LFZ eyes Canada partnership to draw investments

The Lagos Free Zone has known as for elevated collaboration with the Deputy Excessive Fee of Canada to draw international direct funding.

In accordance with a press release, the Chief Govt Officer of Lagos Free Zone, Adesuwa Ladoja, made this identified in Lagos throughout a latest go to by a delegation from the Canadian Deputy Excessive Fee, led by Deputy Excessive Commissioner Carlos Rojas-Arbulu.

Ladoja described the go to as the beginning of a mutually helpful relationship and expressed optimism about Canadian companies establishing operations within the Zone.

“Lagos Free Zone provides many aggressive benefits and incentives for buyers concerned with finding their companies right here,” she stated.

Ladoja added that the Zone, promoted by Singapore-based Tolaram, spans 860 hectares and is designed to reinforce the benefit of doing enterprise, noting “Companies within the Zone take pleasure in single-window clearance for regulators, enabling infrastructure, the chance to reside, work, and play, in addition to entry to international markets.”

Additional, Ladoja highlighted the combination of the Lagos Free Zone with a deep-sea port as a novel characteristic, saying “That is the one Zone in Nigeria with such integration, giving companies right here a aggressive edge.”

She additionally disclosed that LFZ was Nigeria’s first privately owned particular financial zone and has attracted over $2.75m in employed capital, positioning it as a hub for brand spanking new investments.

Deputy Excessive Commissioner Rojas-Arbulu, in his remarks, praised the standard and scale of operations at LFZ.

He expressed a dedication to fostering collaboration that might drive bilateral exchanges.

“The sturdy infrastructure on the Lagos Free Zone provides Canadian corporations a mushy touchdown to enter the Nigerian market,” he stated.

Whereas acknowledging that Canadian investments have typically been region-specific, Rojas-Arbulu stated LFZ’s incentives and experience current a novel alternative.

The Canadian Deputy Excessive Commissioner inspired LFZ administration to accentuate advertising efforts to construct belief and entice buyers, stressing “We wish Canadian corporations to discover this market quickly.”

He additionally really useful that LFZ officers go to Canada to showcase the Zone’s potential to Canadian buyers.

Commerce Commissioner on the Canadian Deputy Excessive Fee, Zaya Kuyena, who was a part of the delegation, echoed related sentiments.

Kuyena lauded the Zone’s world-class infrastructure and powerful logistics capabilities, stating “With all parts of the availability chain supported, the Zone is good for international corporations looking for to ascertain operations or develop exports.”

He urged the Zone’s administration to amplify its consciousness campaigns and spotlight its export potential to draw international companies.