₦airaland Forum

Managing Director, Lekki Free Zone (LFZ), Bolatito Ajibode has said about $5 billion has been generated as revenue through the zone, with investment ranging from infrastructure to industries and raw materials.

Ajibode disclosed this during a media tour organized by the Nigeria Export Processing Zone Authority NEPZA in Lagos, stating that In terms of revenue to the government, the zone remits pay as you earn tax to the state government, with 3,200 workers coming to the zone each day to earn a living, which is a significant employment opportunities created by the Lekki zones.

According to the MD, “The zone is the largest trade zone with a land area of 3,000 hectares, it currently has 60 enterprises in operation and an additional 30 under construction across various sectors, including manufacturing, real estate, logistics, recreation, and oil and gas.

“The first challenge in that area is the road infrastructure from Lekki to Eleko junction, which has been handled by the Dangote Group and will be completed soon. Another challenge is the devaluation of the naira. We currently sell in dollars, and it has been a bit of a challenge for investors, whether coming in or going out, especially Nigerian investors who buy our lands.

“We have different options for large-scale manufacturers and small retailers, but it’s people who have deep pockets that can come in. Nigerian investors struggle to cough out the money, which is why we have more foreigners here, like 20 to 80 per cent foreigners around the zones.

The Managing Director NEPZA, Olufemi Ogunyemi had earlier disclosed that Nigeria’s free zones, numbering 46 licensed zones in 2022, have provided 38,429 direct employment jobs and an additional 172,930 indirect jobs towards the end of 2023, so far free zones in the country have created an enabling environment aimed at enhancing economic growth and development of export-oriented manufacturing in the non-oil sector of the economy.

yoruboid:
Yorubaland is moving forward, no time

This is a visionary project and the brainchild of President Bola Ahmed Tinubu

Can anyone show me one thing the Agulu clown envisioned that is benefiting the people of his state today?

yoruboid:
https://thenationonlineng.net/lekki-free-zones-turnover-hits-5b/

yoruboid:
https://thenationonlineng.net/lekki-free-zones-turnover-hits-5b/

FreeStuffsNG:
Awesome!! That's just a single business entity in Lagos o.
Gradually, we are getting there. Thumbs up to everyone who made this a reality and our appreciation goes to the visioneer of this, Asiwaju Bola Ahmed Tinubu. May God continue to bless you sir.

This is the best time to invest in Lagos. Bring your legitimate and patriotic investments to Lagos to enjoy the greatest ever return on investment and the best investment-friendly environment in Nigeria and Africa.

May God continue to bless Nigeria for ever! Check my signature for free stuffs!

eluquenson:
REVISITING SOME OF THE LATEEF JAKANDE'S GOVERNMENT ACHIEVEMENTS FROM OCTOBER 1979 TO DECEMBER 1983 (FOUR YEARS AND 3 MONTHS) IN LAGOS STATE

* His government built the current Lagos State Secretariat which houses all the state ministries as well as the popular round house hitherto occupied by all subsequent governors of the state.

* His government built the Lagos State House of Assembly complex.

* His government built the Lagos State Television

* His government built the Lagos Radio

* His government built Lagos State University

* His government established General Hospital in zones all over the state with assurance of free health care.

* His government established Teacher Training College and the College of Education.

* His government built low cost houses in Ijaiye, Dolphin, Oke-Afa, Ije, Abesan, Iponri, Ipaja, Abule Nla, Epe, Amuwo-Odofin, Anikantamo, Surulere, Iba, Ikorodu, Badagry, Isheri/Olowu, Orisigun etc.

* His government established the Water Management Board and Waste Disposal Board on the 18th of August, 1980.

* His government constructed the Adiyan Water Works to increase water supply in the state to 18.16 million litres per day.

* His government modernized and expanded the Iju Water Works which was first commissioned in 1915. This increased daily capacity from 159 million to 204 million litres per day.

* His government purchased and commissioned the giant car crusher equipment. The equipment was designed specifically to crush derelict vehicles in Lagos State. It had the capacity to crush 45 vehicles per day.

* His government constructed, rehabilitated and resurfaced Epe/Ijebu-Ode Road, Oba Akran Avenue, Toyin Street, Town Planning Way, Alimosho-Idimu-Egbe Road, Idimu-Iba-LASU Road, the new secretariat road and several others.

* His government constructed Victoria Island/Epe Road and thereby creating an ‘oil rig’ for Lagos State.

* His government established Asphalt Plant for the Department of Public Works.

* His government established Electricity Board for Rural Electrification with provision of street lights.

* His government modernized, expanded and commissioned Onikan Stadium in 1982.

* His government established a singular school system and ensured genuine free education in Lagos State and the beneficiaries of this policy are in different positions of eminence in the country and around the world.

* His government raised the primary schools in Lagos State to 812 with 533,001 pupils (against 605 primary schools with 434,545 pupils he met in 1979) and secondary schools to 223 with 167,629 students (against 105 schools with 107,835 students in 1979).

* His government constructed 11, 729 classrooms with the maximum of 40 children per class between March and August 1980, by 1983, he had constructed over 22,000 classrooms.

* In July 1983, two commercial passenger boats christened "Baba Kekere and Itafaji" to run the Mile 2 - Marina (CMS) route via the lagoons were inaugurated by his government to mark the official launch of the Lagos State ferry services.

* His government took over the ownership and financing of Lagos State Printing Corporation in July 1980

* His government established the first State Traffic Management Authority (Road Marshals).

* His government established small scale Industries Credit Scheme which preceded the EKO bank.

*His government established LASACO Insurance.

*His government expanded existing market and built new ones.

*His government established Traditional Medicine Board.

WHO SAYS 4 YEARS IN OFFICE IS NOT ENOUGH FOR MEANINGFUL ACHIEVEMENTS?

IT'S A FACT THAT 90% OF GOVERNORS IN NIGERIA SINCE 1999 WITH REVENUES AT THEIR DISPOSAL CANNOT BOAST OF A QUARTER OF THESE ACHIEVEMENTS EVEN WITHIN THEIR EIGHT YEARS IN OFFICE.

dogo568:
Lagos is smelling.

yoruboid:
Yorubaland is moving forward, no time

This is a visionary project and the brainchild of President Bola Ahmed Tinubu, just like Eko Atlantic which has not only protected the shoreline of Victoria Island but has become a sprawling city with over 10 highrises completed and over 15 projects currently under construction (including the biggest USA embassy in the world)

Can anyone show me one thing the Agulu clown envisioned that is benefiting the people of his state today?

yoruboid:
Not as badly as Awka, Aba, Umuahia and Enugu

Check for yourself

https://www.iqair.com/nigeria?srsltid=AfmBOopwADNAMT1EBgqoRJY971SMD-nPVHktwzx7dYDe20sJoP2BvY3B

FreeStuffsNG:
Awesome!! That's just a single business entity in Lagos o.
Gradually, we are getting there. Thumbs up to everyone who made this a reality and our appreciation goes to the visioneer of this, Asiwaju Bola Ahmed Tinubu. May God continue to bless you sir.

This is the best time to invest in Lagos. Bring your legitimate and patriotic investments to Lagos to enjoy the greatest ever return on investment and the best investment-friendly environment in Nigeria and Africa.

May God continue to bless Nigeria for ever! Check my signature for free stuffs!

anonimi:
Awesome propaganda lies since 1999 used to prop up T-Pain lootocratic master plan.

A master plan for squeezing money out of the masses and failing to do anything for them, like Jakande did in just four years.