• To create 200,000 Jobs
• Provide housing schemes for Lekki FTZ
Lagos State Governor, Mr Akinwunmi Ambode on Tuesday launched a 1000-hectare modern satellite city in Epe-Ibeju Lekki axis projected to create over 200,000 jobs and housing schemes for all the major projects coming on board within the Lekki Free Trade Zone.
Named Alaro Satellite City, Governor Ambode described the unveiling of the project as a major milestone in his administration’s vision of making every part of the State economically viable and livable, adding that the development was a dream come true.
He said with major projects in the works in the Lekki-Epe corridor such as the Free Trade Zone, largest Deep Sea Port in Africa and International Airport, among others, a new city to provide housing schemes and other facilities for workers, investors and the people generally was desirous, hence the need for the initiative.
Giving details, Governor Ambode said: “The Alaro Satellite City was conceived to provide housing schemes to a broad spectrum of income earners, industrial workspaces, warehouses, hospitality and commercial office facilities amongst others.
“The project would not only open up the corridor but would transform its economic landscape by providing jobs, reducing poverty and contributing significantly to socio-economic development of the State, especially in terms of the GDP of the State in particular, and the country in general.”
While commending the private sector especially Rendeavour Group and North West Quadrant Company for partnering with the State Government to deliver the new city, the Governor said the successful launch of the project was a demonstration of the confidence the Organised Private Sector (OPS) and foreign investors have in viability of doing business in the State, adding: “The Alaro Satellite City is a strong statement that our Lagos is still attracting more direct foreign investment.”
The Governor, who assured the partners of the State Government’s unshaken commitment to the success of the project, also expressed strong optimism that the initiative would be continued by successive administration being that it is about creating jobs and scaling up the GDP of Lagos.
He said in anticipation of increase in human and vehicular movement within the axis as a result of ongoing gigantic projects, the State Government would construct a road to link Shagamu-Benin Expressway from Lekki Deep Sea Port and a 50-hectare truck park.
According to him, “We are aware that the increase in construction and industrial activities are already taking its toll on the road networks and other complementary infrastructure along this corridor.
“In order to forestall future chaotic traffic log-jams within this corridor and avoid similar incidences such as is being experienced in the Apapa axis, we have initiated the process of constructing the 7th Axial Road from the Lekki Deep Sea Port, en route the Lekki Free Zone to the Shagamu-Benin Expressway.
“The design for the construction of a 50-hectare truck park within the Lekki-Epe corridor is also in progress.”
Besides, Governor Ambode lauded the host communities for their trust and forbearance, revealing that the State Government had approved 750 hectares of land as resettlement land for communities displaced from Parcel B of the Lekki Free Zone namely Yegunda, Abomiti and Eyin-Osa.
He said the Lands Bureau had also been instructed to expedite action on the enumeration of the land in question to accelerate payment of compensation and the issuance of the C of O, just as he assured all stakeholders of the commitment of government towards ensuring the security of all investments and maintaining good harmonious relationships between the investors and the host communities.