• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Lagos State says it is taking these steps to attract foreign investors Lekki Free Trade Zone?

Chacha Wabara by Chacha Wabara
June 15, 2017
in Business News
Lagos State says it is taking these steps to attract foreign investors Lekki Free Trade Zone?
Share on FacebookShare on TwitterShare on Linkedin

The Lagos State Government has begun making serious overtures to foreign investors in a bid to attract their investment into the Lekki Free Trade Zone Development Company. The latest of such overtures was a business meeting between he Commissioner for Commerce, Industry and Co-operatives in Lagos, Prince Rotimi Ogunleye and members of the Diplomatic Community at LFZDC.

During the meeting, the Commissioner outlined specific strategies that the government had implemented in order to make LFTZDC attractive to all foreign investors. Some of these steps are

  • 47million has been so far released for infrastructural development in LFZDC to ensure that basic amenities required were available on a continuous basis. Some of these amenities are adequate security, water treatment plant, sewage plant, and round-the-clock power supply. All of these are all available in order to enhance the ease of doing business in the Zone
  • 461 million had been given as compensation to host communities comprising Yegunda and Abomiti as well as Lekki-Epe International Airport Zone. This would forestall any community hostility arising from lost property, which has the ability to impede investment in the area.
  • The LFTZDC, according to its Managing Director, Ding Yonghua is a transparent and efficient management service, which will accord fair treatment to all investors, Chinese or otherwise, despite its makeup

These actions, the Commissioner said, were part of the state government’s commitment to promoting sustainable commercial and industrial growth and ensure speedy development. However, will these actions be enough?

RelatedStories

12 words you need to delete from your CV in 2023

12 words you need to delete from your CV in 2023

December 27, 2022
Real estate sector c

Outlook for the Lagos Real Estate market in the second half of 2022

July 3, 2022

Some good signs are present to suggest that the LFTZDC may actually succeed in getting foreign investment. For one, the meeting was attended by representatives from Canada, Britain, China, France, Ireland, Malaysia, Belgium, Switzerland, Netherlands, Spain, Brazil, Germany, and Namibia. These countries also represent a good mix, indicating that some form of interest is currently being stirred.

The LASG commitment to the project as shown through its prompt disbursement of funds as well as the growing investor confidence in the country are other positive signs. Couple this with the obvious advantages of the location of the Zone, less than three kilometers from the Lekki Deep Seaport, the presence of proposed international airport to be situated about 10 kilometers away and easy access to inland waterways, rail and road access.

On the flip side, however, larger issues surrounding the ease of doing business in Nigeria, the stability of the Naira and other Federal Government policies could serve as an impediment to investment in the Zone. And while at the business meeting, the Commissioner went to great lengths to suggest that the board constitution of Nigerians and Chinese does not imply that the Zone is for Chinese investment only, the fear of bias may continue to play in the minds of potential investors from other countries.

In the end, the interplay of both sets of factors will play a key role in determining how much of a success the Zone will be for the state and the country at large.


Follow us for Breaking News and Market Intelligence.
Tags: Real Estate News
Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

Related Posts

12 words you need to delete from your CV in 2023
Financial Literacy

12 words you need to delete from your CV in 2023

December 27, 2022
Real estate sector c
Real Estate and Construction

Outlook for the Lagos Real Estate market in the second half of 2022

July 3, 2022
Renting a house
Real Estate and Construction

Is Real Estate a good hedge towards inflation in Africa’s real estate?

June 17, 2022
Nigeria's real estate, COVID-19 forces tenants to request moratoriums from property owners
Lifestyle

Real Estate: What US$100,000 can buy you in African cities

June 5, 2022
Nigeria’s real estate industry
Metrics

Promo: Best real estate deals you don’t want to miss

May 24, 2022
2023 Lagos Development Pipeline Report Retail Overview: What is inhibiting the growth of the retail sector?
Small Business

Top 10 cost every Nigerian business must incur

April 28, 2022
Next Post
Nigerian Stock Exchange

The NSE launching Exchange Traded Derivatives is a big deal                     

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Adeleke reduced Osun’s debt profile by 43% between 2022 and 2025 – State Govt 
  • World Bank: Mobile money fuels record financial inclusion in Nigeria, other developing economies in 2024 
  • Larry Ellison, Jensen Huang are $11.6 billion richer in 24 hours 

Follow us on social media:

Recent News

Gold mining: Thors Exploration agrees to pay N1.2 billion PAYE tax assessment – Osun Government

Adeleke reduced Osun’s debt profile by 43% between 2022 and 2025 – State Govt 

July 16, 2025
List of 18 mobile money operators in Nigeria insured by NDIC

World Bank: Mobile money fuels record financial inclusion in Nigeria, other developing economies in 2024 

July 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics