Lagos Free Zone wins Industrial Champion Category at Global Free Zones of the Year Awards
Lagos Free Zone (LFZ) (www.LagosFreeZone.com), Nigeria’s first private free trade zone situated on a deep seaport, has been named the Industrial Champion category winner of the 2023 Global Free Zones of the Year awards by fDi Intelligence, a Financial Times service. Global greenfield foreign direct investments across sectors are tracked by fDi Intelligence.
The award is given in honor of the top-notch industrial ecology that the LFZ, an African Special Economic Zone, provides for industry. Because of its integration with a deep sea port that receives container vessels from all over the world, opening up new opportunities for manufacturers, LFZ was named the inaugural winner of Africa’s industrial champions category in the special report published by fDi Intelligence identifying the world’s best free zones for FDI.
“The company’s community jobs portal and a future training hub, which is dedicated to vocational skills that align with its priority sectors of food and beverages, pharmaceuticals, engineering, paper, chemicals, and non-metallic minerals, are beneficial to manufacturers when it comes to staffing projects,” the statement reads.
The Nigeria Export Processing Zones Authority’s Managing Director, Dr. Olufemi Ogunyemi, stated: “We are extremely happy about this development and commend the Lagos Free Zone team for their efforts. This acknowledgment reaffirms NEPZA’s dedication to advancing the Renewed Hope agenda, which uses free zones as the mainstay of our strategy to attract foreign investment. We will keep creating an atmosphere that encourages businesses to succeed and add to the wealth of our country. We are thrilled with the possibilities that lie ahead.
“We are glad to see investment hubs like the Lagos Free Zone get global recognition and congratulate the team at Lagos Free Zone for being announced the Industrial Champions for the African continent at the Global Free Zones awards this year,” said Aisha Rimi, the recently appointed CEO of the Nigerian Investment Promotion Commission. Our commitment is to collaborate positively with both public and private sector entities in order to achieve our shared objective of promoting foreign direct investment and bolstering the nation’s economy.
Dinesh Rathi, the CEO of Lagos Free Zone, said in his remarks that the award was proof of the promoters’ dedication to drawing in foreign manufacturers by offering a top-notch industrial ecosystem and, as a result, generating jobs for Nigerians.
Rathi stated that the company is overjoyed to have received this distinction and that it would keep making significant moves to draw in both domestic and global capital to the manufacturing industry.
At Lagos Free Zone, we enable companies to “Make in Nigeria for Africa” by offering a top-notch industrial ecosystem that is integrated with Lekki Port, the deepest and most advanced seaport in Nigeria. Through this ecosystem, we invite both domestic and international firms to help unlock hassle-free growth in West Africa and beyond. We sincerely dedicate this noteworthy honor to every Nigerian, he remarked.
