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Lagos free trade zone welcomes another company

The Lagos Free Trade Zone continues to witness steady growth both in investment and infrastructure development.

The company with a dream of being an ‘investment safe’ place has announced a recent addition to the zone, United Concrete and Construction Company LFTZ enterprise (UCCE). The company specializes in the general construction of concrete, structural steel, roofing, interior, mechanical and electrical works.

According to Kundan Sainani, spokesperson for Lagos Free Trade Zone, “A lot of construction work is presently going on at the site and it’s a positive development to have a construction company in Nigeria at this period, we believe this will help the pace of work and ensure speedy completion of our projects.”
United Concrete and Construction Company will also be involved in other projects outside the zone, offering its services such as rentals of its heavy duty equipment to companies. It’s projected to become fully operational by 2012 and promises to employ about 200 Nigerians at this time of massive unemployment in the country.

With this latest addition, the number of companies licensed to operate within the Lagos Free Trade Zone now stands at six. Viva Methanol Limited is an anchor tenant at the site. Its Methanol plant, upon completion, will have an annual capacity of 2.5m tonnes of methanol. Port@Lekki, which is being developed by Lagos Free Trade Zone, is another key project located within the zone. When fully developed, the deep sea port will be capable of handling all types of cargo including containers, liquid and dry bulk.


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