The Lekki Free Trade Zone (LFZ) is located in Lagos State and is ideal
for setting-up manufacturing businesses in all sectors. There are many sources
of raw materials for investors in fields such as agri-processing, clothing and
textiles, food and beverages, forestry, mining and pharmaceuticals.
Opportunities in commerce, retail, housing and tourism also abound. The beaches
adjoining Lekki's lagoon and oceanfront are the site of considerable activity
and host various tourist facilities.
Competitive
advantages of the Lekki FZ
• Access to the largest consumer
market in Africa with over 500 million potential customers locally and in the
West Africa region.
• Generating profit to its
maximum extent by utilising Nigeria's abundant natural resources such as oil,
natural gas, timber, rubber, cocoa, gum arabic, sesame seeds, fruits, etc.
• Favourable geographical and
ascendant location to the Atlantic Ocean from where to export products to the
rest of the world
• Providing a perfect development
platform for investors by using the company-orientated operation mode
• Modern infrastructure such as
an airport and seaport
• One stop approval of all
permits, operating licenses and incorporation papers
Preferential
policies and incentives to investors
• 100% foreign ownership of
investment and joint venture entities allowed in the zone
• 100% repatriation of capital,
profits and dividends out of Nigeria
• Import or export licenses not
required by enterprises operating in the zone
• Customs duty-free and no quota
restriction for all imported raw material products, machinery & equipment,
consumer goods, as well as any other goods for investment projects in the zone
• No strikes and lock-outs
permitted in the zone
• 100% of the finished products
manufactured, assembled or produced in the zone can be sold into the Nigerian
domestic market
• Exemption from all taxes,
customs duties and levies from the Federal, Lagos State and Local Governments
• No quota on products exported
from the Lekki FZ to the European Union or the United States
• Goods manufactured in Nigeria
are entitled to preferential tariffs in the EU, as Nigeria is a member country
of the Lome convention
Summary:
The Lekki Free Zone in Lagos State provides a variety of opportunities for investors interested in agri-processing, clothing and textiles, food and beverages, forestry, mining, pharmaceuticals, retail, housing and tourism.
Copied from The TradeInvestNigeria website
Are you an investor? looking for land before or after the Free Zone?
if yes please call 234 1 07065562187
08172015197
The Lekki Free Zone in Lagos State provides a variety of opportunities for investors interested in agri-processing, clothing and textiles, food and beverages, forestry, mining, pharmaceuticals, retail, housing and tourism.
Copied from The TradeInvestNigeria website
Are you an investor? looking for land before or after the Free Zone?
if yes please call 234 1 07065562187
08172015197
