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Special Economic Zones in the OIC Region:

Learning from Experience

141

5.6

Case Study 5: Lekki Free Zone, Nigeria

5.6.1

Overview and Description

The Lekki Free Zone (LFZ) was designated a Fee Zone in 2008. It is situated in the east of the

commercial hub of Nigeria, Lagos.

The LFZ is part of the overall multi-use development plan for a new city on the Lekki peninsula,

which includes residential, commercial, industrial, logistics and recreational development as

well as a new airport and deep water port.

Each parcel of land in the LFZ is allocated to a developer, after they have been awarded a license

to do so. There is a mix of private developers and joint venture or partnership agreements

involving government organisations. One such joint venture is for the development of the

Southwest Quadrant.

This was initiated by the China Civil Engineering Construction Corp. (CCECC) in 2003. CCECC

had been operating in Nigeria for over a decade by then and therefore had time to formulate a

strategy to help develop a new Fee Zone. In March 2006, a Chinese consortium, CCECCBeiya

(“Beyond”) was set up in Beijing, followed two months later (May 2006) by the establishment of

a partnership between that consortium and the Nigerian government to establish the Lekki Free

Zone Development Company (LFZDC). In November 2007, the Lekki zone won support in the

second Ministry of Commerce of the People's Republic of China (MOFCOM) tender.

The Lekki Free Trade Zone has thus far shown good progress in being an example of cooperation

between different levels of government (federal, state and municipal), as well as international

cooperation, with a large part of the zone being a Chinese-African joint venture.

Figure 36 – Lekki Free Zone

Source: Guardian (2017) Lekki Free Zone. Available from:

https://guardian.ng/business-services/lagos-woos-investors-to-lekki-

free-zone/