By Busola Bamidele The International Finance Corporation (IFC) has committed up to $50 million in equity investment to the Lagos Free Zone Company, supporting the first phase of the 860-hectare project. This phase will focus on land development,… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader IFC invests $50M in Lagos Free Zone to boost industrial growth By Busola Bamidele on February 15, 2025 By Busola Bamidele The International Finance Corporation (IFC) has committed up to $50 million in equity investment to the Lagos Free Zone Company, supporting the first phase of the 860-hectare project. This phase will focus on land development, industrial facilities, and logistics infrastructure. Lagos State Governor, Babajide Sanwo-Olu, shared the development on his official X handle, applauding the IFC's commitment to Nigeria's industrial growth. He emphasized that the investment would accelerate economic activities in the state, attract more global investors, and create jobs for Lagosians. Read also: IFC invests $50M in Lagos Free Zone to boost industrial growth How to calculate profit as a small business owner SMEDAN, partners strengthen ICSS curriculum for MSME growth SMEDAN backs 100 young entrepreneurs in bag-making What has a customer/client done that has frustrated you? Strategically connected to the Lekki Deep Sea Port, the Lagos Free Zone aims to enhance Nigeria's global trade integration and solidify its position as a key industrial hub. The IFC's investment addresses infrastructure challenges, unlocking new business opportunities and reinforcing Nigeria's economic strength.

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