Lagos Free Zone showcases alternatives on the eleventh German-Nigeria Enterprise Discussion board in Lagos
Lagos Free Zone, the primary privately-owned free zone in Nigeria, is positioned to assist German companies with their progress journey in Nigeria and throughout the West African area.
The Chief Govt Officer, Lagos Free Zone, Mrs. Adesuwa Ladoja, disclosed this whereas delivering her goodwill remarks on the eleventh version of the German Nigerian Enterprise Discussion board (GNBF) titled ‘Constructing Efficient Partnership for Profitable Enterprise Growth’ held in Lagos on Monday, October 7, 2024.
L-R: Marketing consultant and Technical Crew Lead on Local weather Change and Renewable Power, Osun State Authorities, Prof.Chinwe Obuaku; Particular Adviser, Local weather Change and Round Economic system to Lagos State Governor, Mrs. Titi Oshodi; Delegate, German Trade and Commerce in Nigeria, Mr. Bastian Lidzba; Chief Govt Officer, Lagos Free Zone, Mrs. Adesuwa Ladoja; Deputy Ambassador, Embassy of the Federal Republic of Germany to Nigeria, Mr. Johannes Lehne and President, Nigerian-German Chamber of Commerce, Mr. Igbuan Okaisabor in the course of the eleventh version of German-Nigerian Enterprise Discussion board titled ‘Constructing Efficient Partnership for Profitable Enterprise Growth’ and held in Lagos immediately.
Mrs. Ladoja acknowledged that Lagos Free Zone supplies a complete ecosystem for companies to maximise alternatives with minimal threat. In accordance with her, it stays the one free zone in Nigeria that’s built-in with a deep sea port and geared up with world-class infrastructure and services that may assist companies thrive.
Acknowledging the truth that LFZ stays a strategic associate dedicated to the prosperity of German companies in Nigeria going by the commerce quantity between the 2 international locations estimated at $3 billion in 2023, she cited a traditional instance of the fruits of this long-standing relationship in BASF whose funding at Lagos Free Zone demonstrates how corporations can leverage the ecosystem for strategic progress.
“By establishing operations within the Free Zone, BASF enhances its aggressive edge whereas aligning completely with Nigeria’s ambitions for industrialisation and {economic} diversification,” she mentioned.
She went on encourage potential buyers to see Nigeria not merely as a market, however as a strategic launch pad for his or her subsequent section of progress.
Describing Tolaram, Lagos Free Zone’s dad or mum firm, as one of many early movers in Nigeria, the CEO of Lagos Free Zone defined that the conglomerate has unlocked numerous progress alternatives in Nigeria’s manufacturing and infrastructure sectors with twenty profitable client manufacturers and two transformational infrastructure tasks already in place.
Noting that elements similar to native presence and localised worth chain, long-term dedication, and empowered administration had been key to buyers and companies thriving within the Nigerian market, she suggested buyers to cease seeing Nigeria solely as a commerce or export vacation spot, however a spot to develop a robust native presence and a stronger provide chain to handle enter and output logistics to allow sustainable success.
Citing the instance of Tolaram, which has 20,000 staff in Nigeria, with every enterprise unit authorised to make choices independently, she emphasised the necessity for companies to be run by empowered administration, stating that doing so would allow the group to answer the evolving dynamics of the market.
“Investing in Nigeria shouldn’t be merely about tapping right into a market or making fast beneficial properties. It’s about forging a long-term partnership for creating immense mutual worth,” she added.
She famous that such a discussion board stays essential in fostering collaboration and connecting German corporations with the correct alternatives for progress.
In the course of the panel session titled “Agribusiness, Meals Manufacturing and Processing,” the CEO of Lagos Free Zone additionally reiterated the necessity for buyers to reap the benefits of the alternatives, stating that the Zone had to date attracted about USD2.75 billion in funding from totally different components of the world.
The panel session had a formidable line-up of audio system that included the Honourable Commissioner for Agriculture, Lagos State, Ms. Abisola Olusanya, Govt Director, Chi Farms, Johannes Flosbach, Founder, Gartner Calaway, Yomi Williams, Knowledgeable, Afos Basis, Dietmar Speckmaker amongst others.
