Lagos Free Zone, the first privately-owned free zone in Nigeria, has said it is positioned to support German businesses with their growth journey in Nigeria and across the West African region.
The chief executive officer, Lagos Free Zone, Adesuwa Ladoja, disclosed this while delivering her goodwill message at the 11th edition of the German Nigerian Business Forum (GNBF) titled: “Building Effective Partnership for Successful Business Development” held in Lagos recently.
Mrs. Ladoja stated that Lagos Free Zone provides a comprehensive ecosystem for businesses to maximise opportunities with minimal risk. According to her, it remains the only free zone in Nigeria that is integrated with a deep sea port and equipped with world-class infrastructure and facilities that can help businesses thrive.
Acknowledging the fact that LFZ remains a strategic partner committed to the prosperity of German businesses in Nigeria going by the trade volume between the two countries estimated at $3 billion in 2023, she cited a classic example of the fruits of this long-standing relationship in BASF whose investment at Lagos Free Zone demonstrates how companies can leverage the ecosystem for strategic growth.
“By establishing operations in the Free Zone, BASF enhances its competitive edge while aligning perfectly with Nigeria’s ambitions for industrialisation and economic diversification,” she said.
She went on to encourage prospective investors to see Nigeria not merely as a market, but as a strategic launch pad for their next phase of growth.
Describing Tolaram, Lagos Free Zone’s parent company, as one of the early movers in Nigeria, the CEO of Lagos Free Zone explained that the conglomerate has unlocked a lot of growth opportunities in Nigeria’s manufacturing and infrastructure sectors with twenty successful consumer brands and two transformational infrastructure projects already in place.
