UBA, Ogun State Gov Sign MoU For Mitros City Development

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United Bank for Africa (UBA), one of Africa’s as well as Nigeria’s biggest players in the banking industry have just signed a Memorandum of Understanding (MoU) with the Ogun State government for the development of Mitros city, located or sited at Isheri, in Ifo Local Government area, Ogun State. About 2,000 hectares of land have been set aside or earmarked for this massive developmental project.

Mr. Segun Abiodun, who is the special advicer to the Ogun State government on housing, said the Mitros City would represent a unique development opportunity. His words,“The project site which  is prone to flooding is expected to be stabilised at approximately 5-7m above sea level firstly by the proposed dredging and realignment of the Ogun River,”

According to him, Mitros City would offer an ultimate urban experience which is the result of careful planning and understanding of the ingredients that make for rewarding urban life.
He added, “Mitros City is a well-defined central business district that will serve as a magnet drawing residents and visitors from a series of local centers that are all within walking distances of each other, owing to the number of significant regional transport strategies, including the upgrading of the Lagos-Ibadan expressway,  there will be a new toll road to Lagos international airport and a proposed LRT terminal within close proximity”.

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He said that Mitros City will be well connected both locally and regionally.
“The interconnection of the urban centre and the commercial, residential districts and the road and rail systems that will link Mitros City to Ogun State and Lagos will make city a viable location to live and work,”