In an effort to attract Dutch investors to the Zone, the Lagos Free Zone, a Tolaram subsidiary and the country’s first privately held free zone, recently hosted a group from the Dutch Consulate, led by Consul General Michel Deleen.
On Wednesday, July 12, 2023, the Chief Executive Officer of the Lagos Free Zone, Dineshi Rathi, welcomed the delegation to the area and urged Dutch investors to take advantage of the special opportunities and incentives offered.
He was represented by the General Manager of Power and Gas, Lagos Free Zone, Prem Krishna.
He claimed that the region features a number of investment-friendly incentives meant to attract investors and enable them to thrive while doing business in Nigeria.
He stated that the Zone is positioned to become a catalyst for Nigeria’s economic success with the incorporation of Lekki Deep Sea Port, which has begun commercial operations in April 2023.
“Setting a shop in the zone offers you a variety of lucrative business advantages.
We have a wide range of resources and supportive infrastructure that would help your company succeed and ensure significant profits,” he said.
He added that for investors who want to do business within the Zone, there are numerous fiscal and non-fiscal incentives available.
“These advantages include the chance to live, work, and play, a cost-effective and dependable power source, access to international markets, and tax breaks,” he said.
The goal of the visit, according to the general consul of Netherlands, Michel Deleen, is to observe firsthand the scope of investment potential in the region.
“Based on what we have seen thus far, we are really impressed and can definitely invite investors from our country to come and invest in Nigeria.”
We’ve been able to talk about the potential of looking at Dutch businesses that would be interested in setting up manufacturing operations in Nigeria thanks to coming to the Zone.
He emphasized the need for the company and Nigeria to market the prospects offered at the zone much more, particularly given that the Africa Continent Free Trade Agreement is expected to go into effect soon.
“The proposal just needs to be made public in order to be presented to possible investors who wish to produce in Nigeria for the markets of Nigeria and ECOWAS, especially in light of the implementation of the African Continental Free Trade Agreement,” he claimed.
