LFZ seeks Canadian partnership to drive foreign direct investment

The Lagos Free Zone (LFZ) has sought the collaboration of the Canadian Deputy High Commission to attract foreign direct investment (FDI) in the zone.

Adesuwa Ladoja, CEO of LFZ, made the appeal during a recent visit by the Deputy High Commissioner of Canada, Carlos Rojas-Arbulu, and his delegation.

Ladoja described the meeting as a promising step toward fostering economic ties and encouraging Canadian businesses to establish operations in the Zone.

“The Lagos Free Zone offers unparalleled advantages for investors, including single-window clearance for regulatory processes, enabling infrastructure, and integration with a deep sea port,” Ladoja said.

“It is a unique destination for businesses, combining ease of doing business with access to regional and international markets.”

Located in Lagos State and covering 860 hectares, the Zone is promoted by Singapore-based Tolaram and has already attracted over $2.75 million in employed capital.

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Carlos Rojas-Arbulu praised the Zone’s infrastructure and scale, describing it as a “soft landing” for Canadian investors. He noted that Canadian companies often focus on specific regions but identified LFZ as a viable platform for expanding their reach in Nigeria and beyond.

“We want Canadian companies to explore this market soon,” Rojas-Arbulu said, urging LFZ management to enhance its marketing strategies and consider showcasing the Zone’s potential in Canada.

Zaya Kuyena, Trade Commissioner at the Canadian Deputy High Commission, highlighted the Zone’s logistical strengths and export potential. “With world-class infrastructure in place, the Zone supports all elements of the supply chain, making it an ideal destination for foreign companies looking to establish operations or export,” Kuyena said.

The Lagos Free Zone, integrated with the Lekki deep sea port, positions itself as a premier business hub in Nigeria, enabling seamless access to global markets. Its investor-friendly environment and focus on ease of doing business aim to attract diverse investments, particularly in sectors like manufacturing, logistics, and trade.

As Nigeria continues to push for economic diversification, collaborations like this highlight the potential of private sector-driven initiatives in transforming the nation’s investment landscape.