FACTS ABOUT LEKKI FREE ZONE (LFZ)
Lekki Free Zone (LFZ) comprises 16,500 hectares to the southeast of the city of Lagos, two peninsulas of infinite opportunities bounded by the Lekki lagoon and the Atlantic Ocean. The free zone was launched in 2004 as a vehicle to fully utilize the investment and tourism potential of Lagos.
Lekki is a new city under development that will operate in accordance to best international practices. It is also one of the fastest developing urban areas with an annual economic growth of 16.8%. The Lekki free zone is a multi-use facility with zones for oil and gas, industry, manufacturing, business & financial, media centres, commercial, real estate, recreation and tourism.
The proposed land use master plan for the LFZ subdivides the area into four main quadrants each having its own land use and consequently its own theme. Based on the proposed land use plan, LFZ will be divided into 4 main Quadrants:
- South West Quadrant (SW) - General mixed industries, including light and medium engineering with a large part dedicated for logistics and distribution, potentially serving both the international and national markets. In addition a new special residential area is proposed to the north of the industrial zone, with both low and high-density housing, largely intended for as a leisure and residential resort with tourist facilities
- South East Quadrant (SE) - petro chemical related industries and port facilities, if approved a methanol plant will be located in this area
- North West Quadrant (NW) - general mixed industrial area, including medium and light industrial uses as well as heavy uses. Housing for the workers in the Free Zone area will be provided within this quadrant where residential areas of different densities and house types would be provided to the north and south of the main industrial zones.
- North East Quadrant (NE) - mixed-use urban area as a new waterside town providing a range of employment, commercial, residential, community and recreational uses. It will complement the role of the other three quadrants and act as the city, administrative, business and residential centre for the whole of the FZ.