The initiatives aimed at job creation and addressing housing deficits within West Africa’s fastest-growing corridors, Alaro City is becoming a beacon of hope for local and foreign direct investments (FDIs), profoundly impacting Nigeria’s economic development.
Speaking at a recent media parley, the managing director of Alaro City, Yomi Ademola emphasised the city’s predictable and secure environment that leverages free zone benefits. These advantages enable many companies to achieve up to 43 per cent annual profit growth, reducing market uncertainties and de-risking business development on both national and global scales.
Ademola, highlighted Alaro City’s pivotal role in West African industrialisation, housing businesses across diverse sectors such as manufacturing, logistics, technology, and renewable energy. The city’s vast 16,500 hectares of valuable land are strategically located near the well-organised and functional Lekki Deep Sea Port. The port’s automated call-up system and extensive road networks facilitate seamless transportation to Lagos and other parts of Nigeria.
