In a groundbreaking move, the Lagos Free Zone (LFZ), the first privately-owned zone in Nigeria, is poised to attract increased foreign direct investments from the United States.
The surge is attributed to the zone’s exceptional infrastructure and a plethora of incentives, including its integration with the Lekki Deep Sea Port. The United States Consul General, William Stevens, leading a delegation from the United States Consulate General, expressed optimism following a comprehensive tour of companies and facilities in the zone. Stevens lauded the impressive and outstanding business relationship between Tolaram and US companies.
According to him, through the opportunities at the LFZ, investors from the United States have deepened penetration in the Nigerian market by introducing world-class goods and services to the country.
He noted that the influx of investments from U.S. companies would not only fortify the economic ties between Nigeria and the superpower but also underscore the unique incentives offered by the LFZ for U.S. companies looking to establish a robust presence in the Nigerian market.
“It is amazing to see the partnership between Tolaram and U.S. companies and the opportunities therein. We are constantly looking at how we can attract more American companies to this market both in terms of investment and trade,” he said.
Chief Executive Officer of LFZ, Dinesh Rathi, echoed the sentiment, emphasizing that the zone remains the preferred investment destination, showcasing world-class infrastructure and enticing incentives for potential investors.
