Osun Govt Partners with Smart City Plc to Boost Investment, Enhance Citizens' Wellbeing


The Osun State Government, led by Governor Ademola Adeleke, has entered into a strategic partnership with Smart City Plc to drive innovation, economic growth, and improve the quality of life for residents. A Memorandum of Understanding (MoU) was officially signed to solidify the collaboration.

This initiative aligns with Governor Adeleke’s industrialization agenda, which focuses on key sectors such as infrastructure, technology, healthcare, education, agriculture, and commerce, aiming to foster sustainable development and economic stability across the state.

The Company which has its headquarters  Lagos State, is a Nigerian investment and infrastructure firm specializing in real estate, smart urban planning, and emerging technologies.
The partnership is structured as a Public-Private Partnership (PPP), with policy support from the Osun State Government and execution by Smart City Plc.

Speaking at the MoU signing, the Commissioner for Commerce and Industry, Rev. Bunmi Jenyo, expressed his satisfaction with the agreement, commending the collaborative efforts of all government agencies involved in bringing the project to life.

On behalf of Smart City Plc, the Chairman of the Board, Sir Demola Aladekomo, signed the MoU and noted that the time was right to transform the ambitious vision into a tangible reality.

The project, situated within the Living Spring Free Trade Zone, will include an affordable housing scheme tailored for salary earners and is expected to generate over 100,000 direct employment opportunities for job seekers.
In addition to boosting internally generated revenue, the initiative is set to place Osun State on the global investment map, attracting increased foreign direct investment (FDI).

This agreement follows a wave of investor interest sparked by the 2024 Industrial Investment Summit hosted by the state, making it one of several high-profile partnerships underway.

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