News

Alaro City Devt Represents a Turning Point For Foreign

Published

6 years ago

February 5, 2019

By Anjorin Usman,

The Chairman of Rendeavour, Frank Mosier, believes the successful development of Alaro City, an emerging satellite community in Epe, Lagos will trigger foreign direct investment to the state.

Mosier stated this recently at the ground breaking ceremony of Alaro City being developed in the Lekki Free Zone area. The ceremony was performed by the Lagos State Governor, Mr. Akinwunmi Ambode, assisted by other stakeholders, including the Minister of Agriculture, Chief Audu Ogbe; Stephen Jennings, the chief executive officer of Rendeavour; Chairman of North West Quadrant Development Company (NWQDC), Otunba Teni Zacchaeus, representatives of the diplomatic corps, Epe community, among other distinguished personalities.

Alaro City is designed as a mixed-income, city-scale development with master-planned areas for offices, logistics and warehousing, homes, schools, healthcare facilities, hotels, entertainment and 150 hectares of parks and open spaces. Rendeavour and Lagos State Government, through their subsidiary, North West Quadrant Development Company (NWQDC), have conceived Alaro City as a 2,000-hectare, market-led project. NWQDC is authorised by both the Federal Government of Nigeria, through the Nigeria Export Processing Zones Authority, and the Lagos State Government as an entity to develop, operate, administer and manage Alaro City.

Rendeavour is Africa’s largest new city builder, with over 12,000 hectares (30,000 acres) of city-scale developments in the growth trajectories of large cities in Kenya, Ghana, Nigeria, Zambia and Democratic Republic of Congo. Officials said Rendeavour is creating the 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.

According to the Chairman of Rendeavour, Frank Mosier, “The success of this project and the resulting prosperity of this neighborhood will demonstrate to the people of this city the opportunities for them to live better lives. But the success of this project will also send a message to investors across the world that Lagos State is a good home for direct investment. That the State supports global investors and that they can have a great impact.

“I believe this project represents a turning point for foreign direct investment and that the time is right for investment in Lagos State.”

The development of Alaro City, he said would introduce a new order in Lagos. “Here, over the next decade, there will be thousands upon thousands of new jobs. There will be thousands of new, first home owners, whose children will be educated in leading schools built on this site. Hard working people will have the opportunity to own homes, to get better jobs and to start businesses, and for their children to have access to a great education right down the street so that the next generation can achieve even more. All on this 2000 hectare site with world-class infrastructure.”

He said although many people over a long period of time were responsible for making the project a reality, “but the one man who has worked tirelessly and with great vision to see this project realized is Akinwunmi Ambode. This project, as well as the many improvements in efficiency and infrastructure that he has already achieved, will make Lagos State a platform for economic success and social progress, a leader in Nigeria and across Africa, and simply a better place to live a better life.”

Stephen Jennings, founder and CEO of Rendeavour said, “Rendeavour is backed by American, British, Norwegian and New Zealand investors with a long-term commitment to Africa, and to Nigeria in particular. We opened our first businesses in Nigeria in 2006, launching Renaissance Capital one of Nigeria’s and the continent’s leading investment banks and in 2012 we established RenMoney, Nigeria’s leading consumer finance bank. Since that time we have not wavered in our commitment to large-scale, transformational investment in Nigeria and especially in Lagos, the country’s commercial nerve centre.”

Rendeavour, he said is Africa’s largest builder of new cities. “We are developing seven major satellite cities in five countries – Nigeria, Ghana, Kenya, Zambia and the DRC.

“These cities, on more than 12,000 hectares of land, are providing homes, offices, schools, hospitals and industrial parks within well-planned urban environments, delivering new roads and utilities such as power, water and ICT, to thousands of people today, and to hundreds of thousands in the future.

“Looking to our work in Kenya, Ghana and Zambia as examples, we have invested approximately $300 million of our own capital to develop sustainable and inclusive new cities. In turn this has catalysed well over $1 billion in additional investment in construction, plant and equipment in these countries by indigenous and multinational companies looking to build their own futures on this great continent.

“In our cities, more than 60 companies including Unilever, MTN and Africa Logistics Properties, the IFC- and CDC-financed Grade A warehousing business, are building or have completed offices, manufacturing facilities and world-class logistics and warehousing complexes. Five new school campuses have opened in our cities by partners such as Johannesburg Stock Exchange listed ADvTECH and Nova Pioneer, educating thousands of students every day. Several more major schools are in the planning phase.

“We have affordable housing for 3,000 families and kilometres upon kilometres of roads and water and sewerage systems. More than 10,000 direct and indirect jobs have been created so far, many of them sourced from our host communities having been trained at our own skills centres.”

Alaro is destined to be a transformational world-class mixed-use city. Add in the region’s deepest seaport near, the international airport planned for just across the road and path breaking industrial projects such as Dangote’s fertilizer plant and refinery, and it is clear that this axis of Lagos is going to become the premier gateway to the rest of Nigeria and indeed West Africa, Jennings said.

Chairman North West Quadrant Development Company (NWQDC), Otunba Teni Zacchaeus described the ground breaking as “a watershed moment for Lagos State and is a testimony to the hard work and dedication of multiple administrations. Today’s launch of Alaro City, Epe strengthens the future of the Lekki-Epe axis as a major driver of the State’s economy which will ultimately bring significant benefit to the whole of Nigeria.”

News

ASR AFRICA HOLDS GROUNDBREAKING CEREMONY FOR A N250 MILLION ABDUL SAMAD RABIU MEDICAL SCIENCE LABOURATORY FOR CRESCENT UNIVERSITY

Published

2 weeks ago

February 26, 2025

august24admin

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

ASR Africa has commenced the construction of a N250 Million medical science laboratory for Crescent University, Abeokuta in Ogun State.

From Right: Mr. G. T. Ogunmefun (University Acting Bursar); Barr. A. M. Ajiobla, SAN (Proprietor); Prof. Ibraheem Gbajabiamila (Vice- Chancellor); Dr. Ubon Udoh (MD/CEO, ASR Africa); Barr. Z. A. Ajibola (Registrar) and Prof. M. K. Momodu (Dean, College of Law) at the ground breaking ceremony of the Medical Science Laboratory for Crescent University, Abeokuta.

August24news.com gathered that the laboratory will enhance the capacity of the institution in meeting the National Development Plans and Transformational Agenda (NDTA) of the Federal Government of Nigeria, whilst filling the gap created by laboratory scientists who have left the country recently.

Speaking at the ceremony, the Vice Chancellor of the University, Prof. Ibraheem Gbajabiamila, expressed gratitude for the institution’s nomination by ASR Africa under its Tertiary Education Grant Scheme (TEGs).

He applauded ASR Africa for the award of the grant and noted that the project is the university’s topmost priority, considering its drive to expand its College of Health Sciences programs.

In his response, the MD CEO of ASR Africa, Dr Ubon Udoh, commended the management of the university for their academic achievements and systematic growth which is evident by the addition of three new colleges recently.

These colleges include the College of Environmental Sciences (COES), Bola Ajibola College of Law (BACOLAW) and the College of Health Sciences (COHES). Dr Udoh reiterated the commitment of ASR Africa in ensuring a timely completion of the project.

The N250 Million grant will provide fixtures and fittings for the medical science laboratory which features a 300 sitting capacity auditorium, offices for Head of Departments and lecturers, lecture /seminar rooms.

It will also cater as laboratories facility for Medical Laboratory Science, Medical Biology, Hematology, Pharmacology/Therapeutics and Chemical Pathology.

The ASR Africa Tertiary Education Grant Scheme is targeted at supporting quality education within the tertiary education system in Nigeria and so far over 30 tertiary institutions in Nigeria have benefitted from this grant which ranges from N250 million to N 2 billion.

ABOUT ASR AFRICA
The brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

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Seplat Energy Clinches ‘Deal of the Year’ at New Telegraph Award

Published

2 weeks ago

February 26, 2025

august24admin

Seplat Energy Clinches ‘Deal of the Year’ at New Telegraph Award

AJAGBE ADEYEMI TESLIM

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Olusunle, Now Fellow Nigerian Mining & Geosciences Society (FNMGS)

Published

2 weeks ago

February 26, 2025

august24admin

…As Society Celebrates 64 Years of Existence

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

A research Director of the National Agency for Science and Engineering Infrastructure (NASENI), Engr. Dr. Samuel Olugbenga O. Olusunle has been conferred with the prestigious Fellow of Nigerian Mining and Geosciences Society (FNMGS), one of the oldest professional bodies in the history of Nigeria.

NASENI Research Director, Engr. Dr Samuel Olugbenga O. Olusunle, FNMGS, (right) receiving the Conferment Award plaque and Certificate from Prof. Akinade Sadrach Olatunji, the President of the Nigerian Mining and Geosciences Society(NMGS)(left) during the Awards Night which took place at the Chida International Hotels Abuja on Wednesday 19 February 2025.

The Nigeria’s late sage, Pan Africanist and President during the First Nigerian Republic Dr. Nnamdi Azikiwe was the first patron of the Nigerian Mining and Geosciences Society.

The Society yesterday in Abuja concluded its 60^th Annual International Conference and Exhibition (AICE), and it was time for the body to honour and recognize its members who had contributed tremendously not only to the growth and development of the Mining and Geosciences profession in the country, but the accomplishments of the honourees having direct bearing on the general socio-economic development of the country.

The event which was held between 16^th to 19^th February 2025 at the Chida International Hotel Abuja, came to a climax with Awards Night and recognition. Dr. Olusunle and 42 other members were honoured with the prestigious fellow category, which is the highest election attainable in society.

This conferment has added new appellation to Engr.Dr. Olusunle’s name as FNMGS. In 1977, the Nigerian Mining and Geosciences Society (NMGS) succeeded the Nigerian Mining Geological and Metallurgical Society (NMGMS) which was founded on 15th January 1961 and officially inaugurated on 17th December, 1962.

The society is an international professional organization. Its Objectives include: Advancement and practice of Mining, Earth sciences and Metallurgy, Acquisition, preservation and dissemination of mining geoscientific and metallurgical knowledge, publication of an interdisciplinary learned journal of Mining and Geology (JMG), the CRUST, periodicals and specialized books including annual books of abstracts and programmes of the society’s conferences and activities and upholding the ethics and safeguarding the interests of the professionals covered by the society.

The society also has statutory representation in the council of the Nigerian Mining Engineers and Geoscientists (COMEG) established by the Federal republic of Nigeria Decree No. 40 of 1990. The categories of membership are Fellow, Corporate, Graduate, Students, Affiliate, Institutional and Honorary fellow, the highest of all is the Fellow category.

When asked to speak on the significance of the society’s recognition to him and NASENI where he serves as Director Research, a highly elated Olusunle had this to say: “I give God the glory and I am really humbled to be elected FELLOW of NMGS. It should be noted that the mandate of NASENI and the core concerns of NMGS are knittingly related. NASENI has one of its institutes operating within the purview of solid minerals exploitation (SOMMEDI).

NASENI also under wonderful leadership of the EVC/CEO, Khalil S. Halilu, is actively involved in the CNG project of the Federal Government. These and other notable activities/intervention of NASENI are collaborative windows between the agency and NMGS”.

Before he became research director, Dr. Olusunle was former Managing Director, Engineering Materials Development Institute (EMDI) Akure, one of NASENI Development Institutes. Also, he is a FELLOW of the Nigeria Institute of Mechanical Engineers (NIMechE), the Materials Science and Technology Society of Nigeria (MSN), the Nigeria Society of Engineers (NSE), The Nigeria Institute of Management (NIM), The Nigerian Metallurgical Society (NMS)and many others.