Lagos Free Zone Chases Indian Investment for Nigerian Market

CEO Adesuwa Ladoja of Lagos Free Zone highlights opportunities for Indian companies to develop new products specifically for the Nigerian and broader African markets. LFZ, with investments totaling USD 2.75 billion, hosts global brands and benefits from its proximity to Nigeria's deepest port, Lekki Port, which facilitates large-scale import operations.

Lagos Free Zone CEO Adesuwa Ladoja on Monday identified significant opportunities for Indian companies to innovate new products for the Nigerian and African markets.

LFZ, a port-based industrial zone covering 850 hectares in Lagos, has already attracted over USD 2.75 billion in foreign direct investments.

Ladoja emphasized that a local presence in Nigeria allows companies to better understand and adapt to the regional market, improving profitability. LFZ hosts global names like BASF, Tata International, and Colgate, benefiting from proximity to Nigeria's deepest port, Lekki Port. This strategic advantage has facilitated direct cargo operations within Nigeria, making it more appealing for international investors.

(With inputs from agencies.)