Lagos Free Zone has called on Nigerian, Belgian and Luxembourg businesses to strengthen investment partnerships in local manufacturing, agro-processing and industrial development to boost economic growth and create jobs in Nigeria.
The Managing Director of Lagos Free Zone, Adesuwa Ladoja, made the call during her keynote address at the Nigeria-Belgium-Luxembourg Business Forum held in Brussels recently.
Ladoja said the three countries possessed complementary economic strengths that could create mutually beneficial investment opportunities, noting that Nigeria’s natural resources, skilled workforce and market potential could be combined with Belgium’s manufacturing expertise and trade networks, as well as Luxembourg’s industrial and financial capabilities.
She stressed that stronger cross-border partnerships would enable Nigeria to expand local production, process more agricultural resources and manufacture goods for domestic consumption and international markets.
According to her, such collaborations would not only strengthen industrial development but also create employment opportunities and ensure that more economic value is retained within the country.
Ladoja identified Lagos Free Zone as a platform for translating the proposed partnerships into tangible investments through its industrial facilities, serviced land, utilities and investor support services.
She added that the Zone’s integration with the Lekki Deep Sea Port provides businesses with access to regional and international markets, while its regulatory support services facilitate investors’ establishment and operations in Nigeria.
The Managing Director urged European businesses to explore investment opportunities in the Zone, emphasising the need for partnerships that would translate into manufacturing facilities, locally produced goods, skills development and job creation.
