Investors have the opportunity to establish and invest in manufacturing industries in the Lekki Free Trade Zone (FTZ), situated in Lagos State.
The idea behind the Lekki FTZ is to create a new model city. It is located on the Lekki Peninsula, south-east of the city of Lagos. The zone will feature its own power plant, deep sea port, housing, recreational facilities, etc. Phase one of the project was completed in May 2008.
One of the reasons why the Lekki FTZ has been introduced is to attract foreign direct investment in industries such as textiles, household equipment, electronics and food and beverages. Investors are therefore invited to consider the possibilities.
Reasons to invest in the Lekki FTZ
Market: Situated close to the Lagos metropolis, the Lekki FTZ provides companies with easy access to Lagos' population of 18 million people and Nigeria's total population of close to 150 million. The FTZ is also ideally located to export to the US and European markets.
Incentives: All goods going into the FTZ will be free from duty and investors don't have to pay taxes. Companies can be 100% foreign owned, foreign exchange controls do not apply and investors will be able to easily move their capital and profits overseas.
Raw materials: Lagos is rich in raw materials. Examples of industrial opportunities in the beneficiation of some of the raw materials include:
Contact details: Investors interested in any of the above opportunities should contact:
Lekki Worldwide Investments Limited
Contact: Mr T.A.B. Disu - Managing Director
Email: infonigeria@gan.co.za
