420 likes | 1.35k Views
LEKKI FREE TRADE ZONE LAGOS, NIGERIA. . LEKKI WORLDWIDE INVESTMENTS LIMITED. OBJECTIVES OF THE LEKKI FREE TRADE ZONE PROJECT. To fully utilize the investment, business and tourism potential of Lagos State, an initiative was taken to establish the Lekki Free Trade Zone
E N D
LEKKI FREE TRADE ZONELAGOS, NIGERIA. LEKKI WORLDWIDE INVESTMENTS LIMITED
OBJECTIVES OF THE LEKKI FREE TRADE ZONE PROJECT • To fully utilize the investment, business and tourism potential of Lagos State, an initiative was taken to establish the Lekki Free Trade Zone • To create a model city/mega-industrial city to cater for the increasing commercial and social activities in Lagos State which holds a tenth of Nigeria’s population of 140million • To develop an overseas economic zone as a global business paradise to attract international and local investments, through trade and export promotion • Creating and encouraging backward images and integration with foreign partners • To create an economic platform to facilitate the inflow of Foreign Direct Investment (FDI) of; • Effective and efficient Technology • Capital • Information Technology • Knowledge base
Situated on a land area of 16,500 hectares, Lekki Free Trade Zone is located in the Lekki Peninsula, southwest of Lagos, Nigeria. It is bordered on the South by the Atlantic Ocean and, on the North by Lekki lagoon. The Ibeju-Lekki area is a new city under development in Lagos State, with an annual economic growth rate at 16.8%. The Lekki Free Trade Zone is to thrive in production, manufacturing, processing, sales, import & export trade. Heavy Industry; Automobile components manufacturing Light industries; Home appliances and electronics Textile and garment Agriculture and by-products processing; Oil and gas Shipping and logistics Research and development Commerce and trade Real estate Tourism Entertainment, Sports and leisure. THE LEKKI FREE TRADE ZONE AT A GLANCE
ABOUT LAGOS • Lagos is the economic, financial and trade hub of Nigeria and West Africa. • Located in the southwest of Nigeria and along the Atlantic Ocean, covering an area of 3,345 square kilometres and has a coastal line of 200 kilometres. • Population of over 13million people: • Classified as one of the “Mega-polis” of the world, and certainly one of the metropolitans equal to the size of Sao Paulo in Brazil, and Bangkok in Thailand. • Accommodates over 95% of financial institutions in Nigeria, and most multinationals operating in Nigeria • About 60% of Nigeria’s industrial and commercial establishments are based in Lagos • Accounts for 90% of Nigeria’s foreign trade, • Accounts for 80% of total imports, and 70% of industrial investments in Nigeria. • Commerce remains the hallmark of Lagos, with the potential to transform the development of the whole West African sub-region, thus this gives the impetus to establish the Lekki Free Trade Zone, a regional economic necessity in the most boisterous and economically active city in West Africa.
LEKKI WORLDWIDE INVESTMENTS LIMITED (AN INVESTMENTPROMOTION AGENCY AND MANAGER OF THE LEKKI FREE TRADE ZONE, LAGOS, NIGERIA) LEKKI WORLDWIDE INVESTMENTS LIMITED
PROFILE OF LEKKI WORLDWIDE INVESTMENTS LIMITED Incorporated in Nigeria, March 2006 as a Limited liability company A special purpose vehicle (SPV) to promote plan and coordinate various stakeholders, in developing the Lekki Free Trade Zone. Total share capital 10million Naira Number of shares 10million ordinary units Value of shares 1 Naira each Company can alter share capital by an ordinary resolution LWIL has the legal right to borrow: Issue debentures Charge uncalled capital Issue other securities LEKKI WORLDWIDE INVESTMENTS LIMITED
OUR INVESTMENT STRATEGY: Ensuring the co-ordination of a strategic development pattern, through building a sustainable partnership with investors, project developers and financiers to realize the investment potentials of the Lekki Free Trade Zone; Enter into separate joint venture agreements with other local or international companies’ enterprises to facilitate development of the Lekki Free Trade Zone; LWIL will make investments of its own within the zone, and acquire and develop property for profit within the zone; To engage from time to time in other business ventures as may be considered profitable; OUR INVESTMENT FOCUS AT LWIL: The focus at LWIL is to create a dynamic environment which guarantees safety of investments vis-à-vis adequate returns on investment, in a socially responsible way beneficial to all stakeholders. As a broad based investment vehicle, LWIL has adopted a dynamic investment focus to achieve its broad objective through the following amongst others; LEKKI WORLDWIDE INVESTMENTS LIMITED: “REDEFINING THE ART OF INVESTMENT” LEKKI WORLDWIDE INVESTMENTS LIMITED
PLANNED INFRASTRUCTURAL FACILITIES IN THE LEKKI FREE TRADE ZONE. • Planned construction of: • Airport and Sea port • Gas power plant • Water plant • Sewage treatment plant • Standardised workshops • Roads • Security • Fencing wall • Police station • Fire service
PROJECTED INFRASTRUCTURE COST PHASE 1 LEKKI WORLDWIDE INVESTMENTS LIMITED
COMPETTIVE ADVANTAGES OF THE LEKKI FREE TRADE ZONE • Access to the largest consumer market in Africa with over 500million potential customers in both Nigeria and surrounding countries • Access to Nigeria’s abundant natural resources such as oil, natural gas, timber, rubber, cocoa, Arabic gum, sesame seeds, fruits, etc. • Favourable geographical and ascendant location to the Atlantic ocean from where to export products to the rest of Africa, the Middle East, Europe and Americas’ • Modern transportation infrastructures; airport, rail network and seaport. • A financial hub for overseas financial transaction • Designated to be West Africa’s tourism and leisure hotspot.
PREFERENTIAL POLICIES AND INCENTIVES TO INVESTORS • 100% foreign ownership of investment and joint venture entities allowed in the zone • 100% repatriation of capital, profits and dividends out of Nigeria • Import or export licenses not required by enterprises operating in the Zone • Customs duty-free and no quota restriction for all imported raw material products, machinery & equipment, consumer goods as well as any other goods for investment projects in the zone • No strikes and lock-outs permitted in the Zone
PREFERENTIAL POLICIES AND INCENTIVES TO INVESTORS • 100% of the finished products manufactured, assembled or produced in the zone can be sold into the Nigerian domestic market • Exemption from all taxes, customs duties and levies from the Federal, state and Local governments on raw-materials imported into the zone • No quota on products exported from Lekki Free Trade Zone to the European Union or the United States • Goods manufactured in Nigeria are entitled to preferential tariffs in the EU, as Nigeria is a member country of the Lome convention
ADEOYE AUSTEN-PETERS SENIOR MANAGER MARKETING, LEKKI WORLDWIDE INVESTMENTS LIMITED, TELEPHONE: +234 (01) 7755616 E-MAIL : adeoyeausten_peters@yahoo.com 5. OLUMIDE ASHAJU SENIOR INVESTMENT MANAGER, LEKKI WORLDWIDE INVESTMENTS LIMITED, TEL: (+234) 802 208 2080 EMAIL: ashajuou@yahoo.co.uk 6. KOLA TAIWO SENIOR MANAGER PLANNING RESEARCH & STRATEGY. LEKKI WORLDWIDE INVESTMENTS LIMITED, TEL: (+234) 805 524 0420 EMAIL: kmtaiwo@gmail.com LEKKI WORLDWIDE INVESTMENTS LIMITED, 47/49 SINARI DARANIJO STREET, VICTORIA ISLAND, LAGOS, NIGERIA TELEPHONE: +234 (01) 2799140 FAX : +234 (01) 2799140 E-MAIL: lwil.lftz@gmail.com T.A.B DISU MANAGING DIRECTOR, LEKKI WORLDWIDE INVESTMENTS LIMITED, TEL: (+234) 803 330 7153 EMAIL: boladisu@hotmail.com Y. AKINLUYI (MRS). GENERAL MANAGER ADMINISTRATION, LEKKI WORLDWIDE INVESTMENTS LIMITED, TEL: (+234) 803 408 3375 CONTACT: