Lagos Free Zone Tops Investment Destination For Nordic Businesses – CEO

The Chief Executive Officer of Lagos Free Zone (LFZ), Adesuwa Ladoja, has reaffirmed the Zone’s position as the best investment destination for Nordic companies seeking to do business in Nigeria.

Ladoja remarked during the Nordic Nigeria Connect 2025 event held in Lagos recently.

Speaking at a panel discussion, the LFZ CEO highlighted the Zone’s unique advantages, noting that it provides predictability and organisation for investors compared to other business environments often hampered by infrastructural and regulatory challenges.

“For Nordic companies that see Nigeria as a potential hub for business, Lagos Free Zone remains the ideal destination as it offers the right infrastructure, enabling environment, and logistics capacity needed to thrive,” she said.

She explained that the Zone is strategically positioned with integrated facilities, including a deep-sea port equipped with modern infrastructure to support import and export operations. According to her, the presence of access roads, the ongoing coastal road project, and future rail connectivity will further ease logistics for businesses operating within the Zone.

“From a regulatory perspective, we are creating a single-window platform where all relevant regulators needed to do business are concentrated within the Zone,” she added.

Ladoja commended the Federal Government’s recent economic reforms, particularly the removal of fuel subsidies and the unification of the exchange rate, noting that they have restored transparency and predictability to the investment climate.

She said the reforms have contributed to currency stability, lower interest rates, and declining inflation over the past year, creating renewed optimism for private sector growth.

Other panellists at the event included Frederik Klinke, the CEO of APM Terminals Nigeria; Ijeoma Ozulumba, the executive director and chief financial officer of the Development Bank of Nigeria; Naana Winful Fynn, the regional director, West Africa, Norfund; and Yerje Osmunden, the CEO of Empower New Energy.