Please answer a question about the following article about Raleigh, North Carolina:

Raleigh (/ˈrɑːli/; RAH-lee) is the capital of the state of North Carolina as well as the seat of Wake County in the United States. It is the second most populous city in North Carolina, after Charlotte. Raleigh is known as the "City of Oaks" for its many oak trees, which line the streets in the heart of the city. The city covers a land area of 142.8 square miles (370 km2). The U.S. Census Bureau estimated the city's population to be 439,896 as of July 1, 2014. It is also one of the fastest-growing cities in the country. The city of Raleigh is named after Sir Walter Raleigh, who established the lost Roanoke Colony in present-day Dare County.

Who is it named after?
Sir Walter Raleigh