Lekki Free Trade Zone is a major catalyst for the development of Lagos state brought about by a collaboration of the Chinese and Nigerian governments. It was started during the administration of former Governor of Lagos state, Bola Ahmed Tinubu.

The Lekki Free Zone is an ambitious project with the potential to transform Nigeria’s economy, but it is still very much in development.

Despite still being under construction, the Zone is fast attracting local and foreign investors. The largest oil refinery in Africa, a fertilizer plant, petrochemical plant and a sub-sea gas pipeline project is under construction by African richest man, Alhaji Aliko Dangote, and valued at $17 billion. The largest Deep Sea Port in West Africa is also under construction opening up access for export to West Africa and beyond.

The free zone receives a number of benefits targeted towards its developers and occupants.
• Zero corporate income tax on Free Zone income
• Zero withholding tax on dividends
• Zero VAT on purchases made within the free zone
• No customs duties on imports
• Revenue collection in USD allowed in the Zone
• No inspection of imports until arrival on-site in the Zone
• Exemption from FX controls
• Repatriation of foreign capital investment and gains in the Zone
• Up to 100% foreign ownership of business
• No need for Company Expatriate Quotas

It is also important to note that this area will be home to the New International Airport, Pan Atlantic University, Eleganza Industrial City, Lekki Deep Sea Port and other amazing infrastructures. Aside from the Lekki Free Trade Zone being a hub of opportunities, its environment will also provide a considerable amount of opportunity.


To secure your plots of land in this location, visit www.kayodeobembe.com.ng