Lekki Free Trade Zone: Lagos State Master Plan
The Lekki Free Trade Zone covers approximately 30 square kilometers in total, with 27 square kilometers set aside for urban development. The area is approximately 50 kilometers from the city center of Lagos, Nigeria’s commercial capital, and it borders the Lekki Lagoon to the north and the Atlantic to the south.
Lekki FTZ was established to facilitate the integration of industry, trade, business, warehousing, logistics, tourism, entertainment, and real estate development. The International Commodities & Trade Centre, the International Exhibition & Conversation Centre, industrial factories, office buildings, hotels, and other projects will be undertaken in the Commercial & Logistics Park.
The deepsea port at Lekki would be one of the most advanced in the world and will allow for warehouses to store millions of trade goods. The addition of a nearby refinery will, of course, make the zone a key energy export hub.
According to plans, the port will create over 162,000 employment and aid in decongestion at Nigeria’s other ports, which were built to handle 60,000 tonnes of cargo but now handle over 100,000 tonnes.