What does a free trade zone mean?
A Free Trade Zone is an area within which goods may be landed, handled, manufactured or reconfigured, and re-exported without the intervention of custom authorities, meaning "no customs issue, charges, tax etc,
It is a region where a group of countries have agreed to reduce or eliminate trade barriers, with the main objective being to enhance foreign exchange earnings, develop export-oriented industries and generate employment opportunities for the host country.
Lekki Free Trade Zone was started during the administration of former Governor of Lagos state, Bola Ahmed Tinubu. His successor, Babatunde Fashola, continued the project and now the present governor,
About the Trade zone Lekki Free Trade Zone covers a total area of about 155 square kilometres in Ibeju Lekki Local Government Area, This zone has been designed to become a new Lagos and has been granted a series of preferential policies and incentives, and designated as a special economic zone inside Nigeria.
Lekki Free Trade Zone155 square kilometres> will provide an ideal platform to open up diverse market for all investors and enterprises in the world. It will be a unique landmark of the future development of Lagos state and Nigeria as a whole
Lekki Free Trade Zone is Facing the Atlantic Ocean in the south and bordering with Lekki Lagoon in the north, which makes it easy to access the Western African market of about 300 million population and the European and USA market with a population of about 600 million.
By having great transportation conditions both by Land, Sea and Air as well as its unique geographical and regional advantages, the zone serves as the best springboard for any investors and enterprises who desire to open up to markets all over Africa, Europe and the USA.
Because of all this The Zone is fast attracting local and foreign investors. The largest oil refinery in Africa, a fertilizer plant, petrochemical plant and a sub-sea gas pipeline project is under serious construction by African richest man, Alhaji Aliko Dangote, and valued at $17 billion.
According to World Bank Report, it listed Lekki Free Trade Zone as the fastest growing free zone in the world. How does this affect your property
With the Lekki Free Trade Zone already listed as the fastest growing free trade zone in the world, it means the population is increasing, businesses are looking at establishing in, around or close to the trade zone, schools, hospitals, attraction centers and owners of properties situated around and within those areas have set them selves in the right position to sip from the holy grail of cash-flow.
With the owning a land near this zone, you can choose to resell in few months of years time to a more increasing demand at high value return, you can build to rent/let, you can choose to build and live but which ever investment strategy you choose, its a "never go wrong" once in many years type of deal. we must have all heard the "i wish i did" type of sentence. that means 'it never feels right, hearing it only encourages sympathy and pity which for smart investors like you and i, never want to hear.. we've never needed anyone's sympathy or pity cause 8 out of 10 times, we do the right thing.."yes, we do"
Our Oasis county Epe is being sold at 1.5Million for a plot, it was 900,000 two months ago..well a month ago! you run the math.
Set up an appointment with us to inspect the land, meet with us cause thats all you have to do going forward.
Book an appointment with us today