By Anozie Egole
The Lagos Free Zone has emerged the best free trade zone in West Africa at the just concluded West African Brands Excellence Awards held in Lagos.
Announcing this in a statement on Wednesday, the free trade zone said that the award was conferred on LFZ during an event organised by the Institute of Brand Management of Nigeria.
It added that the event was organised to recognise extraordinary achievements by businesses in the year under review across the sub-region.
The convener of the award, who is also the Deputy Registrar, IBMN, Ifeoma Emeka, explained that LFZ was selected as the winner in the category following a rigorous and in-depth evaluation of nominees by the jurors.
She noted that the choice of Lagos Free Zone as Best Africa Trade Zone was undisputed, “given that it has become a big vehicle for promoting economic development in Nigeria and West Africa, especially with the influx of new businesses and increased economic activities within the Ibeju-Lekki axis.
She said that LFZ was a great vehicle for foreign direct investment needed to drive economic development.
“In the last few years, the zone has provided a sense of reassurance for investors by offering incentives and world-class infrastructure that would help them to achieve good returns,” she said.
Also, the Chief Executive Officer of Lagos Free Zone, Dinesh Rathi, stated that the honour underlined the growing profile of the company as the best destination for investment not only in Nigeria but in West Africa as a whole.
Rathi added that the award was a testament to the commitment of the entire team to contribute towards the economic prosperity of the subregion. source; punch news
