New Telegraph

September 17, 2024

LFZ Owners Laud BOI’s Intervention, Seek More Support

The Chief Executive Officer, Lagos Free Zone (LFZ), the first private lyowned free zone in Nigeria, Mrs. Adesuwa Ladoja, has promised to continue its strategic alliance with the Bank of Industry (BoI) in a bid to drive the development of the Zone.

Ladoja disclosed this during a tour of LFZ’s facilities with the management team of BOI located at Ibeju Lekki, Lagos recently. While applauding the Bank of Industry for being instrumental to the growth of the zone, she expressed eagerness to continue partnering with BOI to actualise its vision. She said with the support of BoI, the zone would be empowered to build more infrastructure that would motivate prospective clients and manufacturers to invest in the industrial park.

She highlighted that the provision of ready-to-lease infrastructure such as the prebuilt plug-and-play factories at the LFZ would equally enable investors to avoid the cost of setup and regulatory approvals. According to her, “right from our early days, BOI has been helping with the establishment of our plants and industries. We are hoping that going forward, they can continue to support us, especially in the area of developing ready-to-lease warehouses and factories.”

In his response, the Chief Executive Officer/Managing Director, Bank of Industry, Olasupo Olusi, stated that the agency had a clear mandate to support businesses or investors that can enhance the industrial transformation of the country, hence the reason for the visit to the zone.

Expressing satisfaction with the quality of the infrastructure at the Zone, Olusi maintained that the past investment by the agency was fully justified. In his remarks, the Group Managing Director, TolaramAfrica, Haresh Aswani, who expressed profound appreciation for the visit stated that Tolaram would continue to build and sustain the existing relationship between it and BoI.

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