Indian companies should develop new products tailored for Nigeria: LFZ CEO

Lagos Free Zone (LFZ) CEO Adesuwa Ladoja on Monday said there is an opportunity for Indian companies to develop new products tailored for the Nigerian as well as the broader African markets.

LFZ is a port-based industrial zone (850 hectares) in Lagos, Nigeria, with over USD 2.75 billion committed FDI projects to date.

"We are owned and promoted by Tolaram Group and located in Lekki, the sun rise development corridor in Lagos," Ladoja told PTI.

According to her, Tolaram Group has observed that having a local presence in Nigeria allows companies to better understand and adapt to the Nigerian market, leading to more profitable operations.

"This is an opportunity for Indian companies to develop new products tailored to the Nigerian and broader African markets," Ladoja said.

She said LFZ is serving global brands like BASF, Tata International, Kellogg's, Colgate, Arla, Dufil, Lekki Portamong among others as their current tenants.

"We are ideally positioned to serve the manufacturing se