• July 28, 2021

European Business Chamber Considers Investing In Lagos Free Zone


=== (AGENDAWATCHDOG) === There are plans by the European Business Chambers to invest in Nigeria, through the Lagos Free Zone.

This was disclosed via an official statement from the LFTZ, EuroCham’s President, Adefolu Majekodunmi, while on a visit to the zone recently.

According to Majekodunmi, the visit was done to see the opportunities for European companies and to simplify their investments and operations in Nigeria.

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EuroCham is the organisation that represents the interests of top European companies in the country. Its delegation comprising of C-suite executives expressed their delight with the progress made by the LFTZ on infrastructure, its plans and the focus on improving the Ease of Doing Business for its investors.

LFTZ’s Chief Executive Officer, Dinesh Rathi described the zone as the next frontier and the best investment destination not only in Nigeria but also in the entire West African sub-region. Rathi mentioned that phase one of the LFTZ would be completed by 2022, which he said would be marked by the commissioning of the Lekki Deep Sea Port.

Giving a testimonial on the competitive advantage of Lagos Free Zone, Mr Taiwo Ilesanmi, the Managing BASF Operations LFTZ Enterprise was quoted as saying that their experience had been impressive in the last two years of the company’s operations in the zone.


Agenda Watchdog

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