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Construction of Lagos Business City Set to Begin



  • Construction of Lagos Business City Set to Begin

Construction is set to begin on a new city in Lagos known as the Imperial International Business City, a joint venture development between Channeldrill Resources Limited and the Elegushi royal family.

The city, according to its promoters, was conceived after the Lagos State Government gave approval for the expansion of Ikate Kingdom by 200 hectares of land to Lekki Phase 1, through dredging of the lagoon, and is expected to run from the end of Freedom Road to the end of NICON Town.

As the date for the commencement of dredging work approaches, the infrastructure consultants to the project, Mott MacDonald Limited, of the United Kingdom, said a four-day site inspection of the project site had been completed.

The leader of the team, Stuart Croucher, said the visit was to finalise preparations for the take off of construction of the eco-friendly city.

He said the infrastructure design of the city would be based on ensuring that the city was self-sustaining; be a smart and an eco-friendly city; have steady flow of traffic; a flood free lifetime of 100 years; general utility efficiency, and the best technology.

“The city is being designed to align with the future developmental expansion and population growth of Lagos State for the next 50 years. The dream of making this a reality has been further boosted by the Lagos State Government’s 2030 transport vision plans, which will be very useful for the IIBC connectivity design,” Croucher said.

He also stated that part of his firm’s mandate was to ensure that the city was a zero flood zone for the next 100 years, and was already working with Royal HaskoningDHV of the Netherlands as the reclamation and marine consultants to the project.

He also commended the state’s civil service that his team had been working with on the project, adding that they had been very helpful and welcoming.

He said that after seeing the plans and designs, the government had been convinced that the project would fit into the administration’s goal of making Lagos a smart mega city.

The Managing Director of Channeldrill Resources Limited, Mr. Femi Akioye, said the transportation network of the city would promote efficiency within the city and beyond.

He said the design would incorporate footways, and pedestrian cycle connecting the marina to the central business district.

He added, “This will reduce the reliance on cars which in turn reduces the burden added on air quality. Mixed use developments are in line with the sustainability strategy to reduce distance and modes of transport. So, by providing shaded walkways, walking can be made safe under all weather conditions.

“For cyclists, a segregated cycle paths will be built into the transport network to provide a safer environment where residents can feel more comfortable to cycle. The road hierarchy and public realm will also address the safety of cyclists and will aim to include changing facilities within the commercial development in the area.”

He said that for public transportation, the parking capacity would be limited, and people in the city would be connected to decent public transport, which would be easily accessible throughout the island.

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


Transcorp Hotels Expand into Marketplace, Launches Aura to Connect People, Hoteliers, Others



Transcorp hotel

Transcorp Hotels Plc, on Thursday, announced it has launched a new digital platform, Aura, through which people can book accommodation, restaurants and experiences.

Aura, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.

It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc. Dupe Olusola said.

For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.

The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.

Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”

To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.

Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.


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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director




Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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