Master Reality Concepts Unveils Plan for N5bn ICT Mart - Sundiata Tech

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Friday, July 21, 2017

Master Reality Concepts Unveils Plan for N5bn ICT Mart

Master Reality Int’l Concepts Limited, a member of CFL Group is set to build an Information Communication Technology (ICT) mart and laboratory in Nigeria. The ICT hub, which is going gulp N5 billion is planned to sit on a three-acre land beside the new Bus Station, opposite the Ikeja Computer Village, on Simbiat Abiola Street.

Lai Omotola, managing director/CEO of the company, says the ICT centre with the laboratory will be a one-stop shop solution to all ICT related problems, in addition to providing content, and driving diversification of the Nigerian economy from oil as major foreign exchange earner.

“We believe strongly in government’s effort to diversify the economy. And one of the fastest ways to diversify the economy is through ICT. There is so much crave today for content and content development. Content travels through data. It is now known that data will move faster than voice and that people will be using more of data than voice in the nearest future.

Omotola said: “in order for us to prepare for the coming demand and even meet existing demand, we are building the Ikeja ICT mart as a way of solidifying the value chain end of the IT and communication industry. We have come to realise the value chain end is very important in bringing us to global recognition as an IT super house.”

He said the four-floor ICT mart will have 1,000 shop outlets, a multi-storey car park with space for 280 cars. Beautiful landscaping, strategically located two bullion vans, trunk bay, banking hall and IT laboratory that will be globally certified.

According to Omotola, the centre is equally planned to host all the major indigenous IT brands. He added that a number of international ICT firms have already indicated interest to do business at the mart upon its completion.

We are now at the stage of seeking approval from the government to kick-start the project,” he said, expressing optimism that all necessary approvals from the government will be obtained in three months, after which the project will be delivered within 18 months.

Omotola explained that Ikeja is choosing to host the mart because “historically IT started from Ikeja.” What we want to achieve with this is to build our own Silicon Valley in Ikeja and in Lagos. When it comes to IT, the first point of call will be Lagos and Ikeja. So, we are building up an edifice that the entire globe will recognise as our own IT super house,” said Omotola.

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