Frequently Asked Questions

What is the time frame for full development of the first phase?

Between 10 and 15 years

What does an investor stand to gain for investing at the Lekki Free Zone?

There are preferential policies designed to create conducive investment environment in Lekki Free Zone. See incentives in Lekki free zone

 

Are there penalties for selling into the Nigerian Market?

Yes. You will be taxed based on the raw materials used for your production.

 

What is the projected employment generation within the Zone?

The Free Zone is expected to generate nothing less than 20,000 employment opportunities, ranging from skilled labour, semi – skilled labour and unskilled labour.

 

Are there provisions to improve on the existing access roads for easy conveyance of products from the Free Zone?

Yes. New roads are being constructed and new rail tracks will also be constructed to diffuse road congestion within and outside the Free Zone

 

How do you intend to generate power supply for the Free Zone?

Power generation will be through an independent power plant.

 

Are there any restrictions to the quantities of Goods that can be sold in the Nigerian market?

No restriction. You can sell your product 100% to Nigeria market