IFC Invests in Lagos Free Zone to Support Industrial Growth and Economic Diversification in Nigeria
Feb 10, 2025
New Delhi [India], February 10: IFC has announced an equity investment of up to $50 million in Lagos Free Zone Company to support the development and expansion of Nigeria's first deep- sea port-based, private special economic zone, the Lagos Free Zone. This investment is designed to address critical infrastructure gaps, attract local and global businesses, and contribute to Nigeria's economic diversification agenda.