The Bank of Industry (BOI) has partnered with the Lagos Free Zone Company (LFZC), developed by Tolaram, in a strategic move designed to strengthen Nigeria’s industrial base and enhance export capacity.
As part of the collaboration, BOI becomes a strategic investor in LFZC, which operates a free trade zone offering world-class infrastructure for businesses. The partnership aims to establish a dedicated MSME hub within the zone, giving micro, small, and medium enterprises access to enhanced infrastructure, logistics, and export opportunities via the Lekki Deep Sea Port.
Dr. Olasupo Olusi, MD/CEO of BOI, stated that the initiative will enable Nigerian MSMEs to scale operations, compete globally, and contribute meaningfully to economic growth. He described the partnership as a pivotal step in strengthening Nigeria’s industrial ecosystem.
Echoing this, Mrs. Adesuwa Ladoja, MD/CEO of LFZC, said BOI’s involvement validates the company’s vision and will help unlock new avenues for Nigerian businesses to expand their export potential.
The collaboration highlights Nigeria’s commitment to economic diversification, supporting manufacturing, non-oil exports, and entrepreneurship. By providing an integrated ecosystem for businesses, it is expected to drive industrial growth, create jobs, and enhance global competitiveness for Nigerian enterprises. Visit www.jocomms.com for more news.