News
Eko Atlantic City: The Making of a Smart City

Technology is changing the way humans live and interact with things around them. However, cities have also adopted technology in the provision of infrastructure making them smart.

A smart city is an urban area that uses different types of electronic methods and sensors to collect data. Insights gained from that data are used to manage assets, resources and services efficiently; in return, that data is used to improve the operations across the city.
This represents what Eko Atlantic city stands for compared to other emerging cities in Nigeria. Eko Atlantic is located in Victoria Island at the side of reclaimed land of Atlantic Ocean.
David Frame, managing director, Eko Atlantic recently gave insight on the infrastructure provided at the city that makes is different from other cities in the country and compared to cities alike in Dubia and United States.
Reacting to issues around its status as wholly smart city, Frame said: “What we have installed on all the walk ways on either sides of the road is a network of ducts where we are installing fiber optic cable. What has been happening in the last five years in Lagos is where people are digging trenches and putting cables. We have fore seen that need and from the beginning when we were developing this infrastructure we were installing those ducts.
“On the main roads we have ducts of nine pipes 10cm down pipes you can put all telecommunications fibre optic cables within those ducts to connect every building to the network.
“That provides many opportunities to develop smart engineering especially for security. We have been in discussion with two major international companies that provide these kinds of facilities to their clients and these people have designed. For example, the smart network in Dubia, Singapore, various governments in Europe and United States. These are the calibre of people we are talking to.
“Once you have these fibre optic cables in place, there are mirage of opportunities to utilize those cables to create smart city concept. The more you talk to people the more magnetic concept they can come forward with, for the fact that we already have those cables in place what I called the infrastructure for the smart city concept there is no limit to what they can do.

All those cables are installed below ground, they are not above ground where they could be affected by storms, vandalism you name it. They are secured and fibre optic cables have a huge capacity for transmitting data, this is full proof system for development of smart city concept for many decades to come. David spoke further on some areas of concern to prospective investors in Eko Atlantic city:
The Possibility of Earthquake Occurring
We engaged with international consultants and there is one thing in particular that will never occur in West Africa and that is tsunami. If you study the concept of Tsunami you will be told about Pacific Rim.
Tsunami occurs in the pacific, 98 per cent of tsunami is generated in that region; you do not have tsunami at the Atlantic Ocean. And that is what we have out there and there has never been Tsunami in West Africa to eliminate any thought you may have on Tsunami.
In a similar way, earthquakes occur where you have what they called unstable taconic place which in turns generate Tsunami waves. There is no record of earthquakes occurring in West Africa and it is not likely to happen.
Deployment of Infrastructure at Eko Atlantic
The bulk of the work is done in installation of the facility in the first place; maintenance is a minor issue, once you have put in place a well -built system. From maintenance point of view, we have no issues. We have developed up to 50 per cent of the infrastructure for the entire city. We have completed roads or walk- ways, all those utility services are in-place already even now that development of the place is coming up.
Since the beginning of this year we have been witnessing increased interest from developers to physically come in to develop their lands. That is very encouraging. To develop a city of this nature takes a long time. Eko Atlantic is not a sprint; it is a marathon.
To develop a city of this size of 10 square kilometer of land which is 1 ½ times the size of Victoria Island is not easy. You don’t develop something of the nature in few minutes. We are still working through because we have a good financial model and have that commitment to finish this project.
A lot of the buildings under construction will be coming on stream by the end of this year. The Azuri project towers will be finished by the end of this year. We have couple of towers that are together; two of the towers have been completed and occupied. We have office towers the first building to be finished in Eko Atlantic, which is coming up to six years since completed. Things are happening in the City.
Distortions in the Master plan
We don’t permit any kind of distortion of the Master plan. We have developed planning regulations which are in-line with international standards. We looked at planning regulations from New York, Los Angeles, Sydney in Australia, UK and Singapore. And we put those ideas together and designed a well standard planning regulation, we then discussed it with ministry of Physical planning in Lagos state, and they have accepted the standard that we are imposing in the regulations which is even more conservative than their own.
They are happy with those regulations that we imposed. When those regulations are applied strictly, every development is built to international standard as well as designed to international standard, which is how we control the development.
We have business district known as Eko Bully bared which is the main street of the financial business district, it is equivalent of 5th Avenue in New York, it has five wider walk-ways than we have in 5th Avenue, on the other side, we are expecting structures of 30-35 storey buildings.
Eko Atlantic is designed to accommodate 300,000 permanent residents and 250,000 visitors. We have largest shopping hall project in sub-Saharan Africa. We have tree nursing in Lekki that can accommodate 250,000 trees; we grow them till they are 3 to 4 years old when we bring them and plant at the City. All the trees you see here were planted four years ago.
We have canal channelled into the city which made it possible for water transport system in the city. There are more than 100,000 people using Lagos state water taxi scheme and it is expanding.
One thing about this location which is unique is that there is no landmass between Eko Atlantic city and Argentina which means there is no human living there, there is no pollution. This is clean fresh ozone reach air coming out from the sea. You can feel that breeze 24/7, 365 days a year. Any pollution in the air is blow away.
People who are living in the city of Eko Atlantic today who regularly walk around will tell you after a number of months sleeping here that they appreciate the clean fresh air.
Building in Eko Atlantic Compared to Banana Island
Development of residential towers in Banana Island for instance, a 12 storey building requires piling down to 58 meters, this is because Victoria Island and Ikoyi are reclaimed lands on swamp, and swampy material is the worst material for foundation.
In Eko Atlantic a 32 storey building requires 34 meters of pile; the saving in the pilling alone in Eko Atlantic is enough to compensate the difference in the cost of the land. We need to take those things into consideration.
The other thing is developing in Ikoyi and Victoria Island, you need standby generator, Bore hole, water treatment plant, septic tank all those cost don’t apply at Eko Atlantic.
We have what we call connect and play as we have a chamber where you can connect your cable, we have a chamber where you can connect for your water supply, we have another chamber where you can connect your swage another one for the storm drainage among others.
Your Fibre optic cable is all there at the edge of your block. You need to look at the big picture. The difference in the cost of acquiring land is only part of the equation you have to look at the other factors involved. When you factor all these add-on cost you have to pay in Victoria Island and Ikoyi, you actually find that cost of development in Eko Atlantic is actually cheap.
All the utilities you have to provide are already here, apart from the fact that your planning cost alone is considerable savings. 58 meters with 12 story building and 34 meters for 32 story building.
Electricity
At the moment we are working on a scheme that we are bringing power in through a power station at Lekki. More so, we have a license from Nigerian Electricity Regulatory Commission (NERC) to generate power and a license to distribute power within the city, so we are working on that also.
At the moment we are working on small generators when SAT comes into place we will have access to 75MW of electricity. The eventual plan is that at the end of the project in phase six we will have our own generating plant that is going to generate 750 mega watts or more that’s when the city is substantially developed.
News
Cybervergent Expands to Three New Markets

Cybervergent has launched version 3.0 of its artificial intelligence (AI)-native posture management platform and expanded operations into Kenya, Ghana, and SA.

The move, according to the company, introduces automated risk verification for enterprises and aims to position Africa as a force in digital governance technology.
It goes on to say the latest platform upgrade introduces continuous posture management, replacing traditional point-in-time governance, risk, and compliance reporting with real-time verification systems.
An AI engine independently verifies 99.9% of audit and monitoring findings before they appear on enterprise dashboards, according to Cybervergent.
It says risk management, compliance, audit, and data security operations are integrated into a unified system built for cloud and on-premise environments.
According to Cybervergent, the platform maps more than 4 500 controls across frameworks, including the Nigeria Data Protection Act (NDPA), International Organisation for Standardisation (ISO) 27001, and System and Organisation Controls (SOC) 2.
Cybervergent says the rollout of its first South African customer validates the platform’s readiness for highly regulated enterprise markets and strengthens its expansion strategy across Africa’s leading technology and financial hubs.
The company is also adopting a channel-first deployment model, working with local partners and system integrators in Lagos, Accra and Johannesburg to scale verified security infrastructure for enterprises navigating increasingly complex regulatory demands.
“We built verification into the architecture,” said Ayomide Daniels, co-founder and chief scientist at Cybervergent. “If a finding is not traceable back to source documentation, it does not reach the dashboard.”
Cybervergent rebranded from Infoprivacy in late 2023 to reflect its shift towards AI-automated cybersecurity.
The start-up previously focused on data privacy compliance in the West African market before pivoting to its current integrated posture management model.
News
FG Bans Honorary Degree Holders from Using ‘Dr’ Title, Warns of Academic Fraud

Federal Government has directed recipients of honorary doctorate degrees to stop using the title “Dr.” before their names, as part of efforts to protect the integrity of academic qualifications and curb the misuse of honorary awards.

Minister of Education, Tunji Alausa
Minister of Education, Tunji Alausa, announced the directive after the approval of the new policy by the Federal Executive Council (FEC).
Alausa said the measure was necessary to address the growing abuse, commercialisation and politicisation of honorary degrees in some tertiary institutions across the country.
He explained that honorary doctorates are symbolic recognitions of outstanding contributions to society and do not equate to earned academic qualifications obtained through rigorous study, research and examination.
“Recipients of honorary doctorate degrees are not entitled to use the title ‘Dr.’ as a prefix to their names in official, professional or academic engagements,” he said.
According to the minister, awardees may instead indicate the honorary distinction after their names using formats such as D.Litt (Honoris Causa), LL.D (Honoris Causa) or other approved honorary designations.
Under the revised policy, only universities with active doctoral programmes will be permitted to confer honorary doctorate awards.
The government also restricted recognised honorary awards to four categories: Doctor of Laws (LL.D), Doctor of Letters (D.Litt), Doctor of Science (D.Sc), and Doctor of Humanities (D.Arts).
In addition, all honorary degree certificates must clearly carry inscriptions such as “Honorary” or “Honoris Causa” to distinguish them from earned academic degrees.
The minister warned universities against indiscriminate conferment of honorary degrees, noting that institutions found violating the directive would face sanctions from the National Universities Commission and the Federal Ministry of Education.
He said the policy was part of broader reforms aimed at restoring credibility to Nigeria’s higher education system and ensuring academic titles are not misrepresented for personal, political or financial gains.
Observers say the development could reshape the long-standing culture where public office holders, business executives and celebrities often adopt the “Dr.” title after receiving honorary awards.
News
Africa Fintech Revenues to Hit $65 billion by 2030 – Report

African fintech revenues are projected to expand 13-fold to approximately $65 billion by 2030, marking the continent as the world’s fastest-growing digital finance market.

The “Beyond Payments: Unlocking Africa’s Second FinTech Wave ” report, released by Boston Consulting Group at the Inclusive FinTech Forum in Kigali, indicates the sector is shifting from transactional inclusion to scalable, infrastructure-driven systems.
While Sub-Saharan Africa accounts for 74% of global mobile money volume, more than 50% of lending still occurs through informal channels, representing a massive gap for B2B payments and data-driven underwriting.
The opportunity now is to convert scale into sustained, institutional-grade growth, says the report. Markets offering regulatory clarity and interoperable infrastructure are becoming increasingly attractive to long-term capital.
Rwanda is highlighted as an example of deliberate institutional coordination that lowers the cost to scale for financial institutions.
Forward-looking regulation and the License Passporting Memorandum of Understanding between Rwanda and Kenya are cited as practical steps toward easing regional expansion.
Financial centres like the Kigali International Financial Centre play a critical role in this next phase by reducing uncertainty for banks and investors.
By combining regulatory clarity and Pan-African integration, they reduce uncertainty for banks, fintechs, and investors, and help position markets as credible, long-term investment destinations.
Africa’s next fintech phase will be led by financial institutions, the report notes. It goes on to say banks and regulated entities are becoming the primary customers of digital financial infrastructure, demanding platforms that align with their risk frameworks.
The report identifies five institutional priorities to sustain momentum: interoperable infrastructure, data-driven credit, regulatory coherence, trust, and resilience.
Building seamless wallet-to-bank integration will enable more efficient value movement, while transforming transaction data into AI-enabled underwriting models will help bridge the gap in SME lending.
Proportional licensing frameworks and predictable supervisory practices will lower the cost to scale for innovators. Furthermore, expanding cybersecurity capabilities will ensure the ecosystem remains reliable as digital usage grows.
Africa has demonstrated that fintech scale is achievable, and the next decade will be shaped by those markets that strengthen their institutional foundations, the report concludes.
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