Lagos State Government is our joint venture partner on the Gracefield Island project. Lagos State, with its vibrant population of about 16 million people (United Nations Estimate- 2002) and unique natural attribute of being a littoral state, bounded to its South by Atlantic Ocean, with the lagoon coursing through it, has been a dynamic centre of commerce for Nigeria and indeed, West Africa. Lagos State Government has traditionally been interested in being a catalyst for enterprise, and this is reflected in its decision to establish commercial entities like Ibile Holdings with interest in diverse ventures from construction of markets to taking equity in mining entities, and an enterprise such as Lagos State Property Development Company, etc. The business relationship with Lagos State Government is that of arm-length joint venture cooperation thus, commercial and corporate decisions by Gravitas remain free.