Indian High Commissioner and EU Ambassador pledge support to attract FDI to Lagos Free Zone
The Indian High Commissioner to Nigeria, Shri G. Balasubramanian, and the European Union Ambassador to Nigeria and to ECOWAS, Ms. Samuela Isopi, pledged their support to boost foreign direct investment in the Lagos Free Zone (LFZ). They both made this known during an official visit to Lagos Free Zone in Lagos on Friday, January 20, 2023.
His Excellency, Shri G. Balasubramanian, expressed satisfaction with the quality of infrastructure and investments in the Zone. He said the zone has the potential to change Nigeria's economic landscape by attracting more foreign direct investment. He is committed to sharing the message of the unique opportunities available in the Zone with Indian companies in Nigeria and abroad.
"The Zone offers investors a unique opportunity, especially in mat of tax benefits and exemptions. Nigeria is the giant of Africa, and there is a great opportunity to be explored in the Zone. Lekki Port alone is a fantastic facility that will change the way business is done in Nigeria. Of course, this will attract a large number of companies and a large number of containers to handle,” he said.
Furthermore, during the visit, the European Union Ambassador to Nigeria and ECOWAS, Ms. Samuela Isopi, commended Tolaram - the promoters of the Lagos Free Zone, for the incredible achievements recorded so far. 'now. She explained that the integration of Lekki Port into the zone remains the biggest game changer for the Nigerian economy and the West African region. According to her, LFZ is an economic hub that would significantly contribute to advancing regional integration by promoting bilateral trade between Nigeria and other countries in the ECOWAS sub-region.
"We are impressed with the vision and concept we have seen here. We are happy that foreign investors can now find a one-stop shop where everything they need in terms of transformation, energy autonomy and skills is available. In addition, they are now open to certain incentives, such as tax exemptions, that would enable them to succeed. Also, we are happy to now have Lekki Port which would help decongest existing ports and promote trade between ECOWAS countries On this, we are very optimistic...
The Indian High Commissioner to Nigeria, Shri G. Balasubramanian, and the European Union Ambassador to Nigeria and to ECOWAS, Ms. Samuela Isopi, pledged their support to boost foreign direct investment in the Lagos Free Zone (LFZ). They both made this known during an official visit to Lagos Free Zone in Lagos on Friday, January 20, 2023.
His Excellency, Shri G. Balasubramanian, expressed satisfaction with the quality of infrastructure and investments in the Zone. He said the zone has the potential to change Nigeria's economic landscape by attracting more foreign direct investment. He is committed to sharing the message of the unique opportunities available in the Zone with Indian companies in Nigeria and abroad.
"The Zone offers investors a unique opportunity, especially in mat of tax benefits and exemptions. Nigeria is the giant of Africa, and there is a great opportunity to be explored in the Zone. Lekki Port alone is a fantastic facility that will change the way business is done in Nigeria. Of course, this will attract a large number of companies and a large number of containers to handle,” he said.
Furthermore, during the visit, the European Union Ambassador to Nigeria and ECOWAS, Ms. Samuela Isopi, commended Tolaram - the promoters of the Lagos Free Zone, for the incredible achievements recorded so far. 'now. She explained that the integration of Lekki Port into the zone remains the biggest game changer for the Nigerian economy and the West African region. According to her, LFZ is an economic hub that would significantly contribute to advancing regional integration by promoting bilateral trade between Nigeria and other countries in the ECOWAS sub-region.
"We are impressed with the vision and concept we have seen here. We are happy that foreign investors can now find a one-stop shop where everything they need in terms of transformation, energy autonomy and skills is available. In addition, they are now open to certain incentives, such as tax exemptions, that would enable them to succeed. Also, we are happy to now have Lekki Port which would help decongest existing ports and promote trade between ECOWAS countries On this, we are very optimistic...
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