ExxonMobil Cooperative signs investment agreement with Metro Smart City

In a major leap toward redefining urban living in Africa, Metrospeed Property Development Limited has signed a landmark partnership agreement with the ExxonMobil Staff Cooperative Society Limited, reinforcing its bold vision for the Metro Smart City project in Lagos.

The signing ceremony, held recently in Lagos, according to a statement, comes just two weeks after a similar strategic alliance with Chevron Employees Multipurpose Cooperative Society (CEMCS).

Describing the deal as a “strategic partnership,” the CEO of Metrospeed Group, Dele Oyefuga, in the statement emphasised that the collaboration validates the firm’s capacity for execution, governance, and long-term value creation:

“This partnership is strategic. It speaks to confidence not just in our product, but in our governance, delivery capacity, and long-term value creation,” Oyefuga stated.

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The 97-hectare Metro Smart City is being developed in collaboration with global infrastructure leader China Civil Engineering Construction Corporation Ltd (CCECC) and it is designed to be a future-forward urban model.

“Metro Smart City is not just a development; it’s a blueprint for how African cities should evolve—smart, sustainable, secure, and premium. We are combining innovation, technology, and urban planning to serve future generations,” Oyefuga added.

The President of ExxonMobil Cooperative, Isibor Iyasele, said the partnership offers real value to its members and represents a meaningful opportunity in today’s real estate market:

“This will provide members of our cooperative an opportunity to key into something which we think will bring good value. That’s the objective,” he said, adding that the group’s interactions with Metrospeed have been “good and encouraging.”

Head of Sales & Marketing at Metrospeed, Emike Ntiokiet, echoed the significance of ExxonMobil’s involvement:“This partnership reaffirms the market’s growing confidence in Metrospeed. ExxonMobil didn’t just buy land—they bought into the future. They saw the infrastructure, the scalability, the lifestyle proposition, and most importantly, the returns.”

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Ntiokiet added that investor traction continues to grow:“We are experiencing a strong traction curve—driven by product confidence, premium positioning, and effective messaging. Our strategy is to continue attracting forward-thinking investors and early believers.”

As interest from multinationals continues to rise, the Metro Smart City project positions itself as a flagship model for integrated living, sustainable infrastructure, and inclusive investment opportunities in Nigeria and beyond.

Giving an insight into what investors can expect, the CEO promised good returns, security, and pride of ownership. “Every plot is backed by clarity of title, infrastructure roll-out, and a vision tied to commercial and residential harmony,” he said.