Lagos Government Applauds TEHC’s Louisville Project in Eko Atlantic

The Lagos State Government has praised the vision and investment plan for Louisville. This mixed-use real estate project is being developed by the TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC) in Eko Atlantic City.

Dr Adeyemi Adeyinka, the state’s Director of Cooperatives, shared his thoughts during a site visit on Monday, November 2, 2026. He led a group of cooperative officials to inspect the project.

The TEHC team welcomed the delegation and gave a presentation on the project. They talked about construction progress, how it’s being funded, safety measures, and the planned facilities.

Adeyinka called Louisville a commendable project that can enhance members’ welfare and provide steady income for the cooperative. He mentioned that investments like this could boost economic activities beyond just the cooperative’s members. He added that these projects show how collective investment can help tackle Nigeria's development issues.

But he also advised the promoters to be ready for any possible funding challenges. He stressed the need for plans to avoid any delays in construction due to financial issues.

Mr Omotayo Kazeem, the Deputy Director of Cooperative Services, also spoke highly of the project’s scale and ambition. He highlighted its prime location in Eko Atlantic City, known for major corporate investments.

Kazeem noted that this project shows that cooperatives can take on big real estate investments instead of sticking to regular savings and loan activities. He encouraged other cooperatives to look for well-structured investment opportunities that can provide steady returns and boost their members’ finances.

During a roundtable discussion, TEHC officials explained their development strategy for Louisville. They focused on creating lasting value through collective investment.

The project covers about 22,000 square meters in Eko Atlantic City and will be developed in phases. The first phase will have 157 apartments with two to five bedrooms, which are now under construction.

Apart from housing, the master plan includes hotels, shops, commercial spaces, sports facilities, wellness centers, and essential infrastructure. This development aims to combine residential living with recreation, business, and services, making it a mixed-use community instead of just an apartment complex.

TEHC explained that its funding model mixes members’ contributions and property subscriptions with institutional loans. The project team also discussed construction challenges, safety measures, and the expected economic benefits from the non-residential parts of the project.

Ehima Uwumarogie, the Chief Operating Officer and a representative of TEHC’s President, said Louisville shows the potential of collective investment to create economic value. He stated, "Louisville represents what is possible when people come together with a shared vision, a clear purpose, and the commitment to turn collective resources into lasting value."

TEHC said the visit allowed them to show the progress made on the project and help the state government understand their investment and development approach better. They added, "With the right leadership, governance, and institutional support, cooperatives can play an even greater role in Nigeria’s economic development."

The visiting officials also stressed the need for effective leadership, good governance, and careful financial management to keep large-scale cooperative investments going. They encouraged knowledge-sharing among cooperatives, especially through the Lagos State Cooperative Federation, so others can learn from TEHC’s experience.

The visit was also a chance to discuss possible collaboration between TEHC and the state’s cooperative authorities, although no formal partnership was established. TEHC said it would continue engaging with relevant regulatory and professional stakeholders as it works on the Louisville project.