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IFC Invests $50 Million in Lagos Free Zone to Boost Trade - InsideBusiness - Business News in Nigeria

Summary by InsideBusiness - Business News in Nigeria
The International Finance Corporation (IFC) has announced a $50 million equity investment in the Lagos Free Zone Company (LFZ) to support the expansion of the Lagos Free Zone (LFZ), enhancing trade and industrial development in Nigeria.   The funding will be directed towards the first phase of the 860-hectare project, aiming to bridge infrastructure gaps, attract both local and international businesses, and drive economic diversification. The in…
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newbusinessethiopia.comnewbusinessethiopia.com

IFC invests $50 million in Lagos Free Zone Company – New Business Ethiopia

The International Finance Corporation (IFC) has announced an equity investment of up to $50 million in Lagos Free Zone Company. The investment is aimed at supporting the development and expansion of Nigeria’s first deepsea port-based, private special economic zone, the Lagos Free Zone. This investment is designed to address critical infrastructure gaps, attract local and […]

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Sea News Global Maritime NewsSea News Global Maritime News

$50 million investment in Nigeria’s first deep-sea port

To enhance industrial growth and diversify the economy in Nigeria, the International Finance Corporation (IFC) has announced an equity investment of up to $50 million (over £40 million) in the Lagos Free Zone Company. This investment aims to support the development of Nigeria's first deep-sea port-based private special economic zone, paving the way for critical

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InsideBusiness - Business News in NigeriaInsideBusiness - Business News in Nigeria

IFC Invests $50 Million in Lagos Free Zone to Boost Trade - InsideBusiness - Business News in Nigeria

The International Finance Corporation (IFC) has announced a $50 million equity investment in the Lagos Free Zone Company (LFZ) to support the expansion of the Lagos Free Zone (LFZ), enhancing trade and industrial development in Nigeria.   The funding will be directed towards the first phase of the 860-hectare project, aiming to bridge infrastructure gaps, attract both local and international businesses, and drive economic diversification. The in…

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Africa Sustainability MattersAfrica Sustainability Matters

IFC invests in industrial growth and climate action in Nigeria and Egypt - Africa Sustainability Matters

The International Finance Corporation (IFC) is intensifying its commitment to Africa’s economic transformation through strategic investments in industrial infrastructure and climate initiatives. In Nigeria, IFC has pledged up to $50 million to bolster Lagos Free Zone, aiming to enhance the country’s industrial landscape. Simultaneously, IFC is collaborating with Commercial International Bank (CIB) in Egypt to facilitate decarbonization efforts a…

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Africa Sustainability Matters broke the news in on Monday, February 10, 2025.
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