Lagos Free Zone Woos Nordic Investors with Ease of Doing Business

Lagos Free Zone, a subsidiary of Tolaram and the first privately-owned and port-based free zone in Nigeria, attracted investors from the Nordic countries to boost investment and foreign direct investment into the country. They were encouraged to set up businesses within the zone, capitalizing on its exceptional infrastructure, incentives and ease of doing business.

Speaking during the Breakfast Session of the Nordic Nigeria Connect 2023 conference held in Lagos on Tuesday with the theme, “Innovation for a Greener Future,” the Managing Director/CEO Lagos Free Zone, Mr. Dinesh Rathi, revealed that the zone remains the most preferred and viable investment destination in Nigeria with its unparalleled ease of doing business and the unique incentives available for investors.

Dinesh noted that Nigeria has all the ingredients needed to catapult itself to a regional hub, considering the quantum of world-class facilities and infrastructure available at the zone.

He explained that the Lagos Free Zone remains the ideal destination for investment in Nigeria with huge investment in infrastructure, including gas, ready-to-lease warehouses, and factories, as well as being the only free zone in Nigeria integrated with a deep-sea port, which makes it easy to bring in raw materials, and export finished goods.

“Nigeria is one of the strongest economies in Africa with potential for further economic and industrial activities owing to the presence of natural resources and favorable demographics, with a population of 219 million representing 20 percent of Africa and a GDP of $509 billion (17% of Africa),” he said.