Alaro City honoured as a trailblazer in Special Economic Zones
Alaro City has been awarded the “Industry Pacesetter Award” by the Nigeria Economic Zones Association (NEZA) at its annual meeting and gala night held on 19 February 2025, at the Harbor Point Event Centre, Victoria Island, Lagos.
This award highlights Alaro City’s outstanding contributions to the growth and development of Nigeria’s Special Economic Zones Scheme. The organization’s transformative impact and innovative practices have set new standards within the sector, earning admiration from peers and stakeholders alike.
Yomi Ademola, Managing Director Alaro City, expressed that, “This award is a testament to the hard work and dedication of our entire team, as well as the unwavering support from our stakeholders. At Alaro City, we have set a new benchmark in Free Zone development by delivering world-class infrastructure, seamless business efficiency and innovative solutions that empower our investors. From providing ready-to-build land with full infrastructure such as the first privately owned 8-lane 60 meters wide road in Nigeria and an Independent Power Plant capable of generating up to 100 mw, to offering a streamlined setup process that reduces bureaucracy, we have redefined what it means to operate within a Free Zone in Nigeria. We remain committed to driving sustainable growth, attracting global investment, and creating new opportunities for businesses to thrive.”
The 3rd Special Economic Zones Annual Meeting provided a valuable platform for stakeholders, policymakers and industry leaders to share insights and celebrate achievements within Nigeria’s Special Economic Zones. The Dinner Reception and Awards Presentation underscore the importance of collaboration and innovation in driving economic transformation.
About Alaro City
Alaro City is conceived as a 2,000-hectare city development located within the Northwest Quadrant of the Lekki Free Zone. Alaro City has a registered and unencumbered Certificate of Ownership title and is furnished with industrial grade standard roads (including an 8-lane, 60-meter-wide boulevard which is one of the largest privately owned roads in Africa), 24-hour electricity via our privately owned Independent Power Plant, water, drains, sewage as well as access to high-speed fiber optics internet.
About Rendeavour
Rendeavour is Africa’s biggest new city builder endorsed by the Economist magazine. By providing secure land title, world-class master planning, high-quality infrastructure and utilities, Rendeavour de-risks large land holdings for city-scale developments. Our mixed-income cities provide homes, offices, industrial areas, schools and hospitals, allowing residents to live, work and play without the daily burden of commuting into and across congested regions.
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