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


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.

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.