Lekki Free Zone offers opportunities in a range of sectors

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.
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