The groundbreaking ceremony for the arena took place on February 24, 2024. The arena is located at 1 Bismay Street, Oniru, Lagos, on a 25,600 square meter construction site.
The Lagos Arena will be Nigerian’s first purpose-built arena, with a capacity of 12,000 seats and a cost of over $100 million. It will be designed primarily as a concert hall, but will also host sports activities, congresses, and other events such as family entertainment, boxing matches, UFC fights, and WWE shows. The arena will also include a hotel and ample parking space, and is expected to create over 1,500 jobs.
The Nigerian Sovereign Investment Authority is leading a consortium that is funding the arena's construction, contributing 40.5% of the project's financing. Other backers include Adino Capital Ltd., Sports Infrastructure and Entertainment Development Company Ltd, and Tayo Amusan's Persiana Group.
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15 май 2024
