Tinubu lauds Tolaram on IFC's $50 million equity investment in Lagos Free Zone

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Tinubu lauds Tolaram on IFC's $50 million equity investment in Lagos Free Zone

//business-finance.news-articles.net/content/202 .. illion-equity-investment-in-lagos-free-zone.html

Published in Business and Finance on Tuesday, February 11th 2025 at 5:40 GMT by Nairametrics
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

President Bola Tinubu has commended Tolaram Group for its role in attracting a $50 million equity investment from the International

President Bola Tinubu has commended Tolaram, a Singapore-based conglomerate, for its significant investment in the Lagos Free Zone (LFZ), following the International Finance Corporation's (IFC) $50 million equity investment. This investment aims to enhance infrastructure and attract more businesses to the zone, thereby boosting economic growth and job creation in Nigeria. Tinubu highlighted the importance of such investments in driving economic diversification, improving the business environment, and fostering sustainable development. The LFZ, managed by Tolaram, is part of a broader strategy to make Lagos a hub for trade and investment in West Africa, with the IFC's involvement signaling strong confidence in Nigeria's economic potential.

Read the Full Nairametrics Article at:
[ https://nairametrics.com/2025/02/11/tinubu-lauds-tolaram-on-ifcs-50-million-equity-investment-in-lagos-free-zone/ ]

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