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Conceived on 2,000 hectares of land, Alárò City is one of the fastest-growing real estate and urban developments in Nigeria
Alárò City has:
️Asphalt and industrial-grade roads (including an 8-lane, 60-meter-wide boulevard which is one of the largest privately owned roads in Africa),
️24-hour electricity via our privately owned IPP
️dedicated water reticulation systems, ️drain
️sewage
️ICT.
Tax Incentives and Cost Savings: One of the primary advantages of operating within Alárò City is the attractive tax incentives and cost savings it offers i.e. ️exemption from Corporate Income Tax (CIT) (i.e., up to 30%),
️ Value Added Tax (VAT) (i.e., 7.5%), ️Withholding Tax (WHT) (i.e., 10%),
️as well as waivers on import, export and other custom duties,
️ no restrictions on expatriate quotas, ️ease of repatriation of funds offshore; amongst others.
As a business, you can enjoy streamlined administrative processes, these benefits directly contribute to enhancing your bottom line, enabling you to reinvest in growth initiatives and increase profitability.
️Enhanced Trade and Market Access: Alárò City acts as a gateway to a vast market of over 200 million people. Being the only part of the Lekki Free Zone with direct access to the Lekki Epe expressway, establishing your presence within Alárò City gives preferential access to the Nigerian market and other regional markets within Africa. This strategic positioning opens up new avenues for expansion and enables you to tap into the continent's rapid economic growth.
️Regulatory Support and Investor-Friendly Policies: Alárò City has a fully functional one-stop-shop which houses all relevant Government agencies necessary for the smooth operations of the Zone. This one-stop administrative center engenders speedy processing of all applications, reduces investor-government agency engagements and eliminates multi-layered government interactions.
Additionally, there are key value drivers and supporting infrastructure in and around the Lekki Free Zone which contribute to our unique propositions.
These are:
️The Lekki Deep Sea Port: The sea port was commissioned in February, 2023 by the President of the Federal Republic of Nigeria
️Alárò City is a 40-minute drive from the port, which makes for ease of transportation from the port to other parts of Nigeria and neighbouring countries.
️The Lekki International airport is located opposite Alárò City and sits on 3,500 hectares of land. The airport will be designed to handle approximately 5 million passengers per annum
️The Dangote refinery, located in the south-east quadrant of the Lekki Free Zone, was commissioned in May of 2023. The fertilizer plant commenced operations since January of 2022.
We have plot ranging from 1000sqm upwards
Property Ref: 1787677 | Added On: 23 Jun 2023 | Last Updated: 09 Dec 2024 |
Market Status: Available | Type: Industrial Land | Total Area: 1,000 sqm |
Covered Area: 20,000,000 sqm |
Did you know Lekki was named after a Portuguese sailor named Mr. Lecqi? I bet you didn’t.
Lekki has a wide range of shopping opportunities. Do you prefer to shop indoors or outdoors? Whatever you are, Lekki has you covered. With so many malls in the area, shopping in Lekki can be a lot of fun.
Northern Foreshore Estate, one of the most expensive estates in Lekki, provides an adequate drainage system for its residents. It has been able to curtail the known flooding issues of Lekki environs.
Recreational centres...check! Beaches….check! Restaurants…. check! Lekki is unquestionably a one-stop shop for fun and entertainment.
Schooling in Lekki is definitely not basic. Lekki boasts of having some of the most expensive and best schools in Lagos. The thing about schools in Lekki is that they offer more than just conventional teaching.
Read the full area guide for Lekki, Lagos.
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