Sunday, 28 October 2012


The new Ultra modern Tejuosho shopping Complex is slowly but certainly nearing completion. This project has been in the pipe-line for over ten years but it took a 'mysterious' fire outbreak at the old Tejuosho Market in 2007 before aggressive construction could commence. Five years down the line and the project is really beginning to take shape.

The New Tejuosho Shopping Complex is fully financed by First Bank of Nigeria Plc and is being undertaken by Stormberg Engineering Limited under the Public-Private-Partnership programme of the Lagos State Government for 25 years. The edifice sits on approximately 3.062 hectares and it is strategically located in Yaba.

The main shopping complex, when completed will provide major retail and wholesale market opportunities for the teaming Lagos population. The new complex encompasses 4,040 shop units of various sizes ranging from 9 metre squares to 12, 19, 23 and few larger units of 142 metre squares for banking and restaurant uses as well as Kee-Klamps. The shops units are arranged on four levels: Upper ground level, entrance level, level three and level four.

Prices of shop units range from N5.4 million or N600,000 per square metre with prospective buyers having the opportunity to pay by instalment. The new shopping complex, when completed will offer the following array of modern retail facilities and amenities: Multi level parking for over 720 cars, efficient internal traffic system and management, lifts and elevators for shoppers and cargos; serviced fire station, police station and uniformed security patrols.

Nigerian business men and women in the Diaspora interested in setting up shop in Nigeria SHOULD also take advantage of this property. It is a worthwhile investment.

This project is indeed a sight to behold and even though provision is already being made for a fire station; my prayer is that the Lagos State government ensures that an even more sophisticated fire prevention and protection facility is installed. I know what I’m talking about.

 Oga Fashola, please take note o!

See Pictures below:

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