LFZ Highlights Importance Of Ready-to-Lease Infrastructure

The chief executive officer, Lagos Free Zone (LFZ), Adesuwa Ladoja, has said that the provision of ready-to-lease infrastructure such as the pre-built plug-and-play factories at the LFZ would equally enable investors to avoid the cost of setup and regulatory approvals.

Ladoja disclosed this during a tour of LFZ’s facilities with the management team of BOI located at Ibeju Lekki, Lagos on Friday, July 26, 2024.

She also promised to continue its strategic alliance with the Bank of Industry (BOI) in a bid to drive the development of the Zone. She said with the support of BOI, the Zone would be empowered to build more infrastructure that would motivate prospective clients and manufacturers to invest in the industrial park.

“Right from our early days, BOI has been helping with the establishment of our plants and industries. We are hoping that going forward, they can continue to support us, especially in the area of developing ready-to-lease warehouses and factories,” she said.

In his response, the chief executive officer/managing director, Bank of Industry, Olasupo Olusi stated that the agency has a clear mandate to support businesses or investors that can enhance the industrial transformation of the country, hence the reason for the visit to the Zone.

In his remarks, the group managing director, Tolaram- Africa, Haresh Aswani, who expressed profound appreciation for the visit stated that Tolaram would continue to build and sustain the existing relationship between it and BOI.