REAL ESTATE : LEKKI FREE TRADE ZONE

INVESTMENT OPPORTUNITY

Lekki Worldwide Investments Limited (LWIL) welcome any investment in the following sectors in Lekki Free Zone.

I. Process Manufacturing and Assembly

Process manufacturing of construction material, furniture, pharmaceuticals, garments, shoes, food, beverage etc.
Assembly of Vehicle, engineering machinery, electronic devices and instruments etc.

II. Commerce and Logistics Industry

Exhibition and trade fair related services
Warehouse and transportation
Oil product and gas storage
Logistics services
Urban services

III. Real estate

Industrial land development for plants, workshops etc.
Commercial and residential land development for exhibition centre, malls, shops, restaurants, petroleum stations, 4S shops for vehicle, hotels, apartment building, office buildings, villas, houses etc.

IV. Services

Banks, financial services
Hotels
Restaurants
Insurances
Tourism service
Entertainment facilities
Medical service
Other services

V. Infrastructure

Power plant
Water plant
Sewage Treatment

The following factors account for why Lekki Free Zone is preferred;

1. Unique Location

It is within the reach of domestic market of Nigeria with a population of over 140 million people.
It also has easy access to the neighbouring countries in West Africa and central Africa with a population of 500 million people. It is within the easy reach of European and American market.

2. Provision of Infrastructure

Good road networks
12 MW of power as initial offtake
Water supply of about 9000m3 /day
Communications
Security system
The new Lekki International Airport
The new Lekki deep sea port

3. Regional Characteristics

Lekki Free Zone is about 50Km from Lagos city centre, 70 Km from the Murtala Mohammed Int’l Airport (MMIA) and 10 Km from the new Lekki Int'l Airport. It is also about 50 Km from Apapa port, West africa’s largest harbour. The new Lekki deep sea port is located right inside the Lekki Free Zone and will be linked by rail and road network to all the commercial states of Nigeria and neighbouring countries.

INCENTIVES

1. Complete tax holiday from all Federal, State and Local Government taxes, rates, customs duties and levies

2. One-stop approvals for all permits, operating licenses and incorporation papers

3. Duty-free, tax-free import of raw materials and components for goods destined for re-export

4. Duty-free capital goods, consumer goods, machinery, equipment, and furniture

5. Permission to sell 100% of manufactured, assembled or imported goods into the domestic Nigerian market

6. When selling into the domestic market, the amount of import duty on goods manufactured in the Free Zone is calculated only on the basis of the value of the raw materials or components used in assembly, not on the finished products

7. 100% foreign ownership of investments

8. 100% repatriation of capital, profits and dividends

9. Waiver on all import and export and exports licenses

10. Waiver on all expatriate quotas for companies operating in the Zones

11. Prohibition of strikes and lockouts