Nigerias smart city initiative gets a major boost, as Metrospeed Property Development Limited and ExxonMobil Staff Cooperative Society Limited signed an investment agreement to extend the major milestones for the emerging Metro Smart City in Lagos.
The partnership, formalized at Metrospeeds Lekki headquarters, reinforces growing investor confidence in the 97-hectare urban innovation project, which aims to redefine modern city living through technology-driven planning and sustainable infrastructure.
The move comes just weeks after a similar alliance with the Chevron Employees Multipurpose Cooperative Society, CEMCS, further validating Metrospeeds bold smart city vision.
CEO of Metrospeed Group, Dele Oyefuga, described the deal as more than a land transaction.