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Investors-Hub: Lekki Free Trade Zone’ The New Lagos Initiated with the President’s approval in 2002, the Lekki Free Trade Zone is the first private owned free trade zone in Nigeria. Designed to serve as an integrated hub with active road, rail and sea links, the Lekki Free Trade Zone is set to open up the investment, business and tourism potential of Nigeria to the world.


Nigeria’s first private owned free trade zone, the Lekki Free Trade Zone represents the rapidly increasing economic opportunities within West Africa. With its well-planned development and promotion, the Lekki Free Trade Zone is an investment platform riding on the advantages of strategic location, sound infrastructure, natural resources and attractive incentives.

Investors-Hub: What Is A Free Trade Zone?

A Free Trade Zone is an area set aside for special economic activities. It is where a good may be landed, handled, manufactured or reconfigured, stored, and re-exported without intervention as regard to customs duties. This means it is that place in where trade activities can be carried out without delays from customs authorities.

However, only goods that are moved out of the Free-trade zone are subjected to customs duties. The Free-trade zones are usually built around major international airports, seaports or areas with geographical trade advantage. The goal is to eradicate the hindrances to trade caused by complex regulations and high tariffs from the seaport, airport or other borders.



Investors-Hub: Things To Know About Lekki Free Trade Zone

Lekki Free Trade Zone is set to cover about 155 square kilometres. The LFTZ is located in the Ibeju Lekki axis of Lagos. This part of Lagos is under the Ibeju Lekki Local Government Area, which is at the southeast of the Lagos map. The Lekki Free Trade Zone is considered to be six times the size of Victoria Island.

As mentioned earlier, it is one of the numerous projects that are set to change the face of Lagos. It is considered a game changer as it will make Lagos the destination place for commerce. What the Lekki Free Trade Zone will offer is a diverse market for both investors and businesses. The importance of the Free-trade will no doubt make it a landmark in the future of Lagos and Nigeria as a whole.

Lekki Free Trade Zone when complete is expected to accommodate a total of 120,000 people for residential purposes. Another thing that is glaring from the Lekki Free Trade Zone map is that it is divided into two – south and north. The north is mainly for residential purposes and the south is for commercial purposes.

However, from the master plan of the LFTZ, it is characterized by two centres, two axes, three districts, multiple nodes, and axial penetration.

Investors-Hub: The Benefits

Natural Resource:

Abundant natural resources such as oil, natural gas, timber, rubber, cocoa, Arabic gum, sesame seeds and fruits from the region
Affordable labour cost and human resources

Infrastructure:

Integrated world-class sea port, extensive road & rail networks and access to modern international airport
Well-planned industrial zones
Location

Proximity to the heart of Nigeria’s financial & commerial hub of Lagos
Access to regional emerging markets with over 500 million potential customers
Juncture of international shipping and air routes
Incentives

100% tax and customs exemptions
Waiver on licenses and expatriate quota
Provision for expatriation of profits and dividends


Investors-Hub: Lekki Free Trade Zone Influence on Real Estate

The Lekki Free Trade Zone is expected to have a considerable amount of influence on the real estate industry in the country. It is definitely expected for a project of its size. The big question is, what does this mean to the real estate industry? What does it mean to the Ibeju Lekki area of Lagos state?

No matter how you choose to view it, the LFTZ will influence the real estate industry and properties in the area. That is, the Ibeju Lekki area of Lagos is fast becoming one of the hot spots for investment in the state. This is already the case even though the Lekki Free Trade Zone is yet completed.

Since the future of the area is promising, it is not surprising to see lands for sale in Ibeju Lekki and its environs. Also, due to the number of opportunities that the area poses, it is one of the go-to places for residential purpose. Living close to a business paradise is definitely not a bad idea for the future.

It is one of the reasons why people are investing in houses for sale in Ibeju Lekki. EIther you are investing in land or properties (commercial or residential), you will definitely double your investment when the project is completed. The influence of the Lekki Free Trade Zone can only be positive as real estate properties will definitely appreciate.

There are also several other numbers of real estate attractions that will skyrocket when the Lekki Free Trade Zone is complete. Some of them include; Amen Estate Phase 2, Greenfield Court, Bridgeville Courts, The Peninsula Homes 2, The Peninsula Homes, Royalty Garden among others.

RoyalFlex-Estate Akodo Ise Offers Classic and Conducive Apartments

Lakewood-Manor Estate Luxury Beyond Limits Invest Now

Orangeville-Estate A Landwey Investment Limited Project

Lakeshore-Gardens Genuine Title At 150% Return On Investment

Amen Estate Ibeju Lekki Lagos: Cost And Things To Do

Lekki Free Trade Zone, like the Eko Atlantic, are major examples of the projects the state is embarking on. These are some of the infrastructures in which the idea of Lagos smart city will be built on. Considering the number of investors on these projects and the expected job provisions, they are the kind of project that will put Lagos on the global map.


Hub for Investors

Lekki Free Trade Zone is definitely one project that you will expect to get lots of investors. The Free-trade zone area is south of the Atlantic Ocean and north to the Lekki Lagoon. It’s easy to access makes it an ideal place for business. With over 200 million people from the West African market and about 600 million from both US and European market, investors are definitely abound.

The strategic location of the LFTZ is what makes it the perfect destination. It is positioned in such a way that it is open to all forms of transportation – land, air, and water. For investors who intend to not only do business in Nigeria, it opens them to all of Africa and the world. Investment in Lekki Free Zone will earn Nigeria N8trn annually-Dangote

Despite still being under construction, it is fast attracting both local and foreign investors. The Lekki Free Trade Zone is soon home to the largest oil refinery in Africa, that is being constructed by Dangote Industries Limited. The refinery is set to be the largest single line refinery in the world with a processing capacity of 650,000 barrels of oil per day. While the gas pipeline project is set to supply over 3 cubic feet of gas daily with uninterrupted power supply.


I have asked people to position their money where there is more money.

For those who listened and have invested in Ibeju Lekki, be at peace for you have earned yourself a money bag.

For questions about Lekki Free Trade Zone, book inspection –
Contact Us info@9jarealestate.com 0r watsapp 08141873846

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