Folorunsho Alakija Plunges N60bn for West Africa’s Most-Expensive Tower

Folorunsho Alakija Plunges N60bn for West Africa’s Most-Expensive Tower

Folorunsho Alakija is building the most expensive tower in all of West Africa and it will be called Famfa Tower.

According to LIB, the building of this expensive architectural marvel has already started on Alfred Rewane Road in the high-profile area of Ikoyi in Lagos, Lagos State.

“The 22-floor edifice will set the billionaire oil mogul back a whooping N60billion or $165million but at a net worth of nearly $3billion, it shouldn’t be a problem for the former fashion designer who is said to be financing the project herself with no loans from any bank,” said the report.

Adding that “Over N6billion has already been pumped into Famfa Towers as building begins. The one-of-kind Tower will be used for commercial purposes. The last five floors are said to be for Mrs. Alakija’s personal use, possibly for her office and the rest will be rented out to people who can afford it.”