Ambode to fast-track development of Lekki FTZ
Lagos State Governor, Mr. Akinwunmi Ambode, has given an assurance that his administration would fast track the development of the Lekki Free Trade Zone (LFTZ), an emerging hub for foreign and local investors in the state.
The Governor, who made the pledge while inspecting the LFTZ at Ibeju Lekki area of the state, said his administration would provide the necessary incentives required to hasten the development of the Zone expected to host diverse investments.
He spent about fours hours inspecting the place, which covers an area of 16, 000 hectares of land expected to harbour the $11 billion Dangote Refinery and other multi billion dollars investments driven by consortium of Chinese companies.
He expressed optimism that when the Zone commences optimal operations, it would go a long way to boost economic prosperity of not only Lagos state, but also Nigeria as a whole. “I came to see the level of development that is going on here.
The Free Trade Zone is a major catalyst for the development of Lagos State. “It was started during the administration of Asiwaju Bola Ahmed Tinubu and continued by my predecessor, Mr. Babatunde Raji Fashola. “Whatever it is that we need to do together alongside with the community, we have gotten their commitment that we would join hands together to move this project forward.”
The governor, who said his administration would also look at the Lekki Seaport, which has been idle for about nine years, said that there was no way we would have this Free Trade Zone if the port is not activated. “It needs to be reviewed. My administration will look at it and make sure the port is activated and construction starts immediately,” he said