: Skidmore, Owings, and Merrill (SOM) Contractor: Arabtec Value: $272 million Rotation: 90 degrees Height: 305m (73 storeys) (7). Dubai Mall Construction began in 2004 Location: Dubai, UAE Completed: November 2008 (8). Jumeirah Beach Residence Construction began in 2002 Location: Dubai, UAE Completed: 2010 (9). Al Reem Island Construction began in 2009 Location: Abu Dhabi, UAE Completed: November 2011 It was a 32-month contract (10). Reem Mall, Abu Dhabi Construction began in 2017 Location: Najmat District, Reem Island, Abu Dhabi, UAE Completed: 2020 Estimated Investment Cost: $1.2bn Project Type: Retail and entertainment mall AND MANY MORE COMPLETED PROJECTS IN UAE
@caleba1257
@caleba1257 Жыл бұрын
You're forgetting slavery is legal in UAE
@ritaokigbo1297
@ritaokigbo1297 Жыл бұрын
Serious people and for the comment about slavery. When you state built by slaves. These are indentured labourers or those who come on a low wage contract. Who are then tied to the employer and can’t change. If they do so can be deported back to country of origin. Why are you naija people flocking to the place. Now the U.A.E authorities have said don’t want men under 30 years in the place.
@seniormanoa
@seniormanoa 2 жыл бұрын
Amazing video as always, I understand the sentiment behind the tweet you mentioned. There are places in lagos where you won’t be allowed to park in the premises if your car isn’t up to a particular standard. So it’s easy to see how people are talking about the disconnect between the project and the masses.
@MaryKayforever
@MaryKayforever Жыл бұрын
They could have used it for electricity or farming
@JELLYPEPPA511
@JELLYPEPPA511 3 ай бұрын
Looks very impressive i was shocked to hear you say income was 7000usd per annumn or did i hear wrong😮hope working class will earn good money when it is finished.
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