The Commissioner for Commerce, Industry and Cooperatives, Dr Lola Akande disclosed this at the Year 2020 ministerial press briefing to commemorate Governor Babajide Sanwo-Olu administration, revealing that the total value of the 24 companies within the zone is estimated to be US$250M.
“Ariel Foods is the largest ready-to-use therapeutic food factory in Africa. Its investment in Alaro is a US$15m multi-sector investment, including investment in housing, soap and detergent production. Akande also disclosed that the investment in the Lekki Free Trade Zone Development Company is yielding result as US$30 million goods were exported in the last 12 months while 19 new companies are at various stages of deployment.
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