Aside other projects such as Refinery and Fertilizer plants being constructed by the Africa richest man Aliko Dangote, estimated at $11 billion, Lagos State Commissioner for Commerce, Industry and Cooperatives, Prince Rotimi Ogunleye, yesterday revealed that fresh investments in the Lekki Free Trade Zone have hit over $4 Billion.

Speaking at the 2017 ministerial press briefing of his ministry, Ogunleye said about $15 billion investments, an equivalent of N4.55 trillion is currently in place in the free trade zone, saying 116 investors have so far registered with LFZ out of which 16 have commenced full operations.
Ogunleye said, “The Lekki Free Zone remains a landmark industrial project for the Lagos State Government. The strategic partnership between the Lagos State Government and the China-Africa Lekki Investment Limited (CALIL) in the Lekki Free Zone Development Company (LFZDC) is a testament to the undying resolve of the state government to ensure sustainable industrialization of the state that would translate to improved job and wealth creation as well as economic growth through the attraction of local and foreign direct investments.

“I am very happy to inform you that 116 investors have so far registered with LFZ out of which 16 have commenced full operations. While some factories are currently under construction, 100 investors have also signified their intention to register and situate their business within the zone.”

According to him, the present government in the state is keen about ensuring the free trade zone works because it holds the key to the country’s quest to diversify its economy.

He explained that the free trade zone project is a testament to the undying resolve of the state government to ensure sustainable industrialisation of the state that would translate to improved jobs and wealth creation as well as economic growth through the attraction of local and foreign direct investments.

Ogunleye added that while some factories are currently under construction, 100 investors have also signified their intention to register and situate their business within the zone.

“During the period under review, the Lagos State Government further released a sum of six hundred and ninety eight million, four hundred and seventy eight thousand, eight hundred and ninety fine naira to the joint ventures as part of the state’ equity contribution. This is part of the effort to ensure the speedy development of the free zone and honour the state’s obligation to counterpart funding of the project.”

The Commissioner listed other efforts by his ministry to ensure that commerce and economic activities in the state are vibrant, saying implementation of the harmonised inspection of industries and support for entrepreneurs is in the offing.

Read more: https://brandspurng.com/investments-in-lekki-free-trade-zone-hits-n4-55-trillion/

Eko onibaje..Smashed eggs on the faces of those who wish her evil. And who else if not NPC (Nairaland Potopoto Congress)

But anyway, that's what they're known for

The three Mighty projects in Lagos/Ogun I'm proud of

1) LFTZ- $14 billion

2) Eko Atlantic City- $6 billion

3) Canaancity, Ota( Africa's largest housing estate of 15,000 housing units)- $1.6 billion

Canaancity's pictures

LionDeLeo:
Hmm.

God bless Governor Akinwumi Ambode
God bless Lagos State.

Meanwhile,

I see Aliko Dangote's name there, but I no see any flatron even though they own 99.97% of investments in Lagos State.

[img]http://4.bp..com/-Ir5DN_7mwzw/UngEwcH7ppI/AAAAAAAAOpg/cTPq2iBdjWg/s1600/ti.gif[/img]

Hmm.

God bless Governor Akinwumi Ambode
God bless Lagos State.

Meanwhile,

I see Aliko Dangote's name there, but I no see any flatron even though they own 99.97% of investments in Lagos State.

n

Nice one, success is not inborn, its achieved.
life is full of countless opportunity that will make a difference in one's life.
That is why I have keen interest in producing great minds in this country

Still not impressive.

The United States is the world’s largest recipient of foreign direct investment (FDI), according to a recent report released by the U.S. Department of Commerce. California, just one State, attracted the most investments of all the states—$119 billion, or 28 percent of the total.

The State of Maharashtrah in India got EUR 9.65 billion of FDI in just the first six months of the last financial year (2016)

$4 Billion accumulated over 15 years is nothing to shout about.

Statsocial:
The three Mighty projects in Lagos/Ogun I'm proud of

1) LFTZ- $14 billion

2) Eko Atlantic City- $6 billion

3) Canaancity, Ota( Africa's largest housing estate of 15,000 housing units)- $1.6 billion

Lalasticlala

Gwarinpa is 28,000

List of investors + source of wealth .....

naiz, how much is land there

GOOD ONE.

A for Money
B for Money
C for Money
.
.
.
Z for Money

Wonderful

Las Gidi for you.

Impressive, keep it up.

richidinho:


Gwarinpa is 28,000

You mean 28,000 houses or 28,000 units of houses?

Lagos is doing great




hope Akwa Ibom learn a thing or two from this

I will forever remain a Lagosian. Enugu would always be home. But, Lagos will remain my place of abode. My residence. I have never even been to Abuja before.

Lagos will explode economically in 10 years time. But the government should make light/energy available. We need regular electricity.

Eko o ni baje

Nice one, 90% of those investment are own by dangote. 10% tinubu. Dangote taking monopoly over the nigerian economy since 18BC

TheLogicalMind:
Still not impressive.

The United States is the world’s largest recipient of foreign direct investment (FDI), according to a recent report released by the U.S. Department of Commerce. California, just one State, attracted the most investments of all the states—$119 billion, or 28 percent of the total.

The State of Maharashtrah in India got EUR 9.65 billion of FDI in just the first six months of the last financial year (2016)

$4 Billion accumulated over 15 years is nothing to shout about.

So, na this one dey give you heartache? Wait till it is completed so that people from your village can come and hawk garden eggs and fan yogo in the Lekki FTZ.

dannytoe:
Nice one, 90% of those investment are own by dangote.

So, 11 Billion out of 15 Billion is 90%?

Good

dannytoe:
Nice one, 90% of those investment are own by dangote.

Gbam

Jetleeee:



[img]http://4.bp..com/-Ir5DN_7mwzw/UngEwcH7ppI/AAAAAAAAOpg/cTPq2iBdjWg/s1600/ti.gif[/img]

Abi you see any name wey describe table top?

You and gif sha.

great

How much is land there