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Gbeminiyi Ogunleye
2 weeks ago
Overview
Lagos Free Zone Gets US Support, Investments «
The United States Diplomatic Mission in Nigeria has expressed readiness to drive foreign direct investment to the Lagos Free Zone, Nigeria’s first private special economic zone.
In a statement on Monday, it was revealed that the U.S. Ambassador to Nigeria, Richard Mills Jr, gave this assurance when a delegation of the U.S. Embassy & Consulate General in Nigeria visited the LFZ.
The Lagos Free Zone is located in Lagos State, the commercial centre of West Africa’s largest economy, and is promoted by Singapore-based Tolaram. It covers an area of 860 hectares and is equipped with world-class infrastructure and a single clearance window for ease of doing business.
Recall that recently, Mills Jr at a Fireside Chat at the Lagos Business School announced that the USA would be focusing on private sector-led investment instead of aid in its engagement with Nigeria and sub-Saharan Africa.
