Investing in the Zone

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. Advantages of investing in the zone include:

  • 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.
  • No restrictions on hiring foreign employees in the zone
  • Full range of business activities permitted
  • Company registration
  • Tax holiday both state and federal government
  • Permission to sell 100% of manufactured, assembled or imported goods into the domestic market
  • Waiver in all expatriate quotas for companies operating in the zone