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 industrialisation, housing businesses across diverse sectors such as manufacturing, logistics, technology, and renewable energy.
Speaking at a media parley 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 up to 43per cent annual profit growth, 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, “he said.
