Ademola: Alaro City is Pivotal to W’African Industrialization

Kayode Tokede

The Managing Director of Alaro City, Yomi Ademola, has said that Nigeria’s most business-friendly free zone has a pivotal role in West African industrialization, housing businesses across diverse sectors such as manufacturing, logistics, technology and renewable energy.

Speaking at a media parley recently in Lagos, he emphasized the city’s predictable and secure environment that leverages free zone benefits.

According to him, these advantages enable many companies to achieve at least 43 per cent increase in annual profit, reducing market uncertainties and de-risking business development on both national and global scales.

The company is making significant strides in transforming the industrial landscape of the country.

Through 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.

Situated on 2,000 hectares of prime land, Alaro City is home to 73 leading companies, including BUA Group, Mantrac Caterpillar, Ariel Foods, TY Danjuma Holding, Kenol, SANA Group, and many others.

With a milestone target of 80 companies in sight, Alaro City is a strategic catalyst for foreign direct investment and supports the growth of local businesses and SMEs.

By operating within the free zone, companies like Ariel Foods are meeting global production standards, positioning Nigeria as a top exporter of Ready-To-Use Therapeutic Foods (RUTF) on the continent.

The city’s vast 16,500 hectares of valuable land are strategically located near the well-organized 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.

In addition to its industrial park, Alaro City offers residential areas for businesses and private individuals, providing proximity to workplaces within the Lekki Free Zone.

The city also features managed green spaces, offering residents and workers access to nature, recreational areas and a healthier living environment.

With state-of-the-art facilities and a supportive regulatory framework, Alaro City aims to become a hub for industries ranging from automotive assembly and electronics manufacturing to pharmaceuticals and consumer goods production.

This diversification is expected to create numerous jobs, fostering a more resilient and dynamic economy.

Ademola encouraged Small and Midsize Enterprises (SMEs) to leverage the opportunities within Alaro City to scale up operations and achieve profitability.

The city provides the utilities and security necessary for seamless business operations in a conducive environment.

He also called on stakeholders and the media to promote positive narratives about Nigeria’s investment opportunities, encouraging investors to contribute to a competitive and thriving market.