Lagos Free Zone woos Indian manufacturers

LFZ is looking for investments in pharma, consumer goods, chemicals

- Shashank Mattoo

The Lagos Free Zone (LFZ), a private free trade zone in Nigeria, is looking to attract Indian investments in fields such as pharmaceuticals, consumer goods and chemicals, managing director Dinesh Rathi said. The zone, which is owned by a Singapore-based conglomerate, has received around $2.5 billion in investments so far, which it aims to double over the next five years.

“In Nigeria, we operate two verticals. One is an infrastructure vertical, which comprises the free zone, and the other is a deep sea port, which is called Lekki Port. This special economic zone solves a lot of problems, which business operators generally encounter in many emerging markets like Nigeria. One is transportation and logistics, which is solved by the presence of Lekki Port," Rathi said.