The Lagos State Government has signed an investment deal with the City of Dubai, United Arab Emirates for the creation of Africa’s first smart city.
With the signing of the Memorandum of Understanding on Monday, Lagos will be the historic home of the very first Smart City in Africa.
This multi-billion dollar investment is expected to create thousands of jobs and transform the Ibeju-Lekki axis in particular and the entire Lagos State in general.
A Smart City is a growing concept that draws from the success of Dubai’s innovative knowledge-based industry clusters to empower business growth for companies and knowledge workers all over the world.
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When completed, It would also be the first smart city in Africa. The Smart City of Lagos will have, among other features, a 12-lane road, hotel resorts, world-class technological education facilities, a rail metroline, to mention but a few.
The MOU for the Lagos Smart City was signed at the Emirate Towers by the Lagos State Attorney-General and Commissioner of Justice, Mr. Adeniji Kazeem and the Chief Executive Officer of Smart City Dubai LLC, Mr. Jabber Bin Hafez.
It was witnessed by the Chairman of Dubai Holdings, His Excellency, Ahmad Bin Byat who is also the Deputy Prime Minister, the Lagos State Governor, Mr. Akinwunmi Ambode, and the Chairman of Smart City Lagos Ltd, Prof. Pat Utomi.
Also in attentance were the Special Adviser to the Governor on Overseas Affairs and Investment, Prof. Ademola Abass; Chairman, Public Accounts Committee of the Lagos State House of Assembly, Hon. Olanrewaju Oshun, Hon. Dipo Famakinwa and Mr. Obafemi Saheed.
In a release signed on Tuesday by the Lagos State Commissioner for Information and Strategy, Mr. Steve Ayorinde, the Smart City (Lagos) is a deliberate attempt by the government to establish a strong convergence between technology, economic development and governance.
He stated that the MOU between Lagos State Government and Dubai Holdings, LLC, owners of Smart City (Dubai) to develop a sustainable, smart, globally connected knowledge-based community that drives knowledge economy.
Governor Ambode stated that the collaboration is part of the larger vision to make Lagos safer, cleaner and more prosperous.
The Lagos state government said a Smart City Lagos will be the pride of all Lagosians just as we have Smart City Dubai, Smart City Malta and Smart City Kochi (India).