Ooni Signs MoU with American Firm to Build $1.4bn Tech Hub in Ife

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‎By Yinka Kolawole in Osogbo

The Ooni of Ife, His Imperial Majesty Adeyeye Enitan Ogunwusi ‎(Ojaja II) has signed a Memorandum of Understanding (MoU) with a US-based company, SpringPort Technological Group, to build a technology, media city and agriculture incubation hub in the town.

This huge investment came barely two weeks to the return of the Ooni from the USA where he had earlier visited to seek involvement of Africans in the Diaspora in his peace and unity agenda, and  solicit their support for the continent on developmental projects in agriculture, tourism, infrastructure and youth development.‎


With the MoU, the technological hub worth $1.4bn in its first phase is expected to facilitate massive employment of youths in Ile-Ife. After the MoU was signed, the start-up phase for master plan was to begin with investors in London and Asia.


Subsequently, the MoU would be presented to Elliot Jones representing Maya Angelo Foundation, Jason Harrison ofTredic Corporation UK and some other  American/Asian investors.‎

While signing the MoU, the Ooni expressed optimism that the project would span development across Ile-Ife, Osun State, Nigeria and Africa at large.

Further details later