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Lagos Set To Build First Multipurpose Events Arena in Africa

The Lagos Arena

A consortium led by business mogul Tayo Amusan’s Persianas Group and the Nigerian Sovereign Investment Authority, an independent investment institution in Nigeria on Saturday performed a groundbreaking ceremony for a proposed 12,000 capacity arena, tagged The Lagos Arena, in Victoria Island, Lagos, Nigeria.

Other members of the consortium includes Live Nation —world’s leading live entertainment company; Oak View Group global sports and entertainment company which is behind the £365million Co-op Live arena in Manchester, United Kingdom; Tunde Folawiyo, Chairman of the Yinka Folawiyo Group; Adino Capital, a Nigerian investment fund and MBO Capital. The consortium plans to create a monumental centre for entertainment, sports and various MICE events with a hotel and ample parking space.

The project is monumental in supporting Nigeria’s thriving entertainment and sports industry. Beyond music and sport, the Arena’s versatile design will allow for a diverse range of events including MICE Events
Lagos State Governor, Mr. Babajide Sanwo-Olu described the Arena as a purpose-built marvel being inspired by global standards. He noted that the facility with an indoor capacity of 12,000 people will elevate Lagos to the forefront of the global events space, making it a go-to destination for premier international events, Sanwo-Olu stated.

Aminu Umar-Sadiq, CEO, Nigerian Sovereign Investment Authority, expressed his excitement to be a part of the watershed moment with great potential to re-position the Nigerian Events and entertainment sector.

With aspirations to host more than 200 events each year, John Reid, President Live Nation EMEA, said; “We are incredibly excited to be part of the consortium delivering this groundbreaking arena in Lagos.

In his contribution, Tim Leiweke, Oak View Group Chairman and CEO, said; This consortium, headed by Tayo Amusan, has shown enormous tenacity and entrepreneurial spirit in getting this project off the ground and we are proud to be their partner.

The Arena was designed by Yazgan Design Architecture and will be constructed by Sinerji İnşaat/Sinerji Construction. Acoustic design will be done by Mezzo Stüdyo Architectural Acoustics, Design and Consulting. The total construction area is 25,600 sqm and landscape area is 15,311 sqm. Construction of The Arena begins Saturday 24 February and completion is expected in December 2025.

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