The Lagos Free Zone Company has entered into a strategic partnership with the Bank of Industry (BOI) to accelerate the growth of Micro, Small, and Medium Enterprises (MSMEs) and boost Nigeria’s non-oil export capacity.
Eko Hot News reports that the partnership positions BOI as a key investor in the Lagos Free Zone, with a focus on developing a dedicated MSME hub within the zone to support export-oriented businesses.
The collaboration is designed to provide MSMEs with access to world-class infrastructure, efficient logistics, and a conducive business environment to enhance competitiveness in global markets.
A major advantage of the partnership is the integration of MSME operations with the Lekki Deep Sea Port, enabling seamless export logistics and reduced turnaround time for goods.
During an inspection of facilities within the zone, the Managing Director and Chief Executive Officer of the Bank of Industry, Dr. Olasupo Olusi, said the investment aligns with BOI’s mandate to support enterprise growth and national economic transformation.
He noted that the partnership would enable MSMEs to scale operations, improve productivity, and compete more effectively at the international level.
Also speaking, the Managing Director and Chief Executive Officer of Lagos Free Zone Company, Mrs. Adesuwa Ladoja, described the collaboration as a validation of the company’s long-term vision for industrial and export development.
She stated that BOI’s involvement would unlock new opportunities for Nigerian businesses seeking to expand their export footprint.
The partnership is expected to strengthen Nigeria’s industrial ecosystem by supporting MSME-led manufacturing and export activities.
Stakeholders believe the initiative will further position the Lagos Free Zone as a globally competitive industrial and logistics hub.
The collaboration marks a significant step toward diversifying Nigeria’s economy through increased non-oil exports and MSME empowerment.
