Suggestions




EU Companies seek Investment, survey Lagos Free Trade Zone

June 18, 2021
by
EuroCham Nigeria
EuroCham Nigeria

The Lagos Free Trade Zone (LFTZ) has received members of the European Business Chambers (EuroCham) who are exploring the facility for investment to expand their businesses in Nigeria and by extension Africa.

Led by the President of EuroCham Mr Adefolu Majekodunmi, the delegation said their visit to the LFTZ was to explore opportunities available to European companies that are looking to simplify their investment and operations in Nigeria.

Join our WhatsApp Channel

The LFTZ, a multiproduct and logistics hub is located in the Ibeju-Lekki area of Lagos state and is well connected by road, sea and air.

Speaking during the visit Adefolu said that European businesses were already showing interest in settling down in Nigeria to do business.

“I expect to see all organisations that are visiting today set up their businesses within the Lagos Free Trade Zone”, Adefolu said. He also said that he hoped the delegates’ experience within the facility had been worthwhile and helped to solidify their decision.

The Managing Director of BASF Operations LFTZ Enterprise, Mr Taiwo Ilesanmi said he was impressed by the Lagos Free Trade Zone team. Commending them, Ilesanmi said they not only acted responsibly throughout the visit but were always around to assist.

There are plans to make the zone into a modern small city leveraging the latest technology. The management of the Lagos Free Trade Zone is currently working with a leading telecom and network solutions provider to connect the entire zone and make it digitally enabled.

+ posts

Kayode Shopekan

Press Release1 Eloïne
Previous Story

AMA founder Eloine Barry emerges deputy Editorial Board chair of Prime Business

Governor of Nigerias Central Bank Godwin Emefiele
Next Story

CBN promises to boost forex supply, assure travellers of access to dollars

Featured Stories

Latest from News

Ford Foundation President Concludes First Official Visit to Nigeria

The President of the Ford Foundation, Heather Gerken, has concluded her first official visit to Nigeria, reaffirming the foundation’s 65-year partnership with the country and its commitment to advancing democracy, human rights and social justice across West Africa. During her visit, Gerken

Kenya to Begin Administering HIV Prevention Drug

Kenya will begin rolling out a new HIV-prevention drug in March, in what health officials have described as a major step forward in the fight against the virus. The drug, lenacapavir, is taken just twice a year and has been shown in
2023 Elections: Governors, Candidates Who Won, Lost At Supreme Court

Ebonyi Governor Eases Curfew After Deadly Attack

The governor of Ebonyi State, Francis Nwifuru, has relaxed a curfew in Amasiri, in Afikpo Local Government Area, following a deadly attack in a neighbouring community. The new curfew now runs from 6pm to 7am, replacing the earlier restriction that kept residents
Press Release1 Eloïne
Previous Story

AMA founder Eloine Barry emerges deputy Editorial Board chair of Prime Business

Governor of Nigerias Central Bank Godwin Emefiele
Next Story

CBN promises to boost forex supply, assure travellers of access to dollars

Don't Miss

Barely 48 Hours After Petrol Price Hike; Food, Transportation Prices Remain Unchanged

48 Hours After Petrol Price Hike: Food, Transport Costs Remain Unchanged

Petrol Price Hike Sparks Concern, but Lagos Transport and Food

Tinubu Establishes Nigeria’s First Tax Ombudsman Office, Appoints Dr. Nwabueze to Lead Fiscal Reforms

President Tinubu has approved the appointment of Dr. John Nwabueze