By Our Reporter
Lagos State Governor, Babajide Sanwo-Olu, has commended Alaro City, a new city in Lagos, for stimulating the economic growth of the state with $1 billion.
Governor Sanwo-Olu, during a visit to Alaro City, toured residential and industrial investments that have created thousands of jobs.
Since its launch six years ago, Alaro City has attracted 500 residential investors and 80 companies, contributing to Lagos’ industrialisation and controlled urban expansion.
“On behalf of Lagos State, I commend Alaro City. It is incredible to witness how vision, backed by resilience and execution, is bringing a city like this to life”, Sanwo-Olu said.
Sanwo-Olu gave credit to President Bola Ahmed Tinubu, who, during his tenure as Governor of Lagos State, created the Lekki Free Zone (LFZ).
Sanwo-Olu visited Ariel Foods, which produces ready-to-use therapeutic food for malnourished children; Starium, a detergent manufacturer owned by BUA Group and TY Logistics Park.
At Universal One, LFZ’s leading housing developer, the governor visited recently completed two- and three-bedroom apartments.
“The Free Zone scheme in Nigeria has been instrumental to our success,” said Board Director of Rendezvous, Frank Mosier, which has developed Alaro City in partnership with the Lagos State Government.
“We commend the government’s investment in infrastructure like the Lekki Deep Sea Port and the Lekki-Epe Expressway, which link Alaro City to Lagos and the world”, Mosier said.