Lagos Free Zone, BOI associate to spice up MSME exports

Lagos Free Zone Firm (Tolaram) has welcomed the Bank of Industry as a strategic investor, a transfer anticipated to speed up the event of a devoted hub for Micro, Small, and Medium Enterprises inside the zone and promote non-oil exports by way of its built-in Lekki Deep Sea Port.

The funding is positioned to strengthen Nigeria’s industrial ecosystem by offering MSMEs working inside the Lagos Free Zone entry to world-class infrastructure, environment friendly logistics supported by the Lekki Deep Sea Port, and a supportive enterprise atmosphere designed to reinforce competitiveness.

A press release acknowledged that in an inspection of the services, the Managing Director and Chief Govt Officer of the Bank of Industry, Dr. Olasupo Olusi, stated the partnership aligns with the financial institution’s mandate to help enterprise development and financial transformation. “Our funding allows MSMEs to scale and compete globally whereas contributing to Nigeria’s financial transformation,” he acknowledged.

Additionally commenting on the partnership, the Managing Director and Chief Govt Officer of Lagos Free Zone Firm, Mrs Adesuwa Ladoja, stated the collaboration underscores the corporate’s long-term imaginative and prescient for industrial improvement and export development. “BOI’s partnership validates our imaginative and prescient and helps unlock new alternatives for Nigerian companies to understand their export ambitions,” she famous.

The collaboration marks one other milestone within the drive to place the Lagos Free Zone as a globally aggressive industrial and logistics hub, leveraging strategic partnerships to help MSME development and enhance Nigeria’s non-oil export capability.

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