The Singaporean Minister of State for Trade and Industry, Dr Koh Poh Koon, on his visit to Nigeria expressed his interest in the free trade zone as well as port development.
The minister brought a trade delegation from Singapore to understand the market potential, and look for opportunities where they can either invest or set up a business in Nigeria.

According to Koon, the Lekki Free Trade Zone (LFTZ) is something interesting for Singaporean companies to see, and would hopefully lead to greater awareness and excitement for Singaporean companies to explore business opportunities in Nigeria.
The Tolaram Group, an international private consortium and promoters of the LFTZ while talking about the development in the Zone, stated that although more investors are indicating interest in the massive development project, only four industries have commenced operations in the Zone.

The consortium said so far, it has a combined project value investment of about $150 million for the development of the four factories, while it plans to invest more funds as new industries spring up at the facility.
The factories include the TG Arla, manufacturers of Dano Milk; Palm Oil Refinery, producers of Power Oil; Cereals and Kellogg’s Production Company and the Insignia Technology Prints.

In the same light, the Group Managing Director of Tolaram Group, Haresh Aswani, commenting on the $1.2 billion Lekki deep sea port project, stated that 2020 is still in view for its completion.
He said that activities would build up in the next three months, while earth moving equipment would be deplored to site in December.
We are pleased that the minister is visiting at this time because this is when work has actually commenced. So, he’s actually seeing the port project in the Greenfield basis, and we are hoping that in three years’ time when he comes back we would have completed the port project.

The port project has started up, you will see activities building up in the next three months, and by December, and we expect full activities to commence at the site. The port would be completed in three years while the free trade zone is ongoing. We have to keep developing as new investors are coming in,” he added.

With a capacity to handle 2.5million twenty-foot equivalent unit (TEUs) in its first phase of operations, Aswani further said the country’s largest deep sea port when extended to its second stage, would have the capacity to handle 4.5million TEUs.

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That's cool the port going to be completed 2020.

The consortium said so far, it has a combined project value investment of about $150 million for the development of the four factories, while it plans to invest more funds as new industries spring up at the facility.
The factories include the TG Arla, manufacturers of Dano Milk; Palm Oil Refinery, producers of Power Oil; Cereals and Kellogg’s Production Company and the Insignia Technology Prints.

Nice one. Once these laudable projects(Badagry sea port, lekki sea port, dangote refinery, Eko Atlantic city, mono rail, etc) get completed, Lagos will give top economies in Africa serious run.

Tolaram group is one of the richest group in the world and I can't wait for the lekki free trade zone to complete.

Lalasticlala, over to u boss.

wristbangle:
Nice one. Once these laudable projects(Badagry sea port, lekki sea port, dangote refinery, Eko Atlantic city, mono rail, etc) get completed, Lagos will give top economies in Africa serious run.

Lalasticlala, over to u boss.

Makes sense

But that guy dey use style promote him business

MasterChen:


Makes sense

But that guy dey use style promote him business

Lol which business come be that o

Hope no be snake?

wristbangle:


Lol which business come be that o

Hope no be snake?

I meant the OP lol. Jeje.property.

The guy don attach all him info under the post

MasterChen:


I meant the OP lol. Jeje.property.

The guy don attach all him info under the post

Baba will do the needful na. Watch how he will remove those bullshit from his post. We have investment/properties sectio where he can advertised his real estate business

The LFTZ looks very promising.

But again, I'm worried about the concentration of all these key projects in Lagos. Development needs to spread. The state is being choked. Other SW states need to buckle up. I'll keep blaming Mimiko and Amosun for playing politics with OKFTZ. Today, that project is a shadow of itself

Ogun-Guangdong FTZ looked very promising at some point until the management was changed. Everything is back to square one again. Last year, we heard Amosun signed some deals with foreign investors to build pharmaceutical facilities there

Still haven't heard anything since then.

LFTZ, just a plot of Land there and am in money!

Ibadan needs something like this with an inland depot which can be well propelled with the Rail line. OYFTZ can service other SW and M/Belt states.

MasterChen:
The LFTZ looks very promising.

But again, I'm worried about the concentration of all these key projects in Lagos. Development needs to spread. The state is being choked. Other SW states need to buckle up. I'll keep blaming Mimiko and Amosun for playing politics with OKFTZ. Today, that project is a shadow of itself

Ogun-Guangdong FTZ looked very promising at some point until the management was changed. Everything is back to square one again. Last year, we heard Amosun signed some deals with foreign investors.

Still haven't heard anything since then.

U have spoken well bro. Everything in Nigeria are just mere words which attains zero or little percentage to actual development

Modified

wristbangle:


U have spoken well bro. Everything in Nigeria are just mere words which attains zero or little percentage to actual development

The number of fake MOUs wey some governors don sign ehn

I don't get too excited anymore until I see things executed

In the same light, the Group Managing Director of Tolaram Group, Haresh Aswani, commenting on the $1.2 billion Lekki deep sea port project, stated that 2020 is still in view for its completion.
He said that activities would build up in the next three months, while earth moving equipment would be deplored to site in December.
We are pleased that the minister is visiting at this time because this is when work has actually commenced. So, he’s actually seeing the port project in the Greenfield basis, and we are hoping that in three years’ time when he comes back we would have completed the port project.

The port project has started up, you will see activities building up in the next three months, and by December, and we expect full activities to commence at the site. The port would be completed in three years while the free trade zone is ongoing. We have to keep developing as new investors are coming in,” he added.

With a capacity to handle 2.5million twenty-foot equivalent unit (TEUs) in its first phase of operations, Aswani further said the country’s largest deep sea port when extended to its second stage, would have the capacity to handle 4.5million TEUs.

Finally, we are getting somewhere.

Dangote refinery largest single refinery in the world, largest fertilizer plant in Africa, largest petrochemical and gas plant in Africa to be ready by 2019 and the deep seaport by 2020?


Lagos don hammer big time.

wristbangle:


U have spoken well bro. Everything in Nigeria are just mere words which attains zero or little percentage to actual development

Like Dangote refinery right?


I know you are used to fake MOUs and silly internet projects by some useless governors mostly in the SE, but same doesn't apply when it comes to sane, credible and sensible investors and leaders in Lagos state unless you have valid evidence of what they promised, started or abandoned.

deomeelo:



Like Dangote refinery right?


I know you are used to fake MOUs and silly internet projects by some useless governors mostly in the SE, but same doesn't apply when it comes to sane, credible and sensible investors and leaders in Lagos state unless you have valid evidence of what they promised, started or abandoned.

He wasn't alluding to the LFTZ or Lagos in particular. He was talking about Nigeria in general

MasterChen:
*modified

wristbangle

Deomeelo, Let us criticise constructively so we won't be like a governor known for MOU award. I am speaking of Nigeria as a whole. Kudos to LG govt. SW on the increase

MasterChen:


He wasn't alluding to the LFTZ or Lagos in particular. He was talking about Nigeria in general

Thanks for making him understand.

Omofunaab2:



Bro, Work has commenced in regards the Oyo free trade zone. Along the Ibadan end of lagos-ibadan express way

It was shown on channels yesterday...

Oh that's nice. Good development. When would ogun commence it's own?

MasterChen:


Speaking of Ibadan, Ajimobi too scammed us with that Polaris -PaceSetter FTZ nonsense last year

There were people who saw through the scam lol . Foreign Investor wey no get website

http://ibpulse.com/2016/11/a-closer-look-at-oyo-states-free-trade-zone-agreement-with-chinese-firm/

wristbangle

Bro, Work has commenced in regards the Oyo free trade zone. Along the Ibadan end of lagos-ibadan express way

It was shown on channels yesterday...

Omofunaab2:



Bro, Work has commenced in regards the Oyo free trade zone. Along the Ibadan end of lagos-ibadan express way

It was shown on channels yesterday...

Wow! That's nice. Abeg swing me the link on the Ib thread for the other side

=======

MasterChen:


He wasn't alluding to the LFTZ or Lagos in particular. He was talking about Nigeria in general

...but Nigeria in general shouldn't be compared with private investors in Lagos and the LASG, that was my point.

wristbangle:


Deomeelo, Let us criticise constructively so we won't be like a government known for MOU award. I am speaking of Nigeria as a whole. Kudos to LG govt. SW on the increase



Thanks for making him understand.



Oh that's nice. Good development. When would ogun commence it's own?

Last, i heard about Olokola was that akeredolu had a committee set up to look into it. Major investors had already pulled out of the project... . Amosun and Mimiko messed up that project...

https://www.thisdaylive.com/index.php/2017/04/28/kupolokun-heads-committee-on-olokola-free-trade-zone/


Don't really know much about the Ogun-Guandong at igbesa.. . MasterChen go sabi dat one

Be part of the investment and make your future brighter.

now is the time

Be part of the investment and make your future brighter.

Lagos is sprinting ahead while some other states are confused and scratching their heads.

Do you need professional assistance in securing a real estate property and maintaining it? Then look no further consult our professional agents for suitable estate properties here in Lekki and beyond.

Call jeje on +2348063337234, 08115078654
Whatsapp +2348063337234

Wow, minister Singapore trade, this might have been his real reason for visiting Nigeria.

deomeelo:






Finally, we are getting somewhere.

Dangote refinery largest single refinery in the world, largest fertilizer plant in Africa, largest petrochemical and gas plant in Africa to be ready by 2019 and the deep seaport by 2020?


Lagos don hammer big time.

and non is own by them but they will claim 75% by 2025

deomeelo:



Like Dangote refinery right?


I know you are used to fake MOUs and silly internet projects by some useless governors mostly in the SE, but same doesn't apply when it comes to sane, credible and sensible investors and leaders in Lagos state unless you have valid evidence of what they promised, started or abandoned.

that is why they are surprised at what they see in eko atlantic city.some people still believe eko atlantic cityis just on paper.

Be part of the investment and make your future brighter.