The Chief Executive Officer of the Lagos Free Zone (LFZ) – Nigeria’s first private free trade zone, Dinesh Rathi, has announced that the newly commissioned Lekki Seaport will boost Nigeria’s economy by increasing trade volume and attracting foreign direct investment. investment (FDI) to Nigeria, through the Zone.
Rathi said this while delivering a goodwill message at the official commissioning of Lekki Deep Sea Port by the President, Federal Republic of Nigeria, President Muhammadu Buhariheld at the port site on Monday, January 23, 2023.
In his speech, he disclosed that with the integration of the Lekki Deep Sea Port, the Lagos Free Zone is the ideal investment destination, due to the quality of infrastructure available in the Zone. He noted that the Port will provide unparalleled competitive advantages to investors in the LFZ in terms of ease of doing business and trade efficiency.
Rathi thanked the shareholders, partners, and contractors of the project for their joint efforts in the actualization of the project. He believes that the combination of Lagos Port and Free Zone will play a major role in boosting Nigeria’s GDP and creating employment opportunities for the people.
“The establishment of Lekki Deep Sea Port today by President Muhammadu Buhari marks an important milestone for the government and citizens of Nigeria as this project will affect the growth and development of the economy. Lekki Port and LFZ will grow together creating a first-of-its-kind ecosystem in Nigeria.
We express our sincere appreciation to the Federal Government, Lagos State Government, and all relevant government agencies/parastatals, especially the regulator- the Nigerian Export Processing Zone Authority (NEPZA) for their support throughout this journey,” he said.
About Lagos Free Zone
Promoted by Singapore-based Tolaram, the Lagos Free Zone (LFZ) is Nigeria’s first private free trade zone. Centrally located in Lagos State, the largest economic commercial center in West Africa, the LFZ covers an area of 850 hectares.
READ ALSO: Women and Nigerian politics: Beyond reverse discrimination, By Bolulife Oluwadele
It is equipped with world-class infrastructure and a single clearing window to increase operational efficiency. The Lagos Free Zone is the only free zone in Nigeria that is integrated with the Lekki deep sea port, allowing access to regional and international markets. With a focus on ease of doing business, Lagos Free Zone is at the forefront of serving your business in Nigeria.
Support journalism integrity and credibility PREMIUM TIMES
Good journalism costs a lot of money. But only good journalism can guarantee the possibility of a good society, responsible democracy, and transparent government.
For continued free access to the best investigative journalism in the country, we ask that you consider making a modest contribution to this noble effort.
By contributing to PREMIUM TIMES, you help keep journalism relevant and ensure it remains free and available to all.
contribute
AD TEXT: Call Willie – +2348098788999