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Let me wowww your mind about a little of the on-going development in the Ibeju - Lekki Axis (The New Lagos)

Lekki Free Zone was initiated by the Government of Asiwaju Ahmed Bola Tinubu in 2003 with a land area of 1000 hectares allocated for the project which was later increased to 3000 hectares on registration with the Nigerian Export Processing Zone Authority (NEPZA). However, realizing the relative advantage of a Free Zone in Lagos above other parts of the nation, the vision was expanded to building a model city devoid of stress and accompanying social vices and the land area was increased to 16,500 hectares.


SUMMARY OF LEKKI FREE TRADE ZONE PROJECT

A. A preferential policy hi-tech industrial sector, targeted to create a minimum of 2 million jobs and high efficiency services in:

1. Oil and Gas
2. Petrochemicals
3. Electronics
4. Mechanical - Light and Heavy equipment, machinery and automobiles
5. Pharmaceuticals
6. Textiles
7. Shopping, Warehousing and Transportation
8. Banking and Financial Centre including Insurance services


B. A high-grade residential Zone with first class environment due to the envisioned economic strength of the Lekki Free Zone, comprising of:

1. High Class residential apartment and villas for investors and employees
2. Shopping Malls & Plazas
3. Specialist Hospitals and Clinics
4. Schools and Research & Development Centres
5. Hotels, Tour & Recreational Centres including Sandy Beach Gardens and bathing, Golf Coures, Gyms and Water Sports sector, all in harmony with environment and nature's green

COMPETITIVE ADVANTAGES OF LFTZ

1. LFTZ is located on the southern coast of Nigeria and connected to the major international waterways via the Atlantic Ocean and the Gulf of Guinea.
2. LFTZ is located on the southern coast of Nigeria and connected to the major international waterways via the Atlantic Ocean and the Gulf of Guinea.
3. Access to the largest consumer market in Africa, with over 500 million potential customers.
4. Access to abundant natural resources such as Oil, Natural gas, Timber, Rubber, Cocoa, Arabic gum and Sesame seed to name but a few.
5. Favourable geographical location and ascendant location to other parts of Africa, Europe, Middle East and the Americas.
6. It has availability of skilled and semi-skilled man power.
7. The social situation of LFTZ with its natural ecosystem, unpolluted green lands and ecological lakes and lagoon which together make it ideal for a modern, yet serene city.


Facts about Lekki Free Zone (LFZ)

Lekki Free Zone (LFZ) comprises 16,500 hectares to the southeast of the city of Lagos, two peninsulas of infinite opportunities bounded by the Lekki lagoon and the Atlantic Ocean. The free zone was launched in 2004 as a vehicle to fully utilize the investment and tourism potential of Lagos.

Lekki is a new city under development that will operate in accordance to best international practices. It is also one of the fastest developing urban areas with an annual economic growth of 16.8%. The Lekki free zone is a multi-use facility with zones for oil and gas, industry, manufacturing, business & financial, media centres, commercial, real estate, recreation and tourism.

The proposed land use master plan for the LFZ subdivides the area into four main quadrants each having its own land use and consequently its own theme. Based on the proposed land use plan, LFZ will be divided into 4 main Quadrants:

South West Quadrant (SW) - General mixed industries, including light and medium engineering with a large part dedicated for logistics and distribution, potentially serving both the international and national markets. In addition a new special residential area is proposed to the north of the industrial zone, with both low and high-density housing, largely intended for as a leisure and residential resort with tourist facilities

South East Quadrant (SE) - petro chemical related industries and port facilities, if approved a methanol plant will be located in this area

North West Quadrant (NW) - general mixed industrial area, including medium and light industrial uses as well as heavy uses. Housing for the workers in the Free Zone area will be provided within this quadrant where residential areas of different densities and house types would be provided to the north and south of the main industrial zones.

North East Quadrant (NE) - mixed-use urban area as a new waterside town providing a range of employment, commercial, residential, community and recreational uses. It will complement the role of the other three quadrants and act as the city, administrative, business and residential centre for the whole of the FTZ.