The Commissioner for Commerce, Industry and Co-operatives in
Lagos, Prince Rotimi Ogunleye, said a total of N698.47million has been so far
released for infrastructural development in the Lekki Free Zone Development
Company (LFZDC).
Speaking during a business meeting with members of the
Diplomatic Community at LFZDC recently, he said the Lekki investment hub is not
only meant for Chinese companies but other investors across the globe are
welcome to invest. .
According to him, “the state government is committed to
promoting sustainable commercial and industrial growth,” stressing further that
the “funds released to the zone is to ensure speedy development and honour the
state’s obligation on counterpart funding of the project.”
He also disclosed that about N740.461 million had been given
as compensation to host communities comprising Yegunda and Abomiti as well as
Lekki-Epe International Airport Zone.
While presenting his progress report, the Managing Director,
LFZDC Ding Yonghua, said Phase one of the Zone will create 30,000 employment
opportunities, with a population of about 120,000 people residing in the
premises.
He also said the LFZDC is controlled by transparent and
efficient management service, adding that good infrastructure, adequate
security, water treatment plant, sewage plant, and 24 hour power supply are all
available in order to enhance the ease of doing business in the Zone.
He also explained that in addition to incentives being
provided by the government, the management of Lekki Free Zone will provide
further incentives to encourage investors that situate their factories within
the Zone.
The Lekki Free Trade Zone is being developed as an
industrial harbor city with transportation advantage with the Lekki Deep
Seaport, which is less than three kilometers from the Zone.
The proposed international airport is to be situated about
10 kilometers from the Zone, and access to the inland waterways with an
extensive and well planned rail and road access.
The meeting had in attendance representatives from Canada,
Britain, China, France, Ireland, Malaysia, Belgium, Switzerland, Netherlands,
Spain, Brazil, Germany, and Namibia.
GUARDIAN
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