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Eko Atlantic Completes 14 Bridges

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  • Eko Atlantic Completes 14 Bridges

The promoters of Eko Atlantic City, one of the world’s most advanced new cities being built on the shores of the Atlantic Ocean in Lagos, said they have completed 14 bridge structures in just two years.

According to a statement released recently by the developers, the bridges extend over five million square metres, representing half of the entire planned city development.

The completion of these bridges, they said was “a hugely significant progress,” adding that they were built to international standards.

Work on the bridge project, they said started in December 2014 when the first bridge deck was cast and project completed on schedule in December 2016. The city, which is divided into 8 districts (Harbour Lights, Business Districts, Eko Drive, Marina, Ocean Front and Avenues), is planned for mixed-use with commercial, residential, entertainment and leisure activities to make the city a 24/7 lively environment.

The statement said, “With the new bridges all the districts are now accessible by road. The bridgeworks have formed a major element of the works and it has also enabled all major avenues to overpass the canal system running through the spine of the project.

“All bridges are between 2-6 lanes. For instance, Bridge 7 comprises a six-lane carriageway and is located on Avenue 1, thus defining the western boundary of the Business District, the commercial heartland of the city.

Spanning 52 metres overall in three sections, Bridge 7 is typical of the design utilised throughout all bridges and comprises a reinforced concrete cast in-situ deck with concrete piers and abutments. Also post-tensioning techniques were employed on the horizontal deck to achieve the span required.

“The last bridge was deliberately constructed to overpass the canal entrance to the South West Marina, defining the marine access to the Atlantic Ocean.”

Mr. David Frame, Managing Director of South Energyx Nigeria Limited (SENL), a subsidiary of the Chagoury Group said, “We are fully committed to ensuring that the project is completed on schedule. With the successful completion of all the bridges, all the major avenues within Phases 1 and 2 of the City are now fully interconnected, with the comprehensive road network of the city defined and all zones accessible.” He hinted that the company has a lot of announcements planned for the year as it achieves more key milestones in the project.

It would be recalled that the city in November last year unveiled the first of the Eko Pearl Towers, a residential building in its Marina District. The commissioning of the Tower which was done by the Lagos State governor, Akinwunmi Ambode came just a few months after the commissioning of the city’s Eko Boulevard, Nigeria’s first eight-lane city road.

Eko Atlantic City is arguably the single most ambitious and comprehensive mixed-use development plan to come on stream in the West Africa sub-region in recent times. Modeled after the skyscraper District of Manhattan Island in New York City, it is expected that the new city will be home to no fewer than 450,000 residents, with commuter volume expected to exceed 300,000 people daily. Self-sufficient and sustainable, it includes state-of-the-art urban design, its own power, clean water, advanced telecommunications, spacious roads and 110,000 trees.

The uniqueness of the initiative is that the residential units will be constructed as vertical high-rise apartment towers due to limited space for the traditional single family detached units.

According to data released by Residential Auctions Company (RAC), there are already over 1,000 units of apartments of various room sizes ranging from one bedroom to four bedroom penthouses already under construction. High- rise developments will provide just slightly over 560 apartment units with one tower completely sold out and the first set of units will be delivered as early as 2016.

Eko Atlantic is a planned residential and commercial city located on reclaimed land in Lagos. The project began in 2003 as a permanent solution to protect Bar Beach in Victoria Island from the effects of severe coastal erosion, and to safeguard Victoria Island from the threat of flooding.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Company News

Farmforte, Others Signs MoU To Strengthen and Sustain Growth in Agricultural Sector

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Farmforte - Investors King

Farmforte Limited has signed a strategic Memorandum of Understanding with the Agricultural Fresh Produce Growers and Exporters Association of Nigeria; HYBR, a pan-African innovation firm; and ALTS, a consulting and strategy development firm.

The firm said in a statement on Sunday that the partnership would strengthen common interest cooperation and stimulate inclusive and sustainable growth within the agricultural sector, by capitalising on the synergy and comparative advantage offered by each organisation.

Speaking during the signing ceremony, Farmforte Co-Chief Executive Officer, Osazuwa Osayi, said, “Our mid to long-term strategic goals are further reaffirmed, as this partnership will facilitate the sharing of knowledge, ideas, and expertise across the agricultural sector.

“We will collectively address initiatives and approaches concerning agricultural investments, food security, and the overall robustness of the value chain.”

He said the collaboration would also unlock the full potential of the sector and place it on a renewed path for success, especially within a post-pandemic economy.

The President of AFGEAN, Tajuddeen Dantata, said, “By creating dialogue and fostering investment in the horticulture sector, this partnership will endeavor to support Farmforte in its exporting efforts by improving operational efficacy and cost-savings, while ultimately driving socio-economic growth in the country.”

The Chief Executive Officer, HYBR, Charles Ojei, said to drive inclusion, sustainability, job creation, and Nigeria’s overall economic growth, the optimisation of the agriculture value chain was critical.

“This collaboration is a fusion of the complementary capabilities of all partners to move a bigger agenda forward.”

The Managing Partner, ALTS, Akintunde Sawyerr, said, “The goal of this partnership is to support Farmforte’s vision of becoming the largest agribusiness by 2035 via scalable and world-class innovation across its enterprise.”

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OctaFX Launches Dual Life Campaign

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OctaFX- Investors King

International Forex broker, OctaFX has launched a socially conscious marketing campaign called Dual Life aimed at simplifying forex trading and helping Nigerians create wealth.

A statement by the organisation on Monday said that the marketing campaign would celebrate the superpowers of Nigerians who committed their time and efforts to two or more jobs and were successful at each one of them.

It stated that the #DualLifewithOctaFX campaign had influencers in the Nigerian lifestyle and entertainment space such as Toke Makinwa, Bovi, Denola Grey, Timini Egbuson, and others at the core of the engagements, establishing the other sides of the celebrities and influencers as entrepreneurs.

While speaking about the campaign, the Marketing Manager, EMEA, OctaFX, Ali Nwadike said, “We wanted to position forex trading as that activity young Nigerians and everyone else, can engage in, even while focusing on their careers.

“From findings, most young Nigerians today work two or more jobs to pay the bills and attain financial freedom. But, we don’t get to talk about this often or appreciate the efforts, hence the #DualLifewithOctaFX campaign.

“While some see their jobs as a burden, we want people to see it as an achievement; and promote the school of thought that says one, two, many jobs is not bad especially when you are trying to create wealth.”

Nwadike added that more Nigerians would be exposed to the beauty of keeping their regular jobs and careers while making more money from forex trading with the OctaFX Trading App.

The statement also affirmed that OctaFX had made necessary arrangements from assembling forex experts and compiling training guides in the simplest and relatable form.

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Appointments

AfDB Appoints Dr. Beth Dunford as Vice President

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African Development Bank - Investors King

The African Development Bank Group (AfDB) has announced the appointment of Dr. Beth Dunford as its Vice President, Agriculture, Human and Social Development. The appointment becomes effective from July 1, 2021.

A statement explained that Dunford, a national of the United States of America, brings extensive experience to this role. She has held senior-level leadership positions in the US government, where she managed large and complex programs, working with the private sector, civil society, and multilateral and bilateral institutions, as well as with African governments, to deliver agricultural, social and human development impact at scale.

Prior to her appointment, Dunford worked as the Assistant to the Administrator in the U.S. Agency for International Development’s (USAID’s) Bureau for Resilience and Food Security, as well as the Deputy Coordinator for Development for Feed the Future, the U.S. government’s global hunger and food security initiative.

“In this dual role, she coordinated Feed the Future across multiple U.S. government agencies, oversaw a $1 billion annual budget and leveraged millions of direct private sector investment annually. In this capacity, she also coordinated a $2.3 billion Feed the Future presidential initiative across 11 US government agencies and forged partnerships within the private sector and civil society targeted at reducing hunger and poverty.

“She also led USAID’s technical and regional expertise focused on improving agriculture-led growth, resilience, nutrition and water security, sanitation and hygiene,” the statement added.

President of the African Development Bank, Dr. Akinwumi Adesina said he was delighted to appoint Dunford as Vice President to lead the Bank’s work on Agriculture, Human and Social Development.

“Beth is a strategic and effective leader with deep knowledge and impressive track record in designing and delivering highly impactful large-scale programs that have helped in lifting 27 million people out of poverty in 36 countries,” he added.

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