- Lagos Free Zone gives Nordic companies a well-structured funding setting with built-in infrastructure, together with a deep-sea port and a regulatory single window
- Latest financial reforms, akin to gasoline subsidy elimination and trade charge unification, have improved transparency and investor confidence in Nigeria
- Nordic strengths in clear power, digital options, and sustainable manufacturing align with Nigeria’s progress priorities, creating alternatives for impactful collaboration
Lagos Free Zone, Nigeria’s first personal particular financial zone, centrally positioned in Lagos State and promoted by Tolaram, has been described as the perfect funding vacation spot for Nordic firms in Nigeria.
The Chief Govt Officer of the Lagos Free Zone, Mrs. Adesuwa Ladoja, disclosed this through the Nordic Nigeria Join 2025 held in Lagos on Tuesday.
Talking throughout a panel dialogue on the occasion, Ladoja defined that the Zone gives enterprise predictability and correct organisation for traders who intend to do enterprise in Nigeria, in contrast to different locations the place they’re extra prone to be confronted by infrastructural or regulatory boundaries.
She acknowledged that for Nordic firms that see Nigeria as a possible hub for enterprise, Lagos Free Zone stays the perfect vacation spot because it gives the right infrastructure, enabling setting, and logistics capability wanted to thrive.
“In Lagos Free Zone, now we have a deep-sea port with state-of-the-art gear. So, should you come to the Zone and have what you are promoting arrange, it turns into simple so that you can export, thus addressing the difficulty of delays and timing. With that, you may convey in your uncooked materials seamlessly, effortlessly, all in the identical place. So, with different entry roads and coastal roads being put in place, alongside the plan to attach the axis by rail, many of those constraints would have been taken care of. Taking a look at it from a regulation perspective, we’re creating our personal single window the place all of the regulators it’s essential do what you are promoting are concentrated within the zone,” she added.
She noticed that the Tinubu administration’s two main coverage reforms—the elimination of gasoline subsidies and the unification of the trade charge—have created a extra clear, market-driven financial system and introduced again a way of predictability within the funding local weather for overseas traders. She maintained that the reforms have impressed cautious optimism within the financial system, witnessing headwinds turning into tailwinds.
In keeping with her, sustained forex stability, low rates of interest, and downward-bending inflation curves within the final 12 months are good alerts that the personal sector capital formation cycle is ripe for revival. She additionally defined that with younger, entrepreneurial, and passionately inventive individuals occupying the largest pie within the inhabitants, Nigeria gives an enormous shopper market and a manufacturing base with entry to the 400-million-strong ECOWAS area.
“This dynamic market, structural reform, and market stabilisation mixture makes Nigeria certainly one of Africa’s most interesting funding locations as we speak. Nonetheless, the true potential is in being an early mover. As Nigeria’s infrastructure advances and its industries develop, those that set up a presence early will benefit from the best rewards,’ she added.
She acknowledged that the energy of the Nordic area, which will be present in particular sectors akin to renewable power, sustainable manufacturing, logistics, and digital options, stays extremely complementary to Nigeria’s progress priorities as it unlocks huge alternatives for collaboration that create shared worth, drive innovation, jobs, and inclusive progress.
She applauded Nordic nations for their management in clear expertise, digital transformation, and accountable enterprise practices, which align completely with Nigeria’s growth aspirations.
Different audio system on the panel dialogue embrace Chief Govt Officer, APM Terminals Nigeria, Frederik Klinke; Govt Director/Chief Monetary Officer, Development Bank of Nigeria, Ijeoma Ozulumba; Regional Director, West Africa, Norfund, Naana Winful Fynn; and Chief Govt Officer, Empower New Vitality, Yerje Osmunden.
About Lagos Free Zone
Promoted by Singapore-based Tolaram, Lagos Free Zone is Nigeria’s first personal particular financial zone. Centrally positioned in Lagos State, the industrial centre of West Africa’s largest financial system, the Zone covers an space of 860 hectares. It’s absolutely outfitted with world-class infrastructure and a single clearance window for ease of doing enterprise.
Lagos Free Zone is Nigeria’s first personal free Zone and the one Zone built-in with the Lekki deep-sea port, permitting entry to regional and worldwide markets. With a give attention to the convenience of doing enterprise, Lagos Free Zone is on the forefront of serving what you are promoting in Nigeria.
Be First to Comment