Integration of Lekki Port with LFZ will change Nigeria's economy — Dinesh Rathi
The Managing Director of Lagos Free Zone (LFZ), Mr. Dinesh Rathi, expressed his belief that the integration of Lekki Port into Lagos Free Zone would be a major catalyst in bringing huge economic fortunes to Nigeria.
Rathi revealed this during a West Africa Real Estate Investment Summit roundtable titled “Industrial Infrastructure, Special Economic Zones and Planned Developments” held recently in Lagos.
He noted that for Nigeria to realize its economic potential, the country must start focusing on planned urban developments like special economic zones to accelerate development and improve the economic well-being of its people. According to him, the Lagos Free Zone is a classic example of planned development that can spur growth given its integration with Lekki Port, which is well-equipped with world-class infrastructure to enhance the ease of doing business.
He further explained that the combination of LFZ and the start of operations at Lekki Port remains a game-changer that would help unlock the country's economic opportunities.
He said the decision to provide enabling infrastructure in the area is aimed at helping investors, local and foreign, to do business with ease in order to contribute to Nigeria's attractiveness for FDI and economic transformation .
“What we have also done, apart from establishing Lekki Port as a gateway and trans-shipment hub, is creating a well-equipped free zone with world-class infrastructure – warehouses, standard factories , logistics park, etc. All of these are to bring in the operator and plug and play. Operators or investors can thrive in the zone as it gives them resilience as they can do so in the most efficient and optimized way,” he said.
He further pointed out that the area has provided a power station as a huge incentive for investors, noting that the challenge around reliable and affordable energy, which has been the bane of Nigeria becoming a manufacturing hub, could soon become a thing of the past. .
He disclosed that with the entry into force of the Continental Free Trade Agreement with Africa, the Lagos Free Zone will become a great investment destination to facilitate trade with Nigeria.
The Managing Director of Lagos Free Zone (LFZ), Mr. Dinesh Rathi, expressed his belief that the integration of Lekki Port into Lagos Free Zone would be a major catalyst in bringing huge economic fortunes to Nigeria.
Rathi revealed this during a West Africa Real Estate Investment Summit roundtable titled “Industrial Infrastructure, Special Economic Zones and Planned Developments” held recently in Lagos.
He noted that for Nigeria to realize its economic potential, the country must start focusing on planned urban developments like special economic zones to accelerate development and improve the economic well-being of its people. According to him, the Lagos Free Zone is a classic example of planned development that can spur growth given its integration with Lekki Port, which is well-equipped with world-class infrastructure to enhance the ease of doing business.
He further explained that the combination of LFZ and the start of operations at Lekki Port remains a game-changer that would help unlock the country's economic opportunities.
He said the decision to provide enabling infrastructure in the area is aimed at helping investors, local and foreign, to do business with ease in order to contribute to Nigeria's attractiveness for FDI and economic transformation .
“What we have also done, apart from establishing Lekki Port as a gateway and trans-shipment hub, is creating a well-equipped free zone with world-class infrastructure – warehouses, standard factories , logistics park, etc. All of these are to bring in the operator and plug and play. Operators or investors can thrive in the zone as it gives them resilience as they can do so in the most efficient and optimized way,” he said.
He further pointed out that the area has provided a power station as a huge incentive for investors, noting that the challenge around reliable and affordable energy, which has been the bane of Nigeria becoming a manufacturing hub, could soon become a thing of the past. .
He disclosed that with the entry into force of the Continental Free Trade Agreement with Africa, the Lagos Free Zone will become a great investment destination to facilitate trade with Nigeria.
What's Your Reaction?
