The Bank of Industry (BOI) has partnered with the Lagos Free Zone Company (LFZC), developed by Tolaram, in a strategic move aimed at strengthening Nigeria’s industrial base and enhancing export capacity.
As part of the collaboration, BOI has become a strategic investor in LFZC, which operates a free trade zone offering world-class infrastructure for businesses. The partnership seeks to establish a dedicated MSME hub within the zone, providing micro, small, and medium enterprises with access to improved infrastructure, logistics, and export opportunities through the Lekki Deep Sea Port.
Speaking on the initiative, the Managing Director and Chief Executive Officer of BOI, Dr Olasupo Olusi, said the partnership would enable Nigerian MSMEs to scale their operations, compete globally, and contribute significantly to economic growth. He described the collaboration as a major step towards strengthening Nigeria’s industrial ecosystem.
Similarly, the Managing Director and Chief Executive Officer of LFZC, Mrs Adesuwa Ladoja, said BOI’s involvement validates the company’s vision and would help unlock new opportunities for Nigerian businesses to expand their export potential.
The partnership underscores Nigeria’s commitment to economic diversification by supporting manufacturing, non-oil exports, and entrepreneurship. It is expected to drive industrial growth, create jobs, and enhance the global competitiveness of Nigerian enterprises.
Discover more from Rootedscope Media
Subscribe to get the latest posts sent to your email.
