On February 14, 2020, a group of Japanese Investors was hosted to a tour of Lagos Free Zone (LFZ) – ‘The Gateway to a New Frontier’. The LFZ is in ‘The New Lagos,’ a name earned by Ibjeu-Lekki region, one of the fastest-growing local government areas of Lagos State.
This region is home to several brands such as Kellogg’s, Colgate, Dano Milk, Indomie and BASF, all of whom have manufacturing facilities in the zone. LFZ also houses Lekki Deep Sea Port, which is poised to contribute about 3 percent to the national GDP by 2025. This makes the Zone well connected to regional and international routes while offering investors access to an enormous consumer market across Nigeria. The deep seaport will be operational by the second quarter of 2022.
Once fully developed, the LFZ will house over 150 industries in different sectors – from FMCG to engineering and pharmaceuticals, bringing in billions of dollars in foreign direct investment to Nigeria. The Zone will also serve as a logistics hub for West Africa and have a real estate cluster, creating a complete live-work-play environment…
More details through:
News Archive from before July 2018