NewsExpress banner Firstbank Verve banner Fidelity bank card banner Umm Sulaim's Thoughts Camano banner

South Africa-based firm to redevelop Tafawa Balewa Square (Lagos) with $2 billion

By News Express on 20/12/2015

Gmail icon

Views: 5,744

A Nigerian consulting firm based in South Africa, Charles Emmanuel Emmanuel David (CEED), said on Saturday that it was raising $2 billion for the redevelopment of the Tafawa Balewa Square (TBS) in Lagos to make it a tourist spot.

Dr Emmanuel Imevbore, the Group Chief Executive Officer of the firm, disclosed this to the News Agency of Nigeria (NAN) in Johannesburg, South Africa.

He said following the concessioning of TBS, the private firm managing it, BHS International, had engaged his firm to provide funds and project management services for the redevelopment initiative.

He said 75 per cent of the technical skills would come from South Africa while the firm would raise funds to finance the project.

“The redevelopment of the Tafawa Balewa Square will involve the establishment of a modern mall, five-storey building, multi story car park and four-star hotel.

“It will also have a convention and event centre while the car park will be expanded.”

Imevbore said the new TBS would have a modern medical centre to make it a tourist spot.

Engineering and construction companies from South Africa, he added, would be involved in the initiative.

He also said the redevelopment of TBS would create jobs for Nigerian youths and also provide opportunities to acquire new skills in construction.

The aim, he said, was to make TBS a new tourism destination in Africa because of the modern facilities it would have. (NAN)

•Photo shows entrance to Tafawa Balewa Square (TBS), Lagos.

Source News Express

Posted 20/12/2015 05:37:25 AM





You may also like...
Bus plunges off bridge killing 15 after woman...

2017 Budget: Expensive government and dubious allocations

Police arrest members of notorious kidnap syndicates in...

FG targets solid minerals to boost economy

South-East traders condemn Oshodi market demolition •Reject alternative,...

Subsidy removal exposes insincerity of APC leaders –...

APC takes restructuring campaign to Aare Gani Adams...

Two brothers remanded in prison for allegedly beheading...

Nwaoboshi wins as court vacates assets forfeiture order...

Lion Air finds cracks in two Boeing 737NGs...

Japan, Ghana, Senegal, South Africa, Indonesia, others for...

ASUU accuses FG of breaching agreement on education...


Latest News DSS invites Newsdiary Online Publisher over investigative story BREAKING: Sigh of relief as electricity workers suspend nationwide strike Over 60 reportedly killed as terrorists storm military camp U.S. seizes jet allegedly belonging to Nigerian involved in fraud scheme 2023: OBJ romances El-Rufai ECOWAS Court dismisses Nnamdi Kanu’s suit against FG Aisha vs. Garba Shehu: PDP lambasts Buhari, declares him incompetent Gunmen kill 2 Nigerian Legion members in Benue 2023: Ohanaeze warns Igbo renegades against defeatist comments Corruption still a serious problem in Nigeria — Survey Fraud trial: Maina’s sister testifies against him in court FG unveils $129m Agric scheme for Niger Delta


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (571,425 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (456,429 views) Shameless Genevieve Nnaji exposes breasts in public (406,340 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (341,387 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (307,717 views) 10 cars more expensive than Jets (292,012 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (261,236 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (260,307 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (241,717 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (228,253 views) Lagos plane crash: Journalist releases victims’ names (203,938 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (200,332 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (112) Business & Economy (4,620) Business Verdict (89) Columnists (1,156) Complaints & Requests (98) Enterprise & Opportunities (221) Entertainment (718) Features (855) Global Business Monitor (497) ICT Monitor (73) International (4,319) Interview (219) Live Commentary (30) Love Matters (178) Maggie's Blog (514) News (55,137) Opinion (1,438) Pidgin (18) Politics (11,876) Religion (1,133) Sports (2,254) Stock Watch (41) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera