The owner of Lagos Free Zone, the first privately-owned special economic zone in Nigeria with an integrated deep sea port, has said Nigeria has immense potential for growth.
Located 65kms east of Lagos, in the immediate vicinity of upcoming Lekki Deep Sea Port, the LFZ aims to enhance the ease of doing business in Nigeria.
Developed by the Singapore-based Tolaram Group, the LFZ reflects their more than four decades of commitment to doing business in Nigeria, according to, General Manager, Strategic Marketing, Lagos Free Zone, Tejaswi Avasarala, who was speaking ahead of the sixth annual West Africa Property Investment Virtual Summit taking place this week.
Regarded as the only premier regional real estate investment and development conference that provides access to more than 600 local and international decision makers, this year’s summit will provide attendees with unique content, networking opportunities and a platform to showcase projects and services to an international audience.
With currently more than 15 operational entities, the 830-hectare LFZ site will eventually host more than 100 businesses and provide more than 50,000 residents with a place to live, work and play, and will offer real estate investors and developers with appealing prospects.
“We are convinced that Nigeria bears immense growth opportunity and will continue to be a formidable growth engine amongst the emerging market economies. While there are some challenges that are typical of emerging markets, the government has taken steps in the right direction that have resulted in tangible improvement in the ease of doing business in the country over the past 5 years,” said Tejaswi.
