Osun Government, Smart City Plc in partnership to foster investment, citizens’ improved quality of life

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.

Credit: https://sahelstandard.com/news/

COMMUNIQUE TO OUR ESTEEMED CLIENTS AND STAKEHOLDERS

Upward Price Adjustment on Land within HazanaCity – Effective June 9, 2025

Dear Esteemed Clients and Stakeholders,

We extend our heartfelt appreciation for your continued trust, partnership, and support in our shared vision to develop future-forward smart estates.

As part of our ongoing commitment to delivering top-tier infrastructure, amenities, and long-term value across our developments, we wish to formally notify you of a forthcoming adjustment in the pricing of our HazanaCity plot of land.

Effective 9th June, 2025, the price of land across HazanaCity Osogbo Residential Plots will be N30,000 per SQM, i.e. N15 million per 500 SQM plot. However, between now and then, we have only 10 plots available to be sold at N10 million per 500 SQM plot.

This price review aligns with prevailing market realities, and more importantly, it reflects the significant progress we are making in delivering a modern, tech-enabled living experience that ensures high returns on investment for all stakeholders.

We encourage you to take advantage of the current pricing before the new rate takes effect. Our team remains available to support you through the process and to answer any inquiries you may have.

Thank you once again for your belief in our vision. Together, we will continue to build vibrant, sustainable communities for generations to come.

Warm regards,
For: SmartCity PLC