Nigeria’s over 200 million consumers. In turn, Nigerians will have access to affordable, domestically produced consumer goods produced by Nigerian workers,” Pierangelo said during a recent visit to the LFZ.
Accordingly, she pointed to several examples of direct investments from the United States to the African nation, including Kellogg Tolaram Nigeria Limited. According to the Consul General, since the creation of the joint venture between the US-based Kellogg Company and Tolaram Africa based in Lagos, in 2015, the American multinational food manufacturer’s dedication has been exemplified by its increased investment in Nigeria over the past few years.
She further noted that her office is thrilled to see Kellogg’s lead being followed by American consumer products company Colgate Palmolive, which is expected to set up a manufacturing plant in the LFZ. “As we just saw, the Lagos Free Zone and the future Lekki Deep Sea Port represent strides forward for the business community in Nigeria. We applaud the efforts of Tolaram Group and partners for their dedication to this substantial undertaking,” Pierangelo added.
Meanwhile, sharing his views regarding the subject, LFZ’s chief executive Dinesh Rathi noted that with unparalleled infrastructure, a 350 million strong West-African market and a host of fiscal incentives, the zone is ready to attract more investments from the United States. He added that the LFZ is the ultimate destination for industrial investment in Nigeria, as well as the sub-region of West Africa.
“Lagos Free Zone is a catalyst to fast track industrialization and for sustainable economic development not just for Lagos state but Nigeria as a whole. We believe this zone is the right investment destination every investor should look into given the unlimited opportunities that abound,” he said.
Image caption: Left to Right: Prem Krishna, Head Marketing at Lagos Free Trade Zone; Jennifer Woods, Commercial Counselor, of U.S. Mission in Nigeria; U.S. Consul General Claire Pierangelo; Mr. Dinesh Rathi, CEO of Tolaram Group; Dipo Faulkner, President, American Business Council during the Consul
