WP_DEBUG Lagos State Governor Commissions Ariel Foods Factory, $250m Housing Project in Alaro City - Brand Spur

Lagos State Governor Commissions Ariel Foods Factory, $250m Housing Project in Alaro City

Must Read

Audi electrifies FC Bayern Munich (Photos)

Enabled by the partnership with Audi: FC Bayern Munich is the first international football club to drive using electric...

#BBNaija: Betway Launches New Predict and Win Promo

Betway, premium gaming and online entertainment brand, and the headline sponsor of Big Brother Naija has launched a new...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

The Lagos State Governor, Babajide Sanwo-Olu, has commissioned an Ariel Foods Factory in Alaro City, Lekki Free Trade Zone.

Speaking at the commissioning ceremony held on Friday in Lagos, The governor said the project is a testament to Lagos being one of the leading investment destinations in Africa.

Lagos State Governor Commissions Ariel Foods Factory, $250m Housing Project in Alaro City - Brand Spur

Sanwo-Olu, who was represented by a permanent secretary in the ministry of commerce, Bola Balogun, added that the confidence of foreign investors is an affirmation of ease of doing business in the state.

“The confidence of international and foreign investors is a testament to Alaro City as the location of choice for businesses in the Lekki Free Zone and to the ease of doing business in Lagos State.
”I am delighted to be here for the commissioning of the Ariel Food Factory, the largest ready to use therapeutic food factory in Africa as well as the ground-breaking ceremony of the 500-unit middle-income residential project and the unveiling of seven other projects across key sectors all cited in the emerging Alaro City in the Lekki Free Trade Zone.
”I am pleased to witness the start of operations of Ariel Foods, which has built a remarkable facility in less than one year. I am equally pleased to welcome Universal Homes, HMD Africa, Sana Industries, Loatsad, Kenol, and ASB Valiant to the Lekki Free Zone,” the governor said.
Speaking also, The Chairman, Rendevour Group, Frank Mosier noted that the newly commissioned city would provide jobs and investment for Lagos state and the country at large.
He added that the group injected $250bn into building the City in order to bring the dream into reality.
“When we launched Alaro City one year ago, we promised to deliver investment and jobs to Lagos State and Nigeria, so it is with great pleasure that we welcome a major food producer and housing developer to Alaro City. Global, regional and local companies are building facilities in Alaro City, taking advantage of its ideal location for transport and logistics, free zone status, secure land title and high-quality infrastructure.
“As a master developer, Rendeavour invests more than $250 million in each project, creating the infrastructure and living and working spaces that will help sustain and accelerate Africa’s economic growth, meet the aspirations of Africa’s burgeoning middle classes, and serve as a catalyst for further urban development,” Frank said.
Ariel Foods Chairman, Dhiren Chandaria expresses gratification towards its expansion, assuring to play a major role in food in West Africa.
- Advertisement -
Lagos State Governor Commissions Ariel Foods Factory, $250m Housing Project in Alaro City - Brand SpurLagos State Governor Commissions Ariel Foods Factory, $250m Housing Project in Alaro City - Brand Spur
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Lagos State Governor Commissions Ariel Foods Factory, $250m Housing Project in Alaro City - Brand SpurLagos State Governor Commissions Ariel Foods Factory, $250m Housing Project in Alaro City - Brand Spur

Latest News

Lagos Commissioner Commends Traffic Radio for Projecting Government Policies

The Honourable Commissioner for Information and Strategy, Mr. Gbenga Omotoso has commended Lagos Traffic Radio for its drive and...

Stock Recommendations for the Week (21/09/2020 – 25/09/2020)

Last week, investors wealth on the local bourse appreciated by ₦10.4 billion following bargain hunting on medium and large-cap Industrial goods and Consumer goods...

Agusto & Co. assigns a fund credit quality rating of “A+(f)” and fund volatility rating of “FV5′ to Coronation Fixed Income Fund. 

Agusto & Co assigns A+(f) credit quality and FV5 volatility ratings to the Coronation Fixed Income Fund (“CFIF” or “the Fund”). The rating reflects...

Olam Cocoa hits 100% traceability target across its direct global supply chain

Olam Cocoa, a leading supplier of cocoa beans and ingredients, today announces it has achieved 100% traceability of directly sourced cocoa across its global...

Founder and CEO of 54gene Selected as Endeavor Entrepreneur

 Endeavor has welcomed a new entrepreneur into its global network; Dr Abasi Ene-Obong of 54gene was selected as an Endeavor Entrepreneur on September 17, 2020. 54gene is a...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Lagos State Governor Commissions Ariel Foods Factory, $250m Housing Project in Alaro City - Brand SpurLagos State Governor Commissions Ariel Foods Factory, $250m Housing Project in Alaro City - Brand Spur