The Lekki Free Zone Project covers a land mass
of about 16,500 hectares in the Ibeju-Lekki axis of
The Southwest Quadrant which covers an area of about 3000 hectares is being jointly developed by a joint venture partnership between the Lekki Worldwide Investment Limited (a Special Purpose Vehicle) representing Lagos State Government in the joint venture and a consortium of Chinese investors referred to as China Africa Investment Limited (CALIL)
The joint venture company which is the Lekki Free Zone Development Company has been granted the concession to develop, manage and operate the Southwest Quadrant for 50 years.
In attracting viable investments into the
Phase 1 development, the Federal Government through the Nigeria Export
Processing Zones granted a list of incentives for enterprises operating in
Nigerian Free Zones with purpose of creating an enabling environment for
investment to thrive without bureaucratic processes with government agencies.
The incentives also include creating a -one -stop service center with
representatives of Nigeria Customs Service, Nigeria Immigration Service and the
representative of NEPZA to fast track approval and permits needed for
enterprises to operate in the zone.
http://lfzdc.org/
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