http://lekki.jndz.gov/eng/Lekki_Intro.html

World's largest methanol plant coming to Lagos free zone
Mon, 04 Feb 2008 15:53
TradeInvestNigeria Staff




Viva Methanol Limited, Eurochem Corporation's Nigerian subsidiary, is going to establish the world's biggest methanol plant in the Lagos Free Trade Zone.

According to Mohan Vaswani, Viva Methanol Limited chairman, the plant will produce 10 000 metric tonnes of methanol per day – making it the largest of its kind in the world. With the help of UOP technology, methanol will be converted to high-quality olefins.

The company expects to produce an annual amount of 1.3-million metric tonnes of propylene and ethylene for the production of polyethylene and polypropylene, which are used make plastics, carpeting, and films, amongst other products.

Methanol-to-olefins technology will allow the company to use natural gas, rather than the more expensive crude oil derived feed stock, to produce olefins.

The plant is expected to start with operations in 2012. http://www.tradeinvestnigeria.com/news/855480.htm
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Lekki Free Trade Zone: West Africa's premier business destination
Mon, 08 Dec 2008 13:22



Region
Lagos
Nigeria

Sector
Agriculture and Agri-processing
Clothing and Textiles
Construction and Materials
Electronics
Food and Beverages
Forestry & paper
Manufacturing
Mining & Metals
Oil and Gas
Pharmaceuticals & Health Care
Property
Retail
Tourism & Leisure


Summary:
The Lekki Free Trade Zone in Lagos State is a perfect location for investors interested in agri-processing, clothing and textiles, food and beverages, forestry, mining, pharmaceuticals, retail, housing and tourism. Contact
Mr T.A.B. Disu

Email
infonigeria@gan.co.za




As part of its transformative agenda and desire to harness the investment and business potential of the state, the Lagos State Government has decided to establish the Lekki Free Trade Zone (FTZ).


Goal of the Lekki FTZ

The ultimate goal of this project is to create a new model city and a mega industrial, commercial, financial, tourism and recreational hub – a cutting edge centre for international business collaborations. Construction on the first phase of the project is already underway.


Investment Opportunities

The Lekki FTZ is an ideal location to set-up manufacturing businesses in all sectors. There are openings and access to a plentiful supply of raw materials for investors in fields such as agri-processing, clothing and textiles, food and beverages, forestry, mining and pharmaceuticals.

Opportunities in commerce, retail, housing and tourism also abound. The beaches adjoining Lekki's lagoon and oceanfront are the site of considerable activity already, with a golf course under construction and plans in place for various hotels, beach resorts and private villas. Fitness and spa centres and conference facilities are also planned, with a five-acre mixed development (one, two and three-bedroom apartments) designed to house employees of the various hospitality ventures.


Competitive advantages of the Lekki FTZ


Access to the largest consumer market in Africa with over 500 million potential customers in both Nigeria and surrounding countries

Generating profit to its maximum extent by utilising Nigeria's abundant natural resources such as oil, natural gas, timber, rubber, cocoa, gum arabic, sesame seeds, fruits, etc.

Favourable geographical and ascendant location to the Atlantic Ocean from where to export products to the rest of Africa, the Middle East, Europe and the Americas

Providing a perfect development platform for investors by using the company-orientated operation mode

Modern infrastructure such as an airport and seaport

One stop approval of all permits, operating licenses and incorporation papers
Preferential policies and incentives to investors

100% foreign ownership of investment and joint venture entities allowed in the zone

100% repatriation of capital, profits and dividends out of Nigeria

Import or export licenses not required by enterprises operating in the zone

Customs duty-free and no quota restriction for all imported raw material products, machinery & equipment, consumer goods, as well as any other goods for investment projects in the zone

No strikes and lock-outs permitted in the zone

100% of the finished products manufactured, assembled or produced in the zone can be sold into the Nigerian domestic market

Exemption from all taxes, customs duties and levies from the Federal, Lagos State and Local Governments

No quota on products exported from the Lekki FTZ to the European Union or the United States

Goods manufactured in Nigeria are entitled to preferential tariffs in the EU, as Nigeria is a member country of the Lome convention. http://www.tradeinvestnigeria.com/investment_opportunities/639192.htm

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LEKKI FREE TRADE ZONE


OUR MISSION


The Mission of LFTZ is to develop an offshore economic growth zone, attract foreign investment, promote export, create job opportunities, minimize capital flight and establish a one- stop global business haven.



OUR VISION


To engage directly  in the economic development of Nigeria by providing a choice for investors in the most conducive free zone business environment that will be recognized for setting standards of excellence.



LOCATION

The Lekki Free Trade Zone is located in the south eastern corner of Lagos State around Latitude 6o 35’ North of the equator and Longitude 3o 52’ east of the Green Meridian. It is bordered by the Atlantic Ocean in the south and the Lekki Lagoon in the north. The site is about 60 km from the Lagos Central Business District and about 80km from the Murtala Mohammed International Airport.

The phase being developed is located on the western portion of the southern part of Lekki Peninsula. It extends to the Lekki Coastal Road in the south and stretches to the Lagos Lagoon in the north, all being divided into three parts covering a total area of 30 square kilometers.

The zone has excellent ecological conditions with mangrove wetlands along the shores of the Lekki Lagoon in the north and heavy foliage of abundant tropical vegetation, mangrove swamps palm trees in the central and lower areas. The site still retains its natural ecological features with an abundance of loose sandy soil.

In April, 2006, the Lekki Free Zone development Company (LFZDC) was incorporated in Lagos as the joint venture among CCECC-BEYOND, the Lagos State Government and Lekki Worldwide Investment Limited (LWIL) and registered by the Nigerian Export Processing Zones Authority (NEPZA). LFZDC is the developer, operator and manager of LFTZ, authorized by both the Federal Government of Nigeria and the Lagos State Government.

An important landmark towards actualising the project was the signing of a Memorandum of Understanding (MoU) between the LWIL representing the Lagos State Government and the nine Atlantic coastline settlements of parcel A on 27th November, 2007. This created the much needed platform for a smooth take off of the project by involving members of host communities in the development of the zone.

REFLECTIONS ON MAJOR EVENTS ON LFTZ 2007 - 2008

Ø First clearing contractor moves to site on 12th March, 2007.

Ø Chinese Governor and other delegates visit LFTZ site. LASG/LWIL sign Memorandum of Understanding (MoU) with communities affected by FTZ project at Golden Gate Restaurant on 27th March, 2007.

Ø LFZDC signs agreement with Freeport Estate Ltd. Inauguration of implementation committee of the local Communities affected by LFTZ project at the Civic Centre on 30th August, 2007.

Ø LFTZ featured at an International Trade Fair held in South Africa in September, 2007.

Ø Construction of roads into the Zone commenced in October, 2007. Over 12km of road has so far been opened.

Ø LFTZ featured at the 7th World Conference of Free Zones held at Kualar Lumpur, Malaysia in November, 2007.

Ø His Excellency, the Governor of Lagos State, Barrister Babatunde Raji Fashola (SAN) makes a stop over visit to the Lekki Free Trade Zone site on 10th November, 2007.

Ø Presentation of LFTZ master plan to officials Lagos State Government on 22nd November, 2007.

Ø Memorandum of Understanding (MoU) signed with Communities in Parcel A (Lagoon-side) on 27th November, 2007.

Ø Minister of State for Foreign Affairs, Republic of Singapore, Mr. Zainul Rasheed visits the Viva Methanol Plant on 28th November, 2007.

Ø Honourable Minister for Commerce and Industry Engr. Charles Ugwu visits the LFTZ on 30th November, 2007.

Ø Singaporian investors visits site with Managing Director NEPZA, Mr. Sina Agboluaje on 5th December, 2007.

Ø Mr. Phillip Harris, President of AYR Group, an American based Investment firm visited the Zone and later express his firm’s interest in the LFTZ during a courtesy call on the Governor of Lagos State.

Ø In January 2008, a construction schedule and estimated cost of investment for the start-up phase (3.5sq.km) was prepared.

Ø Delegates to the National Council on Commerce & Industry Meeting led by the Permanent Secretary, Federal Ministry of Commerce and Industry visits LFTZ on 26th March, 2008.



                             LEKKI FREE TRADE ZONE


                             , Unlimited Possibilities     

v Oil & Gas

v Industries

v Offices

v Schools

v Hospitals

v Residence

v Tourism and More



Lekki Worldwide Investment Limited

39 Sirani Adaranijo Street,

Victoria Island

Lagos

Tel: 01 - 2712333-4, 2799140 - 1  http://www.lagosstate.gov.ng/c/portal/layout?p_l_id=PUB.1051.7

I just want us to know what the free trade zone is all about. It's not just like any other trade centre. You can see that the plan in that free trade zone area will make that place to be as developed as Victoria Island (vi) in just about ten years time, and it will be more more beautiful than vi.
This is the reason why you have to be careful buying land there! The Government land is too much. The only places that are not government land are those villages close by and people are dueling on the lands already. So, you buying from those villages, you will need direct connection. You must be connected to one good and trusted villager for you not lost your money. Very few land owners there might be having C of O and what you get when buying land there mostly is just a receipt!
Some people are saying that the price to buy land there is 550k! If you are very rich, you can buy one of those 550k and come and ask me if I can help you to get one plot and I will sell to you for about 800k - 1M. Few days later, we will see which is genuine and which is 419.
If you are intresting in getting land there, please contact beninman via beninman2008@yahoo.com and I will help you search for a genuine land that will give you peace.

You not get nothing to fear if you want to buy land there. I will help you look for a genuine one and you give me small thing after buying. Remeber when Benins are bad, no one is as bad as that bad benin person, and when benin is good, no on as as good as that benin person.

I said you can even get a land there for just a thousand naira (N1,000) only. The only problem there is will that land that you are buying become yours? Or did you just want to give someone money for the sake of wanted to buy land?
What I give is a sure banker!