Olaniwun Ajayi LP (OALP) is pleased to have acted as legal adviser to the International Finance Corporation (IFC) on its $50 million investment in the Lagos Free Zone Company (LFZC). This investment supports the development and expansion of the Lagos Free Zone. The Lagos Free Zone is one of Nigeria’s first deep seaport-based, private special economic zones.
This investment is a significant milestone in advancing Nigeria’s industrial growth and economic diversification. It will enhance infrastructure development. It will attract global manufacturing and logistics players. It will also support the expansion of the Lagos Free Zone as a world-class industrial and commercial hub.
As a key transaction in Nigeria’s industrial sector, IFC’s investment underscores its commitment to fostering inclusive economic growth and sustainable development in Nigeria. This effort also aligns with Nigeria’s broader efforts to strengthen its position as a leading destination for sustainable industrial development. It further positions the country as a prime destination for foreign direct investment.
We expect this partnership to drive economic growth. It will enhance industrial capacity. It will also strengthen Nigeria’s position as a key trade and logistics hub in Africa.
OALP is proud to have provided comprehensive legal support on this landmark deal. We leveraged our deep expertise in mergers and acquisitions. We also applied our knowledge in finance, infrastructure, and corporate transactions. This engagement reflects our commitment to advising on complex, high-impact transactions. It also reinforces our role in shaping Nigeria’s economic landscape and fostering long-term growth