Who is Lekki Worldwide Investments Limited?
LWIL duly registered company, set-up by LASG as an SPV to promote and manage the development of the Lekki Free Zone Project.
What are the Responsibilities of LWIL?
- Manage the commercial interest of LASG by developing businesses and fostering Joint Venture partnership that aligns with LASGs economic development goals, within the Lekki Free Zone.
- Ensuring efficient land administration, optimization & utilization, in the Lekki Free Zone.
- Interface, and maintain mutually beneficial / collaborative relationship between Lekki Free Zone host communities, LASG MDAs and investors.
- Ensure compliance with regulatory requirements, Memorandum of Understanding, executed between LASG and Host Communities.
- Address social and environmental concerns within the Lekki Free Zone.
Is LWIL a Government Agency or Private Company?
LWIL private limited liability company owned by LASG.
Can you tell me the difference between LFZDC, Alaro City and LWIL
- Lekki Free Zone Development Company FZC (LFZDC) and Alaro City FZC are Joint Venture companies responsible for developing different segments of the Lekki Free Zone.
- While LWIL is an SPV responsible for ensuring the development of the entire Lekki Free Zone, for and on behalf of LASG.
What Is Lekki Free Zone
Lekki Free Zone is an area measuring approximately 16,500 Hectares, designated by the NEPZA for the establishment of a Special Economic Zone, in Nigeria.
What is the Size of the Lekki free Zone?
Approximately 16,500 Hectares.
Do you sell Land at Lekki Free Zone?
We lease land to promote and support the development of the Lekki Free Zone in line with applicable regulations.
Do you sell residential property?
Residential properties are developed and sold within the North West Quadrant, managed by Alaro City FZC.
What are the Various Investment opportunities that are available at Lekki free zone
- Manufacturing Sectors- Light and Heavy Industries.
- Oil and Gas Sector.
- Real Estate Sector- Offers Commercial Office spaces and Warehouses.
- Infrastructure Development- Power Plant, Gas Station, water treatment plants, dry bulk jetties, truck parking facilities.
What is the process of setting up a business in Investment at Lekki Free Zone?
- Submit Application or Proposal Letter and corporate profile to Lekki Worldwide Investments Ltd.
- Undergo assessment process to ensure compliance with regulatory requirements. i.e. ensuring that proposed activity or venture is permitted by NEPZA.
- Fulfill regulatory requirements. i.e. pay applicable fees, rate or charges, such as registration fees, lease rate etc.
- Commence Venture.
What are the benefits for investors in the Lekki free Zone?
- Tax benefits- exemption from corporate tax, VAT, custom duties and expatriate quotas.
- Regulatory Benefits- streamlined licensing and permitting processes. Flexibility in ownership structure. Simplified regulatory environment. No foreign exchange controls.
- Operational Benefits- 100% foreign ownership allowed. No restrictions on repatriation of profits. Proximity to Seaport. Increased efficiency and productivity.
- Proximity to large markets.
- Opportunities for Joint Ventures and Partnerships.
- Access to specialized industry clusters.
What is the Available Infrastructure in the Lekki Free Zone?
- Deep Seaport.
- Secured and efficient utilities such as Power, Water, Security, Telcom etc.
- Good road network.
Can Small and Medium Scale Enterprises (SMSEs) establish a business in the Zone? ANS
Yes, SMSE's can establish a business in the Lekki Free Zone.
Do Lagos State Has plan to establish SMSEs at the Zone?
Possibly, through LWIL.
Is there any Employment Opportunities in the Lekki Free Zone?
Yes.
Is there any plan for Lagos State Government to organize International Trade Fair at the Lekki Free Zone in the future?
Yes.
Who do l contact if I want to Invest in the Lekki Free zone?
LWIL
don’t hesitate to ask
Any Other Question?