National Economy
Saturday, June 7, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Companies & Markets

EU, India Pledge Support To Drive FDI To Lagos Free Zone

by Helen Khena
2 years ago
in Companies & Markets
Reading Time: 2 mins read
lekki-free-Zone-1031x598
Share on FacebookShare on TwitterShare on Telegram

The Indian High Commissioner to Nigeria, Shri G. Balasubramanian, and the European Union Ambassador to Nigeria and the ECOWAS, Ms. Samuela Isopi, have pledged their support to drive Foreign Direct Investment to the Lagos Free Zone (LFZ). They both made this known during an official visit to Lagos Free Zone in Lagos on Friday, January 20, 2023.

Shri G. Balasubramanian, expressed satisfaction with the quality of infrastructure and investments in the Zone. He stated that the Zone has the potential to change Nigeria’s economic landscape by attracting more foreign direct investments. He pledged to share the message of the unique opportunities available in the Zone with Indian companies in Nigeria and abroad.

“The zone offers investors a unique opportunity, especially in tax benefits and exemptions. Nigeria is the giant of Africa, and there is a great opportunity to be explored within the zone. Lekki Port, on its own, is a fantastic facility that will change how business is done in Nigeria. Of course, it will attract a large number of businesses and a large number of containers to be handled,” he said.

Also, during the visit, European Union Ambassador to Nigeria and the ECOWAS, Ms. Samuela Isopi, commended Tolaram – the promoters of Lagos Free Zone, for the incredible achievements recorded so far. She explained that integrating Lekki Port with the zone remains the biggest game-changer for the Nigerian economy and the West African region. According to her, LFZ is an economic hub that would significantly help advance regional integration by promoting bilateral trade between Nigeria and other countries within the ECOWAS sub-region.

You May Like

Entrepreneurs Commend FCMB’s Training Programme

UBA Unveils Upgraded PoS Terminal, Revamped MONI App

“We are impressed with the vision and concept we have seen here. We are glad that foreign investors can now find a one-stop shop where all they need in the processing, energy autonomy, and skill sets are available. Not only that, they are now open to some incentives, such as tax exemptions, that would enable them to succeed. In addition, we are glad that we now have Lekki Port which would help decongest existing ports and promote trade among ECOWAS countries. With this, we are highly optimistic that the West Africa region will witness desired development,” she said.

In his welcome remarks during the visit, the chief executive officer of Lagos Free Zone, Dinesh Rathi, described the zone as the best investment destination in Nigeria for foreign direct investment. LFZ’s self-sustainable business ecosystem includes warehouses, standard factories, a logistics hub, a fire station, broadband network connectivity, residential developments, a medical facility, solid waste management, and an independent natural gas based power source.

Rathi explained that the zone, promoted by Singapore-based Tolaram, is the first privately owned special economic Zone in Nigeria, covering an area of 850 hectares of land. He noted that LFZ is unique in its focus on delivering ease of doing business, giving businesses in the Zone a competitive edge.

“Lagos Free Zone offers many competitive advantages and incentives for investors interested in locating their businesses in the Zone; these include single-window clearance for regulators, enabling infrastructure, the opportunity to live-work-play, and access to global markets. Another symbolic advantage is that LFZ is the only zone integrated with a deep sea port,” he said.

 

 

 

 

ShareTweetShare
Previous Post

Govt, Corporates Raise N4.3trn Capital Through Equities, Fixed Income Market In 2022

Next Post

Infrastructure Acquisition In Bits And Pieces

ANOTHER GOOD READ

Companies & Markets

Entrepreneurs Commend FCMB’s Training Programme

2 months ago
UBA Unveils Upgraded PoS Terminal, Revamped MONI App
Companies & Markets

UBA Unveils Upgraded PoS Terminal, Revamped MONI App

2 months ago
NGX Group, CSCS Commit To Gender Equality
Companies & Markets

NGX Group Calls For Strengthened Market Collaboration

2 months ago
Total Capital Expenditure For African Oil & Gas Reaches $43bn
Companies & Markets

Total Capital Expenditure For African Oil & Gas Reaches $43bn

2 months ago
Ramadan: LG Electronics Showcases Smart Cooking With Neo Chef Microwave
Companies & Markets

Ramadan: LG Electronics Showcases Smart Cooking With Neo Chef Microwave

2 months ago
Heineken Increases Shareholding In NB To 72.9% As Revenue Surge To N1.1trn
Companies & Markets

Heineken Increases Shareholding In NB To 72.9% As Revenue Surge To N1.1trn

2 months ago
Next Post
World-bank

Infrastructure Acquisition In Bits And Pieces

Most Recent

PENGASSAN Secures 300% Wage Increase For Oil And Gas Workers

PENGASSAN Secures 300% Wage Increase For Oil And Gas Workers

June 3, 2025
1,500 Bureau De Change To Shut As Recapitalisation Deadline Elapses

1,500 Bureau De Change To Shut As Recapitalisation Deadline Elapses

June 3, 2025
FIRS Engages Oil, Gas Stakeholders On E-invoicing Ahead Of July Launch

FIRS Entering New Era Of Excellence, Trust — Adedeji

June 3, 2025
JUST-IN: Reps Pass Tax Reform Bills

N250bn Public Expenditures Unaccounted — Reps

June 3, 2025
5 Unicorns In 9 Years, Who Does That?

5 Unicorns In 9 Years, Who Does That?

June 2, 2025
Guinness Record: Ali Seeks Gov Eno’s Support For World Title Fight

Guinness Record: Ali Seeks Gov Eno’s Support For World Title Fight

June 2, 2025
2026 World Cup Could Change Football Experience – Neymar

2026 World Cup Could Change Football Experience – Neymar

June 2, 2025
2025 National Sports Federations’ Board Elections: NSC Unveils Timeline Proposed Timelines For 2025 National Sports Federations’ Elections

2025 National Sports Federations’ Board Elections: NSC Unveils Timeline Proposed Timelines For 2025 National Sports Federations’ Elections

June 2, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy