The Osun State Government under the leadership of Governor Ademola Jackson Nurudeen Adeleke and Smart City Plc have, on 28th May 2025, signed a Memorandum of Understanding (MOU) primarily to foster innovation, economic development and improved quality of life for the people.
This is in consonance with Governor Ademola Adeleke’s industrialization drive, such as investment in Infrastructure, Technology Ecosystem, Health, Education, Agriculture and Commerce & Industry, bringing economic stability and development for all the citizens.
Smart City Plc, established in 2017 and headquartered in Ikoyi Lagos, is a Nigerian Investment and Infrastructure Company, specializing in Real Estate development, Smart Urban Planning and emerging technologies.
The execution is a Public Private Partnership (PPP)-driven model with policy backing from the Osun State government and private sector, led by Smart City Plc.
Signing the MOU, on behalf of the State government, the Honourable Commissioner for Commerce and Industry, Rev. Bunmi Jenyo expressed satisfaction that such a lofty dream comes to fruition. He appreciated all government agencies who joined hands to materialize the project.
The Chairman, Board of Directors, Smart City Plc, Sir Demola Aladekomo who personally signed on behalf of the Smart City Plc asserted that the time is ripe to turn the lofty idea to reality.
Meanwhile, the project in a structured environment, located at the Living Spring Free Trade Zone will create an affordable housing scheme for salary earners and over 100,000 direct employment opportunities for job-seekers.
Apart from revenue generation, the arrangement will also put Osun State on a global map, which will further facilitate World Foreign Direct Investment into the State.
Recall that this is one out of many investors, who have approached the State Government for investment opportunities during 2024 industrial investment summit in the State.
