Gov. Fashola Ultimately Unveiles The Tallest Hotel In West Africa

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Lagos State Governor Babatunde Fashola, yesterday, unveiled the N30 billion tallest hotel in West Africa, the Intercontinental Lagos.  The hotel located at Kofo Abayomi Street, Victoria Island, Lagos, is really a 23-storey building with 358 rooms, 37 suites and a presidential suite.

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The Intercontinental Lagos, a subsidiary of the Intercontinental Hotel Group, IHG, is owned by the Milan Group. Fashola said the newest hotel revealed that the economy of the nation was witnessing growth daily but without corresponding employment. 

In accordance with him, “The brand new sector is the tourism sector. Here is the only virgin sector in the Nation, and it will help address the challenges of unemployment in the country.” 

The governor noted that the newest hotel had helped to produce new 650 direct jobs in the state, adding that with the construction of more hotels and hospitality outfits, more direct jobs would be created as well as numerous indirect jobs.

Chairman, Milan Group, Ramesh Valechha said the hotel will change the landscape of Lagos and raise the hospitality industry in the state. 

He noted that the Memorandum of Understanding, MoU, for the project was signed on March 31, 2004 while it took 2 yrs to perform the style work ahead of the conceptualisation of the project began. 

He revealed that the Lagos State Government, Skye Bank and Wema Bank were supportive of the project. 

In accordance with Valechha, building of the hotel cost over N30 billion, while 650 jobs were designed for Nigerians. 

The unveiling ceremony was attended by the Governor of Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi; Oba of Lagos, Oba Riliwan Akiolu 1; ex-governor of CBN, Joseph Sanusi, and other dignitaries
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