Lagos, Nigeria, 24 November 2023: Tata International is poised to broaden its operational footprint in Nigeria through a strategic alliance with the Lagos Free Zone (LFZ). The signing ceremony, attended by key representatives from Tata International, Tolaram, and LFZ, took place in the LFZ area and marked a significant milestone in the company’s dedication to the region.
Managing Director of Tata Africa Holdings Pty Ltd, Len Brand, signed the agreement in the presence of Anand Sen, Managing Director of Tata International Limited. This move reinforces Tata International’s commitment to the African continent, where it has been a significant economic contributor for over four decades. Since establishing operations in Nigeria in 2006, Tata International has upheld Tata’s core values, emphasizing ethical business practices and corporate social responsibility.
Anand Sen, MD of Tata International, expressed the brand’s excitement about joining the Lagos Free Zone, stating, “This strategic move reflects our commitment to fueling growth in Nigeria and the wider African continent.”
Promoted by Tolaram, LFZ is situated in Lekki, the designated industrialization corridor marked by the Lagos State Government for the next two decades. The agreement involves leasing a state-of-the-art 6000-square-meter facility within LFZ, enhancing Tata International’s operational capabilities in the region.
Len Brand, MD of Tata Africa Holdings, emphasized, “The participation in Lagos Free Zone is the next level of commitment for Tata International’s longstanding presence in Nigeria and the African continent as a whole.” He further highlighted the collaboration with Tolaram as a dedication to fostering economic growth and increased competitiveness in the region.
The signing ceremony signifies a new era in the relationship between Tata International, Tolaram, and LFZ, aiming to contribute to economic development in the region and attract new investors to Nigeria, recognized as one of the key economies in the continent.
Len Brand concluded, “Tata International remains steadfast in its vision to build and sustain relationships in Africa. The company’s entry into the Lagos Free Zone reaffirms its commitment to creating opportunities and making a positive impact on local communities.”
Navin Nahata, a member of the Tolaram Board and the Managing Director of its infrastructure and fintech business, expressed delight in Tata International’s decision to expand operations in Nigeria through LFZ. He stated, “We are committed to supporting the next phase of growth in Nigeria for Tata International.”
Dinesh Rathi, CEO and Managing Director at Lagos Free Zone, highlighted LFZ as the first and only free zone in Nigeria uniquely integrated with the deepest seaport in the region, the Lekki Port. He emphasized LFZ’s offering of a unique location that provides tenants with seamless and cost-efficient access to domestic, regional, and international markets. The LFZ’s integration with the Lekki Port, which commenced operations in April 2023, adds to its attractiveness as a strategic business location.
In conclusion, Tata International’s expansion into LFZ represents a pivotal moment in its commitment to Nigeria and the broader African continent. The collaboration with Tolaram and the strategic move to lease a facility within LFZ underscore Tata International’s dedication to fostering economic growth, innovation, and specialization in the region. The ceremony not only solidifies existing relationships but also paves the way for increased economic opportunities, making a positive impact on local communities and contributing to Nigeria’s position as a key player in the African economy.
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