The Lagos Free Zone which already has a committed investment of $2 billion is poised to attract an additional $5 billion over the next four years.
Rathi, further explained that the zone, which was established in the year 2012 was being promoted by Tolaram Group, a leading conglomerate in Nigeria – who have already attracted about $2 billion committed investment to the Zone currently. Speaking during the visit, a statement quoted Sanwo-Olu to have lauded the management of the Lagos Free Zone and its promoters – Tolaram Group, for their commitment and investment in the zone which would boost the economy of the state and the nation.
Sanwo-Olu noted that with over $2 billion already committed investment in the zone and the forecast of another $5 billion inflow expected within the next 4 years, the Lagos Free Zone is a key driver for the future of the economy of the state.
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