As the demonstration base of the entire zone, the commercial and logistics park of the startup are is planned to be of multifunctions with an integration of international exhibitions, international logistics, commercial trade markets, corporate headquarters, residential. A free trade zone is an area where trade barriers have been eliminated. Lekki free zone was initiated by the government of asiwaju ahmed bola tinubu in 2003 with a land area of hectares allocated for the project which was later increased to 3000 hectares on registration with the nigerian export processing zone authority nepza. Strategically located with access to markets and excellent infrastructure, the zone offers exclusive tax rebates and license exemptions to investors. Request pdf land governance and megacity projects in lagos, nigeria. I also saw the dangote industries refinery complex where its fertilizer plant will enter commercial production by year end, after a soft commissioning in the next 23 months. Nigeria export processing zones authority active free zones. This landmark free trade zone project for nigeria began in 2002, after receiving presidential approval. Rendeavour extends lekki free trade zone development. Lekki free trade zone lekki free trade zone lekki ftz is a free zone situated at the eastern part of lekki, which covers a total area of about 155 square kilometres. The lekki free zone lfz is located in the ibejulekki area of lagos, almost 60 km to the. Land governance and megacity projects in lagos, nigeria.
Lekki free zone opposite tiye town, akodo road, off lekki epe coastal road, lagos, nigeria, 23401454366 070 43294030 07043294062. Lekki free trade zone lekki ftz is a free zone situated at the eastern part of lekki, which covers a total area of about 155 square kilometres. Lekki free zone is a beautiful and promising industrial park with complete infrastructure which is rather convenient for the development of our enterprise. Free trade zone in nigeria freetrade zone nigeria lekki. The startup area is located in the south of lekki free zone southwest quadrant. Pdf compensation for expropriated community farmland in.
To set up a company in the free trade zone, a businessman needs to take specific steps which are standard for all the free zones of the country. Aug 18, 2015 community leaders in the sixteen villages that make up ibeju lekki in lagos state have accused the management of the lekki free trade zone ltd. Nigerias free trade zone ftz legislation has been in place for 17 years, but progress in implementation has been uneven and slow. Introduction1 this note is based on the insights gained from field visits by world bank staff2 to six zone project sites in nigeria in december 2011. Lekki free zone lfz comprises 16,500 hectares of the southeast of the city. Export processing free trade zones have emerged as an effective instrument to boost the export of manufactured products as it allows for interested persons to set up industries and businesses within demarcated zones principally with the objective of exporting the goods and services manufactured or. The lekki free zone is an ambitious project with the potential to transform nigerias economy, but it is still very much in development. The fundamental thing is to make sure that there is. In such selected areas goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities. The lagos free trade zone is built on a vision of diversified opportunities and booming economic potential. Fill up the application form, which can be downloaded online, collect from the free zone administration office or the headquarters of nigeria export processing zone. Pdf this paper compacts with the notion of free trade zones between. Free trade zone in nigeria business setup worldwide.
Detailed satellite map of lekki free trade zone road. An avantgarde corporate headquarters has also been built to effectively oversee the development of lftz. In theory, the dms of the free zone are expected to issue a set of transit documents that would harmonise the form m and the pfi. The main ftz in which chinese companies play a significant role is the lekki free trade zone, where work began in 2006. Lekki free trade zone related news investments into the lekki free trade zone, lftz, an emerging business hub in the lagos axis of the state has risen to over n100 billion in the last 10 years. Nigerian free zones offers a multitude of incentives for. The lekki free zone lfz is located in the ibejulekki area of lagos, almost 60 k m to the east of ce ntral lagos and covers a total area of. The zone is managed by global resource management free zone company, and accommodates a range of local and foreign enterprises. The service of all departments is very excellent and helpful. The proposed lekki port site is located on the southeastern nigerian coast in the ibeju lekki local government area lga of lagos state, about 60 kilometers km from lagos.
Lekki free trade zone is located at the eastern part of lekki, lagos state, nigeria. Lfz master plan lekki free zone development company lfzdc. Lekki free trade zone exported n264bn finished goods how. Compensation for expropriated community farmland in nigeria. Exploring the ftzs initiative to boost its economic prosperity, the lagos state government established the lekki free trade zone george okojie 2014. From street and road map to highresolution satellite imagery of lekki free trade zone road. Rich view estate, lekki free trade zone axis, ibeju lekki lagos, lekki free trade zone, lekki, lagos dont miss out on this great opportunities this estate is located in a very strategic location suitable for both residential and commercial. Chinese investment in african free trade zones africa portal. Get access to the guidelines that govern all partnerships and investments in the lagos free trade zone. Sezs for consideration include private stateled sezs lekki free trade zone lftz, ogun guangdong.
The governor is quite keen on this project because lekki free trade zone is the future of nigeria businesses and it is a product of research. Yesterday, i toured the lekki free trade zone port complex for the first time. The lekki free trade zone is a 16,500hectare project southwest of lagos, initiated by lagos state government through lekki worldwide investment limited. Lekki free trade zone lftz, where work began in 2006. Our partners and investors can obtain a hardcopy of the official rules and regulations from our corporate office. Megaprojects have become a global trend in nigeria and the whole world today, due to its lesser tax rates, and its continued use as a tool for foreign direct investment, there are various legal frameworks that aid the process of development of these. Dangote refinery, free trade zone lift lagos real estate. It offers easy access to the existing international airport and sea port of lagos.
Community leaders in the sixteen villages that make up ibejulekki in lagos state have accused the management of the lekki free trade zone ltd. The first phase of the zone has an area of 30 square kilometres, with about 27 square kilometres for urban construction purposes, which would accommodate a total resident population of 120,000. Sezs for consideration include private state led sezs lekki free trade zone lftz, ogun guangdong. Investments in lekki free trade zone hit n100 billion. Over 215 hectares of pristine land was acquired, prepared, and allocated for development. An indepth analysis of the laws and practices related to land expropriation for the lekki free trade zone in lagos. Pdf free trade zones between theory and practice in nigeria. Many countries in the world today are developing megaprojects in order to accommodate growing population and improve their economy.
Read all the latest news, breaking stories, top headlines, opinion, pictures and videos about lekki free trade zone from nigeria and the world on today. Lekki free trade zone is split into three districts. This page shows the location of lekki free trade zone road, nigeria on a detailed satellite map. Another development in lagos lekki free trade zone lagos nigeria duration. Progress, emerging challenges, and future directions. This is a a free zone being developed by the government in partnership with private investors, that is being developed into a new modern city with integration of industries, commerce and business, real estate development, warehousing and logistics, tourism, and entertainment. Therefore this research is aimed at analyzing the socioeconomic and environmental effects of these megaprojects on. Lekki free trade zone lagos latest news politics nigeria. Jun 26, 2018 another development in lagos lekki free trade zone lagos nigeria duration. Houses for sale in lekki phase 1 lagos nigeria cheap house for sale in lekki lagos nigeria duration.
She said the lekki free zone, among other things, was conceptualized to develop an offshore economic growth zone, attract foreign investments, promote export, create job opportunities, transfer technology, minimise capital flight and establish a one stop business haven and currently has 22 free zone enterprises fzes and 18 manufacturing. Investment opportunities in the special economic zones for made in. Lekki free zone development company lfzdc building a. Land for sale in lekki free trade zone, lekki, lagos, nigeria. A chinese consortium led by the china civil engineering construction company holds a majority.
The nigerian export processing zones act 1992 decree no. Lekki free trade zone news latest breaking stories and. A multipurpose, deep sea port at the heart of the lagos free trade zone, lekki deep sea port will be one of the most modern ports in west africa, offering enormous support to the burgeoning commercial operation across nigeria and the entire west african region. Ongoing public and private sector synergy leading to the development of dangote refinery project and lagos free trade zone ftz have been received by. Lekki free trade zone lftz lftz is located on lekki peninsula in lagos and covers 16,500 ha. Meetings were held with relative stakeholders government officials, zone developers, and zone management in. Lekki free trade zone attracts n170bn investment vanguard news.
212 141 463 935 1220 813 137 1128 1110 1028 333 1107 729 1484 194 1250 1135 559 628 350 208 1311 1140 326 81 647 345 116 804 1381 50 614 1023 42 156 265 105 2 1132 1377