Global law firm Norton Rose Fulbright has advised Lagos Free Zone Company (LFZ) on a US$50 million equity investment by the International Finance Corporation (IFC).
The investment will support the development and expansion of Nigeria’s first deep seaport based in the 860-hectare Lagos Free Zone. The first phase of this will focus on land development, industrial facilities, and building climate-resilient logistics infrastructure.
The facility, owned by Singapore’s Tolaram – a diversified multinational group with operations across Africa, Asia, and Europe – will provide an integrated industrial ecosystem.
The Norton Rose Fulbright team was led by London-based corporate partner Bayo Odubeko who was assisted by associate Gillian Jaravaza.
Bayo Odubeko commented:
“We were delighted to support our client LFZ on a strategic and significant investment by IFC which will promote the ongoing diversification of Nigeria’s economy and support LFZ in the creation of a significant trading hub in West Africa.”
Norton Rose Fulbright has a market-leading, highly successful and long-established, global Africa practice. The team regularly advises on transformative and high-profile infrastructure transactions and investments across the continent.
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