President Bola Tinubu on Wednesday commended the International Finance Corporation for its recent $50m equity investment in the Lagos Free Trade Zone.
He described this as a symbol of the growing trust of global financial institutions in Nigeria’s economic direction under his administration.
Tinubu conveyed his message through a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, titled, ‘President Tinubu commends IFC’s Investment in Lagos Free Zone.’
The investment falls under the Tolaram initiative to support the development and expansion of Nigeria’s first deep-sea port-based, private special economic zone.
Tinubu emphasised that such strategic partnerships reinforce the country’s position as a prime destination for foreign direct investment and industrial growth.
He explained, “The expansion of the Lagos Free Zone is critical to our vision of positioning Nigeria as the gateway for trade and investment in West Africa and across the continent.
“This investment by the IFC not only strengthens Nigeria’s industrial base but also demonstrates the growing confidence of international investors in our economic policies.
“With improved industrial and logistics infrastructure, we are creating an integrated ecosystem that will accelerate exports, attract more investment, and enhance our global competitiveness.”
