The Chief Executive Officer of the Lagos Free Zone (LFZ), Mrs. Adesuwa Ladoja, has promised to continue the strategic alliance with the Bank of Industry (BOI) to drive the development of the Zone.
Ladoja made this commitment during a recent tour of LFZ’s facilities in Ibeju Lekki, Lagos, with the management team of BOI.
While applauding the Bank of Industry for its instrumental role in the Zone’s growth, Ladoja expressed eagerness to continue the partnership to realize its vision. She stated that with BOI’s support, the Zone would be empowered to build more infrastructure, motivating prospective clients and manufacturers to invest in the industrial park.
She highlighted that the provision of ready-to-lease infrastructure, such as the pre-built plug-and-play factories at LFZ, would enable investors to avoid the costs of setup and regulatory approvals.
“From our early days, BOI has been instrumental in establishing our plants and industries. We hope they will continue to support us, especially in developing ready-to-lease warehouses and factories,” she said.
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In response, the Managing Director/CEO of the Bank of Industry, Olasupo Olusi, stated that the agency has a clear mandate to support businesses and investors that can enhance the industrial transformation of the country, which was the reason for the visit to the Zone.
Expressing satisfaction with the quality of the infrastructure at the Zone, Olusi maintained that the agency’s past investments were fully justified.
The Group Managing Director of Tolaram Africa, Haresh Aswani, expressed profound appreciation for the visit and stated that Tolaram would continue to build and sustain the existing relationship with BOI.
Aswani noted that past collaborations had yielded positive results, leading to the establishment of several factories in the Zone.
“First of all, I want to thank the team from the Bank of Industry for visiting us in the Zone. Tolaram and BOI have been working closely for almost 35 years. We hope to continue doing more together, as there is still much work to be done in the country,” he said.
In appreciation of the support received from BOI despite the challenging business environment in Nigeria, he added, “For the last 35 years, they have supported us in building industries.
We have established 25 factories across the country. We thank the team at the Bank of Industry for their faith in us and for their support.”
