KEY POINTS

• Dangote plans to move his industrial headquarters to Eko Atlantic.
• FirstBank’s new skyscraper will be West Africa’s tallest building.
• Eko Atlantic is emerging as Nigeria’s new financial hub.

Africa’s richest man, Aliko Dangote, has revealed plans to relocate his industrial empire’s headquarters to Eko Atlantic City, Lagos.

The announcement comes as the district continues to establish itself as Nigeria’s financial hub, attracting major corporations shifting from traditional business areas like Ikoyi and Victoria Island.

Dangote, whose fortune stands at $28.2 billion, made the revelation at the groundbreaking ceremony of FirstBank’s new headquarters in Eko Atlantic, where he praised the bank’s bold move and hinted at his own relocation.

“I will be here very soon,” he told fellow billionaire Femi Otedola. “And I want to congratulate you on this groundbreaking ceremony.”

FirstBank’s skyscraper marks a new era for banking

The event marked the start of construction on FirstBank’s 40-story headquarters, set to become West Africa’s tallest skyscraper at 252 meters.

Designed with sustainability in mind, the building will feature 115,000 square meters of built-up space, reducing operational costs while reinforcing FirstBank’s leadership in green banking.

Governor Babajide Sanwo-Olu attended the event, officially signaling Lagos’ commitment to transforming Eko Atlantic into a premier business district.

Over the past decade, the built-up reclaimed land has transformed into a prosperous financial center that can endure rising sea levels and intense oceanic conditions.

According to Billionaires.Africa, the city is expected to house 250,000 residents and accommodate 150,000 daily commuters.

FirstBank’s decision to move from Marina to Eko Atlantic further highlights the shift of corporate activity to this emerging business hub.

Industry leaders see the move as a bold step toward modernizing Nigeria’s financial sector, with FirstBank leading the way in embracing innovation and sustainability.

Eko Atlantic gains momentum as Nigeria’s financial hub

For years, Ikoyi and Victoria Island have been the center of Lagos’ corporate world.

However, Eko Atlantic’s rapid development, combined with significant investments from high-profile business leaders like Dangote and Otedola, is reshaping the city’s business landscape.

With its state-of-the-art infrastructure, secure environment, and strategic location, Eko Atlantic is attracting businesses seeking long-term growth and international visibility.

The district continues its movement toward becoming Nigeria’s prime financial hub, which positions Lagos as a significant growing force in global economics.

As Dangote finalizes plans for his headquarters and FirstBank begins construction on its landmark tower, Eko Atlantic is cementing its role as the nerve center of Nigeria’s business world.