Olawale Opayinka addressing the Azuri Towers light-up ceremony, December 2021

Founder & MD / Chief Executive Officer

Olawale
Opayinka

Makaya Consult FZE · Eko Atlantic City · RC 01689

“Build for what the city is becoming — not what it is today.”

Olawale Opayinka — founder portrait, Azuri Towers light-up ceremony

Olawale Opayinka · Addressing the Azuri Towers
light-up ceremony · EAC · December 2021

Training

Mathematician & Actuary

In EAC since

2011 — 15+ years

Former role

MD & CEO, Eko Development Company FZE & Ltd (2019–2023)

Delivered

Azuri Towers — Nigeria's tallest residential tower, 146m

Advisory firm

Makaya Consult FZE — RC 01689, Eko Atlantic FTZ

About the founder

Actuary.
Builder.
Pioneer.

Olawale Opayinka built Makaya Consult on a proposition that remains rare in African advisory: that the highest form of counsel is one the client never has to defend, and the advisor never has to explain.

Trained as a Mathematician and Actuary, Opayinka brought to consulting a discipline most in the field lack — the ability to hold complexity without simplifying it dishonestly, and to communicate conclusions that are rigorous without being inaccessible. Numbers, he has always maintained, are not the answer. They are the language in which honest answers must be expressed.

His career has been defined not by the volume of engagements but by their weight. In the late 2000s, at a moment when Lagos was beginning to assert itself as a serious destination for global capital, Opayinka was among a small group of Nigerian professionals operating at the intersection of international real estate development, infrastructure vision, and sovereign-level relationships. He facilitated engagements with principals of the highest global standing — figures whose names were synonymous with landmark development across three continents — bringing them to Lagos not as tourists of opportunity but as serious evaluators of transformational possibility.

Some of his most consequential work from that period remains, by design, undisclosed. That discipline has earned him the trust of principals across the public and private sectors who know that what they share with Makaya Consult stays with Makaya Consult.

“The relationships that matter most are the ones that endure longest. And they endure because they are built on judgment, not convenience.”

What that period produced, beyond the engagements themselves, were relationships — with Lagos, with the federal architecture of Nigerian public life, with international developers, engineers, and financiers who learned that a Nigerian advisor could be the most exacting person in the room. Those relationships have not depreciated. Several have deepened into partnerships spanning nearly two decades.

His formal engagement with Eko Atlantic City began in 2011, when he was engaged by South Energyx Nigeria Limited to undertake the financial modelling and value engineering assessments for the development. In February 2013, he organised and delivered the ceremony marking the reclamation of five million square metres of Eko Atlantic City — attended by the President of the Federal Republic of Nigeria, the 42nd President of the United States, and the Governor of Lagos State.

Olawale Opayinka welcoming President Bill Clinton at the Eko Atlantic 5 Million m² Dedication Ceremony, February 2013, with Governor Babatunde Fashola and Ronald Chagoury
5 Million m² Dedication Ceremony — Eko Atlantic City, 22 February 2013.
Welcoming President Bill Clinton, with Governor Babatunde Fashola and Ronald Chagoury.

In 2019, Olawale was appointed Managing Director and CEO of Eko Development Company — holding that role across both its FZE and Limited entities — inheriting the Azuri Towers programme at a critical juncture: a three-tower mixed-use complex including what would become Nigeria's tallest residential tower at 146 metres, under the dual pressure of a global pandemic and significant supply chain disruption.

Azuri Towers — azuritowers.com — was commissioned on schedule in December 2021. The Office Tower delivered 28 floors and approximately 27,000 sqm of Grade-A office space. Azuri One became Nigeria's tallest residential tower.

In December 2024, Olawale founded Makaya Consult FZE, incorporated in the Eko Atlantic Free Trade Zone (RC 01689), with offices at P2 Retail, Azuri Towers — the building he delivered — at the heart of EAC's Marina District.

Opayinka is a people person in the precise sense — not socially performative, but genuinely oriented toward understanding what the person across the table actually needs, as distinct from what they have asked for. His mathematical training gives him the tools. His temperament gives him the access.

In March 2026, he was principal speaker at the DAWN Commission / BRACE Commission forum on the Lagos-Calabar Coastal Highway, projecting the corridor's potential enterprise value at $1.4 trillion to $14 trillion over 50 years. He is a golf enthusiast, a resident of Ibadan, and the proprietor of the Makaya Estate Golf Club.

The record — February 2009

Where the
thesis
began.

In February 2009, Olawale Opayinka organised a two-day Lagos engagement for Gerald D. Hines — the Houston developer whose Galleria on Post Oak Boulevard turned an overlooked corridor into one of America's most celebrated commercial districts. Bismarck Rewane, Nigeria's pre-eminent independent economist, was invited to brief the delegation on the country's economic trajectory.

Opayinka did not attend those meetings. He convened them — identifying the opportunity, structuring the engagement, and presenting the Lagos coastal development case directly to Hines. The conviction that came out of those two days — that Eko Atlantic represented for Lagos what Post Oak Boulevard had represented for Houston — is the thesis the firm still works from.

Olawale Opayinka presenting the Lagos coastal development proposal to Gerald D. Hines — February 2009
Presenting the Lagos coastal development case to Gerald D. Hines · Lagos, February 2009
“Some things are built over decades, not quarters.”

Career timeline

15+ years
inside EAC.

Few advisors in Eko Atlantic City have worked inside it since its earliest stages. That depth — of its regulatory framework, its development economics, and its delivery realities — cannot be purchased.

2009

International engagement — Lagos

Convenes a landmark two-day Lagos visit by Gerald D. Hines — the Houston developer who built Uptown Houston and delivered major projects across 47 countries — with economist Bismarck Rewane briefing the delegation. Site evaluations, infrastructure reviews, and the origin of the firm's Eko Atlantic thesis.

2011

Formal engagement in EAC

Engaged by South Energyx Nigeria Limited for financial modelling and value engineering on the Eko Atlantic development — establishing the embedded knowledge base that defines Makaya Consult today.

2011–2019

Deep engagement across EAC ecosystem

Sustained engagement with EAC's financial, regulatory, and development frameworks — building the insider knowledge that underpins every Makaya Consult mandate.

Feb 2013

5,000,000 SQM Dedication Ceremony — delivered

Organised and delivered the ceremony marking the reclamation of five million square metres of Eko Atlantic City — attended by the President of the Federal Republic of Nigeria, the 42nd President of the United States, and the Governor of Lagos State.

2019

CEO, Eko Development Company (FZE & Ltd)

Appointed to lead the Azuri Towers programme through its most complex delivery phase — including COVID-19 and global supply chain disruption.

Dec 2021

Azuri Towers commissioned

Nigeria's tallest residential tower delivered on schedule. The Office Tower delivered 27,000 sqm of Grade-A space across 28 floors. Light-up ceremony attended by Lagos State Governor and industry leaders.

Dec 2024

Makaya Consult FZE established

Fee-based advisory firm incorporated in the Eko Atlantic Free Trade Zone. Offices at P2 Retail, Azuri Towers — at the heart of EAC's Marina District.

Mar 2026

Guest Lecturer — DAWN / BRACE Commission

Principal speaker at the DAWN Commission and BRACE Commission forum on the Lagos-Calabar Coastal Highway. Projected corridor enterprise value of $1.4 to $14 trillion over 50 years.

Delivery in pictures

Azuri Towers — completed aerial view, Marina District, Eko Atlantic City
Azuri Towers · Completed · Marina District, EAC
Azuri Towers light-up ceremony — dignitaries and Eko Development team
Light-up ceremony · dignitaries · December 2021
Top-floor site visit — Azuri Towers under construction, Atlantic Ocean views
Top-floor site visit · construction phase
Makaya Consult FZE — HQ frontage, P2 Retail, Azuri Towers, Eko Atlantic City
Azuri Towers — completed frontage · Home of Makaya Consult FZE · P2 Retail
Steel delivery to Azuri Towers construction site, Eko Atlantic City
Steel delivery · Azuri Towers site · EAC

5,000,000 SQM Reclamation Ceremony — February 2013

Keynote address at the Eko Atlantic City 5,000,000 SQM Dedication Ceremony, February 2013
Keynote address · 5,000,000 SQM Dedication Ceremony · February 2013
The official dedication stone — 5,000,000 SQM of Reclaimed Land for Eko Atlantic City, 21 February 2013
The official dedication stone · 5,000,000 SQM of reclaimed land · 21 February 2013
In the press DAWN Commission
BRACE Commission
The Nation · March 2026

Guest Lecturer at the DAWN / BRACE Commission forum on the Lagos-Calabar Coastal Highway.

Read full article →

“We have about 700 square kilometres of potential development… the promises of that whole axis give us the potential to have an enterprise value for developments along that corridor from about $1.4 trillion at the low end to $14 trillion.” Olawale Opayinka · DAWN Commission / BRACE Commission Forum · March 2026

See how the figure is derived →

Work with Olawale
on your EAC project.

Every engagement begins with a direct conversation. If you own land in Eko Atlantic, have a development concept, or are seeking investment exposure — tell us what you are building.

Speak with Olawale
© Makaya Consult FZE · RC 01689 · Eko Atlantic Free Trade Zone makayaconsult.com