Established in 1948, Tolaram Group is headquartered in Singapore, and has since expanded operations to Nigeria, Estonia, Indonesia, Ghana, India and Dubai.
The Group has a diversified portfolio consisting of manufacturing, marketing & distribution, real estate, infrastructure and power transmission & distribution businesses.
The construction and development activities of LFTZ is being undertaken by Lagos Free Trade Zone Company, a company wholly owned by the Tolaram Group.
Manufacturing interests span packaged foods, paper, floor coverings, textiles and personal care products.
The Group currently employs over 9,500 people. Strategic partnerships and a global network have always been Tolaram Group's strengths and the Group is constantly
seeking new ventures that will reinforce operations worldwide.
For more information, please visit www.tolaram.com
To achieve global brand recognition as the preferred free trade zone providing an enabling environment for investment and efficient solutions to business needs, creating the path to exponential growth in Africa.
To open up the investment, business and tourism potential of Nigeria to emerging markets and the world by stimulating business activities in a sound climate with state of the art infrastructure, technology and support.
Nigeria's first private owned free trade zone, the Lagos Free Trade Zone represents the rapidly increasing economic opportunities within West Africa. With its well-planned development and promotion, the Lagos Free Trade Zone is an investment platform riding on the advantages of strategic location, sound infrastructure,
natural resources and attractive incentives.
- Abundant natural resources such as oil, natural gas, timber, rubber, cocoa, Arabic gum, sesame seeds and fruits from the region
- Affordable labour cost and human resources
- Integrated world-class sea port, extensive road & rail networks and access to modern international airport
- Well-planned industrial zones
- Proximity to the heart of Nigeria's financial & commerial hub of Lagos
- Access to regional emerging markets with over 500 million potential customers
- Juncture of international shipping and air routes
- 100% tax and customs exemptions
- Waiver on licenses and expatriate quota
- Provision for expatriation of profits and dividends
Lagos Free Trade Zone (LFTZ) is a landmark infrastructure project of our Group, as it is poised to contribute significantly to the economy and
society, by benefitting businesses and increasing employment in Nigeria. Upon completion, the zone will consist of a world-class maritime
port and a thriving industrial and commercial centre to serve the largest economy in Africa and beyond.
Aside from our dedicated team working on this project, we have partnered with some of the market leaders from their respective fields,
in the areas of construction, finance, legal and project development, to support us in this venture.
Having successfully achieved several important milestones, from securing the land to creating the master plans to obtaining federal
approval for the Lekki Deep Sea Port,these are huge steps we have made towards the development of the zone. The Lekki Port boasts
of capabilities for container, liquid and dry bulk terminals, and it will be the key gateway between the zone and both domestic and international markets.
We rely on our guiding values of Trust, Respect, Commitment, Courage & Humility to making this a resounding success with your support and collaboration.
Chairman, Tolaram Group
Built within a distance of just 65kms from Lagos, this free trade zone is strategically located to serve the exponentially growing metropolis as well as the promising Nigerian hinterland. With readily available land, the free trade zone has the potential for expansion and the capacity to support a growing economy.
With numerous industrial zones, well-laid plans for efficient operations and established connectivity to regional and international routes, the Lagos Free Trade Zone
is the future destination for international businesses in the region.
Investors and businesses are guaranteed a host of preferential policies and 100% incentives by the Government of Nigeria.
These repatriation, import and operational incentives make the Lagos Free Trade Zone a 100% hassle free business proposition for all.
This landmark free trade zone project for Nigeria began in 2002, after receiving Presidential approval. Over 215 hectares of pristine land was acquired, prepared,
and allocated for development. An avant-garde corporate headquarters has also been built to effectively oversee the development of LFTZ.
In 2012, an additional 590 hectares of land have been acquired, marking the beginning of phase 2. Over the next four years, the zone will see a large-scale development resulting in it becoming fully operational by the year 2018.
Upon appraisal, a Certificate of Registration and subsequently an Operating License is issued.
Applicants should be aware of the following points when applying for an operating license:
Get access to the guidelines that govern all partnerships and investments in the Lagos Free Trade Zone. Our partners and investors can obtain a hardcopy of the official
rules and regulations from our corporate office.
Our prices and fees are subject to change, and the total amount to be paid will vary depending on the type of license and facility selected.
To calculate the price of your package, add together the following:
|Licenses||Oil & Petroleum Operations||15,000||Yearly|
|Services (Exclude Banking)||10,000||Yearly|
(Fabrication Assembly etc)
|Warehousing & Trading||15,000||Yearly|
|Certificate of Registration||Registration Fee||3,000||Once|
|LFTZ Service Fees||Operational Charges||15,000||Quarterly|
Lagos Free Trade Zone (LFTZ) strongly believes that the key priority for a socially responsible business is to develop and maintain strong mutually beneficial relationships
with its community. LFTZ understands the importance of earning the public's trust and places this at utmost priority through it's various activities conducted.
LFTZ continuously supports the neighbouring community by offering industrial trainee positions and jobs to students upon graduation, so that they can develop their careers within the zone.
We are also working towards achieving better-quality local schools and hospitals for the community.
The Memorandum of Understanding (MoU) with the World Toilet Organisation (WTO) was signed in 2012. This partnership was created with the goal of improving
the hygiene and sanitation situation in Nigeria, starting with Lagos.
The first hands-on project has commenced in Lagos, Nigeria, focusing on Promoting Good Sanitation in schools. The project has begun in LFTZ with building blocks of
toilets and providing clean water for students of local public schools.
Lagos Free Trade Zone (LFTZ) has a series of dedicated activities to protect and enhance the environment around the zone.
Environmental Impact Assessment (EIA) studies were being carried out for the land acquired in 2012. EIA studies were also conducted for the land acquired in 2002 and requisite approvals have been received from Federal Ministry of Environment.
The zone gives top priority to Plantation and Horticulture activities with the concept of clean, green pollution-free environment. 9.4 hectares of land is dedicated for
plantation, horticulture and landscaping in the zone.
Below are some of the activities carried out:
Research and studies are also being conducted for the protection of sea animals like turtles, in the surrounding areas of the zone.
For example, a Turtle Management Plan will be prepared with the following objectives: