Lekki Free Zone Development Company Woos Investors

<h4>Lekki Free Zone Development Company Woos Investors<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a> <&sol;strong>reports that weeks after the world celebrated Nigeria on account of the launch of Dangote’s global biggest single chain refinery in the Lekki Free Trade Zone of Lagos&comma; management of the Lekki Free Zone Development Company&comma; has beckoned on investors to look at their direction in the eastern part of Lagos where it has established a one-stop friendly and rewarding business haven&period;<br &sol;>&NewLine;Speaking at a breakfast meeting organized by the Nigeria-South Africa Chamber of Commerce in Lagos&comma; the deputy managing director of the company&comma; Bolatiti Ajibade explained that the Lekki Free Zone Development Company&comma; which is a joint venture between a Chinese consortium&comma; CALIL&comma; and Lagos State government&comma; was established in 2006 for the purpose of driving foreign direct investment&comma; fast tracking development&comma; creating employment as well as transferring skills and boosting trade&period;<br &sol;>&NewLine;She noted that&comma; among other things&comma; <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">LFZDC’s mission of minimizing capital flight is embedded in its tax wavers from all federal&comma; state and local government taxes&comma; rates&comma; Customs duties and levies including 100 percent foreign ownership of investment and 100 percent repatriation of capital&comma; profits and dividends&period;<&sol;a><br &sol;>&NewLine;Ajibode added that &OpenCurlyDoubleQuote;One-stop approval for all permits&comma; operating licenses&comma; incorporation documents as well as option to sell 100 percent goods in to the domestic market&comma;” are parts of its friendly policies&period;<br &sol;>&NewLine;Further&comma; Ajibode disclosed that the Lekki Free Zone is a multi Sectoral free zone with ample spaces for agriculture&comma; industries&comma; real estate&comma; oil and gas including opportunities from small and medium enterprises&comma; SMEs&period;<br &sol;>&NewLine;She stressed that its proximity to the globally acclaimed Dangote’s refinery is a huge advantages to investors&period;<br &sol;>&NewLine;&OpenCurlyDoubleQuote;It is about N27 billion investment and there is no limit to the opportunities in the Free Zone&comma;” Bolatito Ajibade stated&period;<br &sol;>&NewLine;Earlier&comma; in his welcome address to guests at the event with a theme&colon; &OpenCurlyDoubleQuote;Leveraging On The Free Zone Scheme As A Catalyst For Nigeria Economic Growth-The Lekki Free Zone Story&comma;” chairman of the chamber&comma; Osayaba Giwa-Osagie&comma; SAN&comma; stated that the timing of the forum was &OpenCurlyDoubleQuote;Unique&period;”<br &sol;>&NewLine;He disclosed that the 22 years old chamber would continuously provide business opportunities to players across sectors&comma; stressing that investors should take full advantage of the new democratic climate to invest in the Lekki Free Zone&period;<br &sol;>&NewLine;<img class&equals;"alignnone size-medium wp-image-20940" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2023&sol;06&sol;NSACC-2-1024x585-1-300x171&period;png" alt&equals;"Lekki Free Zone Development Company Woos Investors" width&equals;"300" height&equals;"171" &sol;><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;