SUB-SAHARAN AFRICA - “LET THERE BE LIGHT”
Population: 183m – in 5 Africans is Nigerian GDP: $594bn – 2014 $521bn – 2013 GDP growth:Q – 6.21 %, Q – 5.54 % Major industries: Agriculture, Manufacturing, Banking, Mining, Telecommunications, Oil & Gas NIGERIA
POPULATION GROWTH OF NIGERIA
National housing shortage: 16 million housing units Growing shortfall of housing units Investment for housing shortage $280bn REAL ESTATE MARKET - NIGERIA
Mortgage industry Nigeria –Current mortgage loans as % of GDP: 0.5%, roughly $3bn –Equivalent South Africa 22% ($77bn), USA 61% ($10.2 Trillion) –Huge growth potential –Government & Banks programmes MORTGAGE INDUSTRY - NIGERIA
LAGOS
Largest population in Nigeria – Approx. 20m Largest port in West Africa Nigeria’s Commercial / Financial / Industrial centre GDP: $45bn (2014), Ghana GDP $48bn KEY FACTS - LAGOS
Lagos has 40% of the real estate activity in Nigeria Lagos housing shortage = 5 million homes Shortages in commercial & retail space OPPORTUNITIES
830 million 2 million million 2 52 million 15 million 2 21 million 2 SUB-SAHARAN AFRICA (REGION) SOUTH AFRICA (COUNTRY) POPULATION OFFICES SHOPPING MALLS
LAGOS STATE REAL ESTATE CHALLENGES Basic infrastructure needs in short supply Lagos properties must supply own utilities: - Self generated power supply - Water distribution and treatment, sewage treatment Our solution? Eko Atlantic.
VIDEO PRESENTATION
Size: 10 million square metres Residents: 250,000, Commuters: 150,000 Location: Adjacent to Victoria Island 100% Privately funded Eko Atlantic – a registered Free Zone KEY FACTS: EKO ATLANTIC
Free Zone registered companies will enjoy: Easy registration Tax and investment incentives Duty exemptions 100% repatriation of capital, profits and dividends EKO ATLANTIC IS A FREE ZONE
EKO ATLANTIC’S LOCATION VICTORIA ISLAND EKO ATLANTIC LEKKI
Independent 24/7 utilities - Independent natural gas power plant - Independent water and sewage treatment plants - State of the art fibre optic network - 90% infrastructure completed by year end VALUE ADDED AMENITIES 1/2
Easy access to public transportation - Direct access to Lagos ferry network - Close access to planned Lagos rail network - Direct access to planned West African coastal highway VALUE ADDED AMENITIES 2/2
ACTIVE DEVELOPMENTS Residential towers floor Office tower student International School EKO ATLANTIC PROGRESS UPCOMING DEVELOPMENTS 1. Shopping Mall 2. Hospital 3. Business District
EKO ATLANTIC MASTER PLAN LEKKI
SUB-SAHARAN AFRICA - “LET THERE BE LIGHT”