What next for the Lekki Free Trade Zones?
Lekki Free Trade Zones. Source: Stears Business

Like a father leading his daughter to the marriage altar, the Lagos State Government sealed a partnership between the Chinese and Nigerian governments in 2006. The alliance was consummated with a blueprint for the Lekki Free Trade Zones (LFTZs), a behemoth 16,500-hectare settlement home to four separate free trade areas.

Colloquially—and incorrectly—referred to as the Lekki Free Trade Zone, the area is split into four zones: the Lagos Free Zone, Lekki Free Zone, Alaro City, and Dangote Free Zone. For clarity, we will refer to all of them as the Lekki Free Trade Zones (LFTZs).

Although the LFTZs occupy less than 0.02% of Nigeria’s landmass, when complete, they could add over 100,000 direct jobs, equivalent to 0.5% of Nigeria’s current workforce.

But businesses need to fill up the LFTZs to achieve this potential. 




 

The LFTZs are half full

Looking at where each zone is located will give us a clearer picture. In the South-West (SW)

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Adesola Afolabi

Adesola Afolabi

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