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 (FDI) to the Lagos Free Zone (LFZ).
Balasubramanian, during an official visit to Lagos Free Zone, 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 and pledged to share the message of the unique opportunities available in the Zone with Indian companies in Nigeria and abroad.
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 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.
“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.
The Chief Executive Officer of Lagos Free Zone, Dinesh Rathi, described the Zone as the best investment destination in Nigeria for foreign direct investment. According to him, 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.
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