We live in a smart world... There are now smart planes (planes flying without fuel), smart phones, smart cars, smart TV, smart kids, it is a smart generation! ...Smart investments rule the world. There have been a number of news-making rounds that real estate offers a smart, secure investment anytime, but have you heard about a smart city in Lagos, Nigeria? This offers you smart investment opportunities!
The Lagos State government has already signed an agreement with the City of Dubai for the creation of Africa’s first Smart City. It's only a matter of time for the project to kick start. The Memorandum of Understanding for the Lagos Smart City was signed at the Emirate Towers by the Lagos State Attorney-General and Commissioner of Justice, Mr. Adeniji Kazeem and the Chief Executive Officer of Smart City Dubai LLC, Mr. Jabber Bin Hafez.
The signing of the MOU, which will make Lagos the home of the very first Smart City in Africa, was witnessed by the Chairman of Dubai Holdings, His Excellency, Ahmad Bin Byat who is also the Deputy Prime Minister and the Lagos State Governor, Mr. Akinwunmi Ambode.
In a release signed by the Lagos State Commissioner for Information and Strategy, Mr. Steve Ayorinde, the Smart City (Lagos) is expected to bring multi-billion dollars investments to Lagos, create several thousands of jobs and housing and transform the Ibeju-Lekki axis in particular and the entire Lagos State in general.
“This is a deliberate attempt by us to establish a strong convergence between technology, economic development and governance”, says Governor Ambode.
“The MOU is between Lagos State Government and Dubai Holdings, LLC, owners of Smart City (Dubai) to develop a sustainable, smart, globally connected knowledge-based communities that drive knowledge economy”, he stated.
The Governor stated that the collaboration is part of the larger vision to make Lagos safer, cleaner and more prosperous.
He said, "A smart-city Lagos will be the pride of all Lagosians just as we have smart city Dubai, Smart-City Malta and Smart-City Kochi (India). We are encouraged by the fact that we do not, as a government, need to develop at a slow pace, but take full advantage of the digital age and fast track development of Lagos to a real megalopolis that we can all be proud of.”
The statement quoted Governor Ambode further as saying that, ”The future is ours to take. It also marks the first smart city in Africa when completed."
The Governor added that apart from creating jobs for the people, the project would also become the world’s first carbon-neutral city. “Lagos,” he stated, “will become an important centre for innovations in smart technologies, wellness and destination for green tourism.”
Earlier in his remarks, the Deputy Prime Minister Bin Byat said the Dubai authorities were impressed with the conduct and readiness of Lagos State Government and were eager to proceed with them and the Smart City Lagos Company, which is the operating entity for the project.
When completed, the Smart City Lagos will have, among other features: a 12-lane road, hotel resorts, world-class technological education facilities, a rail metroline, to mention but a few (SEE SOME INVESTMENT OPTIONS HERE).
Additional benefit is that this area is close to the Free Trade Zone, Dangote Refinery, Island International Airport, Lekki Deep Seaport, world-class resorts like La Campagne Tropicana, etc. This is an opportunity to invest now in this global business haven while one can still easily afford it. We have safe options still ranging from N600,000 to few million Naira.
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