…Sanwo-Olu Reaffirms Commitment to Infrastructural Development in the Axis

In line with its vision to be the preferred industrial hub and investment destination in West Africa with world-class infrastructure, the Lagos Free Zone (LFZ) which already has a committed investment of $2 billion is poised to attract an additional $5 billion over the next 4 years.

This was disclosed by the Chief Executive Officer, Lagos Free Zone (LFZ), Mr. Dinesh Rathi at the Corporate Headquarters of the company in Ibeju-Lekki during the official visit of the Executive Governor of Lagos State, Mr. Babajide Sanwo-Olu and his cabinet members to the zone on Friday, March 19, 2020.

Rathi further explained that the zone, which was established in the year 2012 is being promoted by Tolaram Group, a leading conglomerate in Nigeria – who have already attracted about $2 billion committed investment to the Zone currently.



L-R: The Chief Financial Officer, Lagos Free Zone, Mr. Ashish Khemka; the Chief Executive Officer, Dinesh Rathi; the Executive Governor of Lagos State, Babajide SanwoOlu and the Manager, Business Development, Mrs. Chinju Udora during the visit of the Governor to Lagos Free Zone on Friday, March 19, 2021.

On the ease of doing business, he stated that the Lagos Free Zone (LFZ) is simplifying the entry & operations for foreign investors in Nigeria & by extension improving the EODB situation.

Speaking during the visit, the Executive Governor of Lagos, Mr. Babajide Sanwo-Olu lauded the management of the Lagos Free Zone and its promoters – Tolaram Group, for their commitment and investment in the zone which would boost the economy of the state and that of the nation. He praised Lagos Free Zone for being one of very first settlers in the area and for making tremendous improvements and progress, in partnership with other international and local businesses and brands. He also commended the LFZ for making the Nigerian youth part of the development conversation and creating opportunities for empowerment.

Sanwo-Olu noted that with over $2 billion already committed investment in the zone and the forecast of another $5 billion inflow expected within the next 4 years, the Lagos Free Zone is a key driver for the future of the economy of the state.




The Governor pledged that his administration would prioritize the issue of the infrastructural development projects that would act as catalyst to speed up investments in the Zone.

Making a presentation to the Governor and his entourage, the Manager, Business Development & Marketing, Lagos Free Zone, Mrs. Chinju Udora explained that the Zone which is integrated with the Lekki Deep Seaport is strategically located 65KM south-east of Lagos City on 830 Hectares of land and has already generated more than 10,000 direct and indirect jobs with 80,000 more jobs to be generated in the next 10 -15 years within industrial and services sector.

Udora described the zone as a 360 – degree ecosystem that would transform the way of doing business and strengthen Lagos’ position as the commercial nerve centre of West Africa. She stated that the zone will comprise of 70% Industrial; 20% Logistics and Support Services and 10% real estate to create a LIVE, WORK and PLAY environment in line with international best practices

sarrki:
Lagos is naturally blessed with Lateef Kayode haka de (LKJ )


Asiwaju bola Ahmed tinubu (BAT)


Babatunde raji Fashola (BRF)

Akinwunmi Ambode

Babajide sanwo olu (sanwo eko)

The architect is Bola tinubu

He laid the foundation for new Lagos

Built the lekki from trash to what it is today

Judiciary reform headed by prof yemi osinbajo then

Works by raufu aregbesola

Fashola Manning chief of staff

Tinubu is a great guy
Thank you for moving Lagos home to those that there Governors are sleeping

Lagos will not be destroyed by the envious people

Eko onibaje

sarrki:
Lagos is naturally blessed with Lateef Kayode haka de (LKJ )


Asiwaju bola Ahmed tinubu (BAT)


Babatunde raji Fashola (BRF)

Akinwunmi Ambode

Babajide sanwo olu (sanwo eko)

The architect is Bola tinubu

He laid the foundation for new Lagos

Built the lekki from trash to what it is today

Judiciary reform headed by prof yemi osinbajo then

Works by raufu aregbesola

Fashola Manning chief of staff

Tinubu is a great guy
Thank you for moving Lagos home to those that there Governors are sleeping

Lagos will not be destroyed by the envious people

Eko onibaje

SuperBold:
Our igbo Governors are still sleeping God why are igbo Governors like this now

Ikpeazu
Obiano
Hopeless Uzodumbass
Ifeanyi (so useless I don't remember his name)
Umahi (better than the others)

It is time for igbo LEADERS TO DO SOMETHING!

plaindealer:


Just imagine governor after governor just dey do continuity by multiplying billions of dollars of investment in one single zone and state.

When full operations start from the Dangote refinery petrochemical and fertilizer complex to the deep seaport, I see Lagos moving from the 5th largest economy in Africa to the 2nd after Nigeria itself.

From Tinubu to Sanwo Olu, I think Lagosians have some kind of factory where they manufacture good and sensible leaders.

Karlovych:
Lagos State was built by the resources of the Niger-delta and other hardworking people from the east. It's a pity that the drug addict and owo mi da urchins have turned the city into a crime-ridden place.

Badorey6:


Only God know why people with the oil money are so poor and undeveloped compared to Lagos.

Last time I heard, all the drop of oil in the SE is not up to 3 cups so I’m surprised how you would say their resources built Lagos.

Or you mean the gala hawking and 2by 2 shops?

Vaughanlanrewaj:


Let us even pretend like him that Lagos itself is not an oil producing state
As we type here, the top oil producing states in Nigeria have the highest unemployment.
These states are Rivers, Akwa Ibom, Delta and Imo.

The strength of Lagos is leadership and an uncommon desire to make sure that our city works and excel.
We also pray to God and bless our city every morning. It is what I grew up hearing daily as prayers on the lips of adults and even at school then.
If you don't bless your land, you are cursing it, don't turn round to blame anyone if your state is cursed. You are the one bringing curses on your state.
Lagos I bless you this morning again. May our city continue to grow in leaps and bounds and may those who bless Lagos be blessed and those who curse Lagos turn away from their wicked ways or be cursed if they persist.
On Asiwaju Tinubu I stand.

warripekin:
my worry is the traffic congestion by the time these companies will come into full operation. Apart from Dangote refinery, a plethora of other companies are springing up within the lekki epe axis .Good development all the same.

sarrki:
Lagos is naturally blessed with Lateef Kayode haka de (LKJ )


Asiwaju bola Ahmed tinubu (BAT)


Babatunde raji Fashola (BRF)

Akinwunmi Ambode

Babajide sanwo olu (sanwo eko)

The architect is Bola tinubu

He laid the foundation for new Lagos

Built the lekki from trash to what it is today

Judiciary reform headed by prof yemi osinbajo then

Works by raufu aregbesola

Fashola Manning chief of staff

Tinubu is a great guy
Thank you for moving Lagos home to those that there Governors are sleeping

Lagos will not be destroyed by the envious people

Eko onibaje

Karlovych:
Lagos State was built by the resources of the Niger-delta and other hardworking people from the east. It's a pity that the drug addict and owo mi da urchins have turned the city into a crime-ridden place.

Odua1stson:
Children of 8 and perdition will start running to this thread to wail as usual, they always claim they develop lagaos but their red mud land is ravaged by erosion, their region is barren and also poverty stricken.
Those people keep hating yoruba but yoruba keeps moving forward while those ndi potopoto keeps moving backward
May God continu to bless yoruba land and destroy the yoruba haters

warripekin:
my worry is the traffic congestion by the time these companies will come into full operation. Apart from Dangote refinery, a plethora of other companies are springing up within the lekki epe axis .Good development all the same.

Badorey6:

Eko baje ti.

GreaterFuture:
Is the freetrade zone the way they are making it seem? Westin my mind dey tell me, only time would tell

SuperBold:
Our igbo Governors are still sleeping God why are igbo Governors like this now

Ikpeazu
Obiano
Hopeless Uzodumbass
Ifeanyi (so useless I don't remember his name)
Umahi (better than the others)

It is time for igbo LEADERS TO DO SOMETHING!