European companies mull investment in Lagos Free Zone - Punch Newspapers

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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.

Rathi stated “We would leverage technology not only as an enabler but also as a differentiator. Lagos Free Zone would be a full-fledged digitally-enabled zone. We are currently working with a leading telecom and network solutions provider to connect the entire zone with a high-speed fibre optic network.”

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. “The Lagos Free Zone team have been very supportive, they extended their full assistance to guide us through the process of setting up our facility and they have also been constantly available to help us resolve any operational issues that arise, efficiently and amicably,” Ilesanmi noted.

 

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