The Nation Newspaper

Tag: Lekki Free Zone

  • $300m steel plant ‘will bring more growth to Lekki Free Zone’

    $300m steel plant ‘will bring more growth to Lekki Free Zone’

    A three hundred million dollars steel plant will be built in Lekki Free Trade Zone.

    An MoU was signed between Lekki Free Zone Development Company’s Zhang Bin and FINCON Capital’s Bayo Adelore.

    Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, said this would further consolidate the business landscape of Lagos.

    “… It demonstrates the resilience of Lagos economy and its potential to attract investment. I hail the promoters for heeding the call of Governor Babajide Sanwo-Olu to take advantage of opportunities in the state,” she said.

    Read Also: Tinubu approves appointment of FCTA Head of Service, Perm Sec, others

    LFZDC’s  Managing Director, Bin, said the plant will give the zone economic strength.

    His deputy, Bolatito Ajibode, said the choice of Lekki points to its attraction for business.

    Managing Director of FINCON Capital Partners, Bayo Adelore, said the plant will sit on 700 square kilometre-land and will provide 200 jobs.

    He added that work will start in the second quarter of the year.

  • Fed Govt to support Lekki Free Zone with infrastructure

    Fed Govt to support Lekki Free Zone with infrastructure

    Vice President Kashim Shettima has assured businesses operating in the Lekki Free Zone that the Bola Tinubu administration remained committed to providing the necessary infrastructure to enhance production and related activities in the area.

    According to a statement by Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Stanley Nkwocha, the Vice President gave the assurance yesterday while interacting with some operators in the Lekki Free Zone led by the Managing Director of Tolaram Group, Mr Haresh Aswani, who were on a courtesy visit to the Presidential Villa.

    Shettima who spoke shortly after listening to a presentation on the Transformative Solutions for Road Infrastructure in the Lekki Economic Axis, said the development of the road infrastructure along the axis will be prioritized.

    He said government’s commitment is premised on “the tremendous economic and social benefits accruable to citizens and the government” as well as the possibility of “opening new vista of opportunities for Nigerians.”

    Read Also; Fed Govt to save N500m annually from FAAN relocation, says Keyamo

    He said President Tinubu’s antecedents as a pro-business leader is a springboard that will galvanize the development of the area which has huge economic benefits to government and the people.

    Vice President Shettima further assured all businesses operating in the area and elsewhere in the country that the Tinubu administration “is on the cusp of making history.

    “We are going to surmount all the challenges and address the bottlenecks militating against the growth of businesses in the country,” he added.

    Later in an interaction with the State House Correspondents, a Director at the Lekki Deep Sea Port, Mrs Adesuwa Ladoja, thanked the Vice President for granting them audience and listening to their requests.

     She also appealed to the Federal Government to prioritize the development of road infrastructure around the Lekki Free Zone, considering its huge economic benefits to the nation.

    CEO of Colegate Tolaram, Mr Girish Sharma, in his presentation on the solutions for road infrastructure in the Lekki Economic Axis, said fixing roads in and around the free zone will address challenges faced by operators in the area.

    He solicited more support for companies in the area such as Tolaram Group, a company with huge investments in Nigeria cutting across manufacturing, construction and others, employing over 20,000 Nigerians.

    Also present at the meeting with the Vice President were the Director-General, Nigerian Tourism Development Corporation (NTDC), Mr Folorunsho Coker, and a Director at the Lekki Free Zone, Mr Dinesh Rathi, among others.

  • Tinubu determined to enhance conducive business environment at Lekki Free Zone – Shettima

    Tinubu determined to enhance conducive business environment at Lekki Free Zone – Shettima

    Vice President Kashim Shettima has assured businesses operating in the Lekki Free Zone the President Bola Tinubu administration remains committed to providing the necessary infrastructure to enhance production and related activities in the area.

    According to a statement by Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Stanley Nkwocha, Shettima gave the assurance on Wednesday while interacting with some operators in the Lekki Free Zone led by the Managing Director of Tolaram Group, Mr Haresh Aswani, who were on a courtesy visit to the Presidential Villa.

    Shettima, who spoke shortly after listening to a presentation on the Transformative Solutions For Road Infrastructure in the Lekki Economic Axis, said the development of the road infrastructure along the Lekki axis will be prioritized.

    Read Also; Oborevwori suspends commissioner, investigates corruption in ministry

    He said government’s commitment is premised on “the tremendous economic and social benefits accruable to citizens and the government”, as well as the possibility of “opening new vista of opportunities for Nigerians.”

    The VP said President Tinubu’s antecedents as a pro-business leader is a springboard that will galvanize the development of the area which has huge economic benefits to government and the people.

    The Vice President further assured all businesses operating in the area and elsewhere in the country that the Tinubu administration “is on the cusp of making history.

    “We are going to surmount all of the challenges and address the bottlenecks militating against the growth of businesses in the country,” he added.

    Later in an interaction with the State House Correspondents, a Director at the Lekki Deep Sea Port, Mrs Adesuwa Ladoja, thanked the Vice President for granting them audience and listening to their requests.

    She also appealed to the Federal Government to prioritise the development of road infrastructure around the Lekki Free Zone, considering its huge economic benefits to the nation.