Connect with us

General

Lagos Unveils Black Pearl Towers in Eko Atlantic City

Published

on

black-pearl-towers

By Dipo Olowookere

Lagos State Governor, Mr Akinwunmi Ambode, on Friday evening said the State has the capacity and wherewithal to accommodate those who can dream big and realise their potentials to the fullest.

Governor Ambode, who spoke at the unveiling of the Eko Pearl Towers, a 24-storey state-of-the-art residential building, located within the Eko Atlantic City, Victoria Island, said the core objectives of his administration was to create an enabling environment for local and foreign investors alike to thrive.

The Governor who called up Chief Executive Officer of Eko Pearl Construction Company, Mr Elias Saad and Chief Executive Officer, Chagoury Group, Mr Ronald Chagoury to the stage during his remarks at the occasion, appreciated the duo, saying that they believed in the future of Lagos and did not hesitate to invest.

“Lagos State is looking for dreamers, you are more than a dreamer. What you’ve done here is nothing but just to inspire the rest of the city of Lagos saying that if we join hands together, we can do it.

“Lagos is the land of opportunities and many investment opportunities abound in transportation, entertainment and tourism. Our commitment is to create an environment where your investments are secure and profitable,” the Governor said.

He said the Eko Atlantic City Project, when completed, would go a long way to create employment and wealth for the people of the State.

The Governor added that aside being a major part of the changing face of Lagos, the project was also one of the most anticipated in the history of Nigeria and Africa.

Describing the unveiling of the Eko Pearl Towers as a remarkable day in the history of Lagos State as the Eko Atlantic City gradually comes to life, Governor Ambode said the structure, in all ramifications, represents the new standard for property development in the State.

“Eko Pearl Towers, the first residential development in Eko Atlantic City, is a set of high-rise buildings, privately owned & developed by the Eko Pearl Construction Company. I am told that the tower is a collection of deluxe two, three bedroom & penthouse type apartments with Sea and Marina views.

As we can see, this is a magnificent pearl by all standards, and the new standard for property development in Lagos State,” Governor Ambode said.

The Governor said his administration was embarking on many urbanisation projects which, when completed would deliver a Lagos that will compete favourably with all the mega city-states of the world which Lagosians can be proud of.

“All these efforts will reposition Lagos State, putting it firmly on the international map as not just the financial, commercial and tourist hub of Africa but also to create employment and wealth for our people.”

While congratulating the management of the Eko Atlantic City on the landmark achievement, Governor Ambode said the project was a clear example of the successful Public Private Partnership (PPP) between the State Government and the developer of project.

Mr Ambode seized the occasion to also call on other investors to take a cue from the management of the Eko Atlantic City and Eko Pearl and put their resources in the State, saying that Government was committed to creating an enabling environment for their businesses to thrive.

Earlier, Chief Executive Officer of Eko Pearl Construction Company, Mr Elias Saad, thanked the Lagos State Government for their support in helping him actualise his dream.

He said that the Eko Pearl Towers, also known as the Black Pearl Towers, was a residential high rise building located in the centre of Eko Atlantic City, adding that the White Pearl Tower under construction would also be ready by next year.

”People call me the dreamer, I’m so happy that I was able to actualise my dream in Lagos by delivering the Eko Pearl Towers like I promised,” Mr Saad said.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

General

UK Strengthens Ties With Kano, Jigawa on Sustainable Development

Published

on

UK Kano Jigawa

By Adedapo Adesanya

The United Kingdom has reaffirmed its development partnership with Kano and Jigawa States, as part of its long-term commitment to development and reform in northern Nigeria.

The Head of Development Cooperation at the British High Commission Abuja, Ms Cynthia Rowe, recently completed high-level engagements with governors of both states as well as senior government officials and civil society leaders.

The discussions underscored the UK’s modern approach to development as a genuine partnership with Nigeria, which prioritises state-led ownership and sustainable development that delivers lasting impact through strengthening systems and partnerships grounded in investment, trade, climate financing, technical expertise and joint accountability.

According to a statement, the Foreign Commonwealth and Development Office, via the British High Commission, said Nigeria remains one of the UK’s most significant development partners, adding that the engagements underlined the strength and ambition of the bilateral relationship reaffirmed during the recent UK-Nigeria State Visit.

In Kano, Ms Rowe met with Deputy Governor Alhaji Murtala Sule Garo and senior officials, including the newly confirmed Head of Civil Service and Secretary to the State Government. The visit recognised Kano’s progress on climate finance, health system reform and private sector investment supported through UK technical assistance.

In Jigawa, she met with Governor Umar Namadi and heads of key ministries, departments and agencies. The meeting celebrated more than 25 years of UK-Jigawa partnership, one of the most longstanding bilateral development relationships at the subnational level in Nigeria. Discussions covered the state’s continued progress on health systems reform, agriculture, and governance and the path forward under UK technical assistance.

Since 2022, PLANE has supported Kano, Kaduna and Jigawa to strengthen state-led education delivery systems, working through Ministries of Education, SUBEB and key agencies. Its RANA+ foundational learning packages have reached 1.4 million pupils across the three states, alongside wider system strengthening.

Speaking on this, Ms Rowe said, “For more than 25 years, we have worked side by side with state governments, including Jigawa and Kano states, their communities, and civil society to build stronger health systems, improve learning outcomes for millions of children, support farmers to grow their businesses, and help states attract the investment they need to thrive.

These visits have reinforced our confidence in what this partnership can achieve. We are working together to deliver lasting change, and deepening a relationship built on genuine mutual respect and shared ambition for Nigeria’s growth and development.”

Continue Reading

General

CBN Partners NiMet to Integrate Climate Data Into Economic Planning

Published

on

CBN Ways and Means

By Adedapo Adesanya

The Nigerian Meteorological Agency (NiMet) has signed a Memorandum of Understanding (MoU) with the Central Bank of Nigeria (CBN) on data sharing to enhance economic productivity.

This was done at a meeting at CBN Head Office in Abuja, where the weather body led by its Director General, Mr Charles Anosike, on Wednesday, highlighted the importance of integrating weather and climate data into economic research, especially in sectors such as agriculture, energy, and transportation.

He noted that extreme weather events can reduce agricultural productivity and threaten food security.

He added that the collaboration aligns with the Renewed Hope Agenda of President Bola Tinubu, which prioritises food security through major agricultural investment, including the cultivation of 10 million hectares of land and the distribution of mechanised equipment.

Mr Anosike cited a 2026 World Bank report that showed that extreme weather driven by climate change is significantly affecting global food security, with more than 87 million people facing hunger in East and Southern Africa and 52 million in West and Central Africa.

He also referenced the latest Berkeley Earth Report, which projects that 2026 is likely to be the fourth warmest year on record, a trend that continues to shape agricultural and energy market projections.

In his remarks, Mr Muhammad Sani Abdullahi, Deputy Governor, Economic Policy Directorate of the CBN, said the signing of the MoU marked an important step in strengthening the partnership between two key national institutions whose mandates intersect in data, research, and policy support.

He emphasised that, in an increasingly complex and dynamic economic environment, timely and reliable data remain essential for effective policy decisions.

According to him, the Economic Policy Directorate relies heavily on timely and credible statistical information from NiMet, saying that such data are critical for inflation monitoring, agricultural sector assessment, and broader economic policy advisory functions.

He described the initiative as both timely and important, adding that strong institutional partnerships are essential for strengthening evidence-based policymaking and improving the robustness of national data systems.

At the close of the event, Mr Anosike and Mr Sani Abdullahi signed the MoU on behalf of their respective institutions.

Continue Reading

General

POS Operators Barred Within 200 Metres of Police Stations

Published

on

IGP Tunji Disu

By Adedapo Adesanya

The Inspector-General of Police (IGP), Mr Tunji Disu, has ordered an immediate nationwide ban prohibiting Point-of-Sale (POS) operators from running their businesses within a 200-metre radius of any police station, divisional headquarters, or police formation across Nigeria.

This directive, released via an internal police wireless message, addresses critical systemic challenges regarding extortion and corrupt financial practices within law enforcement facilities.

The order is to be strictly enforced nationwide, with senior officers overseeing various formations to be held accountable for any breach of the directive.

The Nigeria Police Force stated that the measure is intended to strengthen transparency, accountability, and public confidence in the policing system.

The decision comes after an alarming proliferation of POS businesses near police facilities, with investigations and public complaints revealing that some operators were actively complicit in facilitating extortion, bribery, and illegal cash transfers forced upon civilians or suspects during police encounters.

Under the directive, Assistant Inspectors-General of Police (AIGs), State Commissioners of Police (CPs), and heads of formations will be held vicariously liable for any breach within their jurisdictions.

The IGP’s order states: “Any officer or POS merchant found flouting the 200-metre operational boundary or colluding in illicit transactions will face immediate disciplinary and criminal actions under extant laws.

“If you are a POS agent or looking into regulatory compliance for financial services in Nigeria, let me know. I can provide details on current Central Bank of Nigeria (CBN) radius registration guidelines or share methods to report officer misconduct directly to the Force Headquarters.”

Continue Reading

Trending