MD OF NEPZA Adesoji Adesugba, team visit Lagos Free Zone

Lagos Free Zone owned by Tolaram group, welcomed the Managing Director of the Nigerian Export Processing Zones Authority (NEPZA), Professor Adesoji Adesugba and his team including the GM Private Zones, Mr. Mu’azu Ruma.

Lagos Free Zone is the first privately owned special economic zone in Nigeria with an integrated deep seaport and is home to several reputable brands such as Kellogg’s, Dano Milk, Power Oil, Colgate, BASF, and many more.

With world-class infrastructure and a host of operational advantages, Lagos Free Zone intends to be the preferred industrial hub in Nigeria to cater to the growing needs of consumers in Sub-Saharan Africa.

The visit by NEPZA MD started with a well-detailed presentation by the Lagos Free Zone business development and marketing manager, Chinju Udora, before progressing to site visits of the Lekki Deep Sea Port and the Power Oil manufacturing plant. Lekki Port, which is set to be fully operational by the fourth quarter of 2022, is seamlessly integrated within Lagos Free Zone to connect it to regional and international routes.

Lagos Free Zone remains committed to enhance the ease of doing business in Nigeria. The central processing center that currently hosts agencies including the Nigeria Immigration Service (NIS) and the Nigeria Export Processing Zones Authority (NEPZA) facilitates a single-window system to meet all registration and day-to-day operational needs of businesses.

Furthermore, critical ancillary facilities such as ready-built standard industrial facilities, warehouses, emergency response medical facilities, dedicated truck packs, and logistics support enable a cost-effective and hassle-free operational environment for businesses.

During his closing remarks, the Managing Director of NEPZA, Professor Adesoji Adesugba said “As a developing country, we need to focus on key aspects that can lead to accelerated economic development. NEPZA is an agency of government that is geared towards ensuring there is industrialization using the template of the free zones and this is exactly what we are working towards.

It is also important to stress that irrespective of legislation, the purpose and the mandate given to the free zone is that it must be a tax-free zone.

Therefore, no matter the complications, we have to make sure that ours is not different to others.

We will also be upgrading the investment promotion unit of NEPZA to a full-fledged department, as it is crucial for the government and private sector to promote great investments such as the Lagos Free Zone.

I would like to thank, CEO of Lagos Free Zone, Mr. Dinesh Rathi, and his team for a great tour of the site and the wonderful work being done here.”

The visit was organized by the Lagos Free Zone in collaboration with the Nigerian Export Processing Zones Authority (NEPZA).