Kunle Kalejaye 25 May 2016, Sweetcrude, Lagos – The Lagos State Government has assured prospective investors at the Lekki Free Zone of its commitment to guaranteeing a safe haven for all investment in the area.
The state commissioner for Commerce, Industry and Cooperatives, Rotimi Ogunleye disclosed this in Lagos, saying the government has overhauled the security network in the area in order to guarantee a safe haven for investment.
According to him, the government is also engaging the host communities to ensure a sustainable cordial relationship with investors in the zone.
Ogunleye noted that N1.6 billion has been released by the state government as part of its equity contribution in the Lekki Free Zone Development Company, LFZDC, to boost the ongoing infrastructural development as well as encourage investors’ participation in the project.
He hinted that the World Bank has recently listed the Lekki Free Zone as the fastest growing Free Zones in the world, adding that the products from the zone would be compliant with international standards as they would go through standardisation laboratories.
The commissioner maintained that the LFZ project, which remains the flagship of the state government’s industrial development initiative, was conceptualised to provide enabling environment for industries to operate as well as attract both local and foreign direct investments into the state.