The Indian High Commissioner to Nigeria, Abhay Thakur has remarked that the Lagos Free Zone (LFZ) provides a unique and special ecosystem that all the Indian companies with growth aspirations must seriously consider for their businesses at a visit to the LFZ.
The High Commissioner gave this advice when he led a cross-section of top executives of Indian companies operating in Nigeria at the weekend to the LFZ, an industrial zone developed by Tolaram Group.
Thakur described the LFZ, especially with its integration of the Lekki Deep Sea Port, as a defining project for Nigeria that would impact the economy positively and further open the country to the world as a preferred destination for foreign direct investment (FDI).
“I have been very impressed with the scale, size and potential of the Lagos Free Zone project that I have seen here today and I commend Tolaram Group for having put together such a defining Project in Nigeria. I would urge all the Indian companies globally to seriously consider the possibilities at Lagos Free Zone because it is difficult to find a better investment destination in Nigeria today,” he said.
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He assured the LFZ team that the Indian High Commission in Nigeria would do all within its means to help promote and attract the much- needed investment into Nigeria.
“As you may already be aware, Nigeria remains the largest trading partner of India in Africa with total trade volume of about $14b in 2020 and is also one of the leading investors in Nigeria with a cumulative investment base of about $ 20b in Nigeria. We are trying to play a bigger role in Nigeria’s growth story by creating a win-win relationship. In this context, Lagos Free Zone has a special place in furthering India- Nigeria collaboration,” he said.
