Lekki Free Zone Business Development Prospect


The construction of LEKKI Free Zone is carried out like a raging fire on the rich and charming LEKKI Peninsula. The grand blueprint is rapidly becoming reality on the hot land along the Atlantic Ocean.

It is located in the LEKKI Peninsula which is in the south eastern part of Lagos State, the economic centre of Nigeria. It abuts the vast Atlantic Ocean in the south and the quiet and graceful Lekki lagoon in the north. The geographical position is strategic and it is 60km away from the centre of Lagos, 70 km away from Lagos International Airport and only 8 km away from the new International Airport which is planned to be built by Nigerian government.

The total area of Lekki Free Zone is 165 square km with a favorable development environment. The most attractive is the large market demand: The population of Nigeria is about 137 million and that of the surrounding West African Economic Community is about 500 million. The local industry is developing and more than 90% of the products are imported, so the market potential is considerable; the second is the favorable export advantages: Nigeria is a signatory state of Lome Convention, so the products made in Nigeria could be exported to Europe and the United States, enjoying no quota restrictions and low tariff. The third of all is the rich natural resources: Nigeria is very rich in oil, natural gas, wood, minerals and other natural resources. The foreign capital can utilize the local resources to process production or explore various kinds of resources through project development and commodity trade.

Also, it is in line with the exploration strategy of the Chinese government. Now Chinese light industry, textile industry, machinery and household appliances and many other fields have surplus production capacity and it is high time for them to find new development space. LEKKI Free Zone provides a new development platform for those enterprises that go out to the world in groups and so, effectively reducing the risk of individual enterprise’s overseas investment. China has 50 years’ franchise rights and 99 years’ right of land usage of LEKKI Free Zone.

Lekki Free Zone Features
In addition to incentives, the following factors account for why Lekki Free Zone is preferred;
1. Unique Location
It is within the reach of domestic market of Nigeria with a population of over 140 million people. It also has easy access to the neighbouring countries in West Africa and central Africa with a population of 500 million people. It is within the easy reach of European and American market.
2. Provision of Infrastructure
Good road networks
12 MW of power as initial oftake
Water supply of about 9000m3 /day
Communications
Security system
The new Lekki International Airport
The new Lekki deep sea port
3. Regional Characteristics
Lekki Free Zone is about 50Km from Lagos city centre, 70 Km from the Murtala Mohammed Int’l Airport (MMIA) and 10 Km from the new Lekki Int'l Airport. It is also about 50 Km from Apapa port, West africa’s largest harbour. The new Lekki deep sea port is located right inside the Lekki Free Zone and will be linked by rail and road network to all the commercial states of Nigeria and neighbouring countries.

Note: We at Pazino Engineering & Construction Co. Ltd. have Estate (Gardens) Schemes to suit your presence around the Lekki Free Trade Zone and other massive development.

To be a part of this, call Soji on: 08034699002 or Visit: www.pazinoecc.com