Posted on January 30, 2023
The Chief Executive Officer of the Lagos Free Zone (LFZ)-the first private free trade zone in Nigeria, Dinesh Rathi, has declared that the newly commissioned Lekki Deep Sea Port will boost Nigeria’s economy by increasing the volume of trade and attracting more foreign direct investment (FDI) to Nigeria, through the Zone.
Rathi said this while delivering his goodwill message at the official commissioning of Lekki Deep Sea Port by the President, Federal Republic of Nigeria, President Muhammadu Buhari, held 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 most ideal investment destination, given the quality of infrastructure available within the Zone. He noted that the Port would give unparalleled competitive advantages to investors at LFZ in terms of ease of doing business and trade efficiency.
Rathi congratulated the project shareholders, partners, and contractors for their concerted effort in actualizing the project. Heexpressed confidence that the combination of the Port and the Lagos Free Zone would play a major role in boosting Nigeria’s GDP and creating employment opportunities for the people.
“The commissioning of the Lekki Deep Sea Port today by President Muhammadu Buhari marks a significant milestone for the government and the people of the great country Nigeria as this project will greatly impact economic growth and development. Lekki Port and LFZ will evolve together by creating an ecosystem that is the first of its kind in Nigeria.
We express our sincere appreciation to the Federal Government, Lagos State Government, and all the relevant government agencies/parastatals, especially our regulator- Nigerian Export Processing Zones Authority (NEPZA) for their support throughout this entire journey”, he said.
About Lagos Free Zone
Promoted by Singapore-based Tolaram, Lagos Free Zone (LFZ) is Nigeria’s first private free trade zone. Centrally located in Lagos State, the commercial centre of West Africa’s largest economy, LFZ covers an area of 850 hectares.
It is fully equipped with world-class infrastructure and a single clearance window for increased operational efficiency. Lagos Free Zone is the only free zone in Nigeria integrated with the Lekki deep sea port, allowing access to regional and international markets. With a focus on the ease of doing business, Lagos Free Zone is at the forefront of serving your business in Nigeria.