KNAUF GROUP INTERNATIONAL (GERMANY) SET TO BUILD A $70M FACTORY IN IBEJU LEKKI, LAGOS, NIGERIA.

I was privileged to be the Solicitor on site with my Client Chief Tony Peters Onyeakusi to receive Mrs. Isabel Knauf , The Group MD, Knauf Group International, Germany, as she arrived Nigeria for site inspection, building Contract signing and commencement of the project for the Proposed $70M(Seventy Million United States Dollar) FACTORY to be situated within the Free Trade Zone axis,(IBEJU LEKKI LGA,LAGOS.)

I recalled sometime last year, Sept 24th, 2015 precisely, when the German Ambassador, Mr. Michael Zenner, led a group of German diplomats and investors on a courtesy visit to The Executive Governor of Lagos State, Gov. Akinwunmi Ambode at the Lagos House, Alausa, Lagos.

Mrs. Isabel Knauf solicited the support of the Governor towards locating a $70 Million Dollars building and construction tools manufacturing company in Lagos.

She said that the preference for Lagos was informed by it’s proximity to ports, availability of gas pipeline and ready market.

The Ambassador, canvassed for increased presence of German businesses in Lagos and to improve bilateral trade relations with the state government.

To God be the Glory, the visit of Sept  24th, 2015 has finally come to be. Knauf  Group International (Germany)  is now fully set to commence construction of its factory in IBEJU LEKKI, LAGOS.

Let me use this opportunity to extend an invitation to other Multinationals and International companies in Europe, America, United Kingdom, Middle East and Africa who are yet to consider Lagos (IBEJU LEKKI) as the next hub for investment to take the advantage now.

Lagos is the economic hub of Nigeria and the state pride itself as the largest of the nation’s economy with the Gross Domestic Product (GDP) of $131billion.
For any foreign company that wants to do business in Nigeria, Lagos is your best bet.

Lagos State is the 5th largest economy in Africa, thereby making it investor’s first choice of destination in Nigeria. Lagos is committed to the rule of law and the Governor will assure you of a safer and secured environment.

I therefore personally volunteer at a NO COST to support, assist and facilitate for any willing investor(s) that wants to invest in Lagos, to make the process seamless just as witnessed by Knauf  Group International (Germany). All you need to do is to send me an email with your proposal to ibejulekkilawyer@gmail.com copy, princejoelesq@yahoo.com or call +234 803 486 9295.

My law Firm (Prince Joel & Associates) is a leading Commercial law Firm based in Lagos, Nigeria, and we have been at the forefront of development in Legal practice in Nigeria and have continuously rendered sound technical legal services tailored to clients’ needs, both local and international. Through the feedbacks from our clients, we are a reliable partner and trusted counsels in various transactions.

There has been a rapid and ongoing developmental progress in the area called Ibeju-Lekki and the Free Trade Zone axis. The area is the main focus of Lagos state government and other investors for development and also a place of limitless opportunities where investors invest in, with the believe of great business opportunities. Many individuals from various parts of the country and around the globe are dwelling, working, putting resources and investing in this area. The area additionally pulls in a huge measure of tourism as it is blessed with wonderful lagoon and exquisite sea fronts.

Some of the massive and major developmental projects in Ibeju-Lekki are:

 

THE DANGOTE PETROCHEMICAL REFINERY:

Ibeju-Lekki is the host community for the world acclaimed and largest refinery called DANGOTE GROUP’S REFINERY AND PETROCHEMICAL PARK. The $12 billion project would be completed in the first quarter of 2019. The refinery has the capacity to refine 650,000 barrels per day. Besides the economic gain of the refinery, which is of great importance to Lagos state and Nigeria, the refinery is an economic boost that will put Ibeju-Lekki on the chart of every investor around the globe.

The gas pipeline to the refinery runs from Bonny through Ogedegbe, Olokola down to Lekki and Escravos, Lagos pipeline and the West African Gas Pipeline that is inaccessible and not prone to vandalisation or sabotage.

Being that the refinery is integrated with a petrochemical plant, a fertilizer plant and a subsea pipeline project, it is said that by all projections, it is the largest in the world. It has been described as an incredible industrial undertaking, possibly, the largest and most ambitious on the continent.

This project would create some 235,000 jobs both direct and indirect, and would not only boost the economy of Lagos and Nigeria but also Ibeju-Lekki with its multiplier effect.

LEKKI DEEP SEA PORT:

The Lekki deep sea port is a $1.65 BILLION project that will transform Lagos Nigeria and its host community Ibeju-Lekki into an economic global recognition. It was revealed that the   Seaport would be the deepest seaport in West Africa and second in Africa after South Africa deep port, additionally, the port would create more jobs and attract investment worth over $25B [Twenty-five Billion Dollars]. This project is expected to be fully operational in 2018. The Port at Lekki will be able to handle around 6 million TEUs of containers, together with a significant volume of liquid and dry bulk cargoes. The port will have three container berths equipped to handle more than 1.8 million TEUs, one berth for dry bulk and two berths for liquid cargo.

The Lekki Deep Sea Port, which is located in the heart of the Lagos Free Trade Zone (LTFZ) will have a project capacity of 2.7 million TEUs per annum.

THE NEW INTERNATIONAL AIRPORT:

Undoubtedly, one of the important projects of any country in the world is the country’s international airport, because it is a place of first point of call to foreigners. The new international airport is a multi-billion Naira project located in the Ibeju-Lekki/Lekki Free Trade Zone, LFTZ of the state.

The $450million Lekki international airport which is currently undergoing development is situated at about 10km from Lekki Free Trade Zone (LFTZ)on a 3,000 hectares of land on the Ibeju-Lekki axis, the airport was designed to cater for wide-body, double-deck, four engine aircraft which have capacity for up to 500 seats, such as the Airbus A380 making it a Code F compliant airport with capacity for two million passengers per annum for a start. This airport will attract and drive urban development and tourism into the Ibeju-Lekki axis of Lagos State.

 

THE FOURTH MAINLAND BRIDGE:

The 4th Mainland Bridge is also an ongoing project that will complement the 3rd Mainland Bridge, the essence of this is to cater for the massive shift of development coming into Ibeju-Lekki area and would go a long way to boost the economy of the generality of Nigeria and investors.

The fourth mainland bridge will run from Ajah to Ikorodu, Isawo, Ojodu, Ikeja and connecting back to the Ibadan expressway with the 3rd Mainland Bridge.

WORLD CLASS PARK:

The Lagos State Government has commenced work on the construction of a Metropolitan Park on a 5-hectares parcel of land at Ayeteju in Ibeju-Lekki, along the Lekki-Epe Expressway. The proposed recreational park will serve the general population of Ibeju-Lekki and its environs. When it is completely finished, it will be the biggest and greatest publicly owned park in sub-Saharan Africa, and will include a small zoo, playing zone of youngsters, wellness Center, multipurpose amusement court, and different features.

LAKOWE GOLF COURSE:

Lakowe Lakes is in Ibeju-Lekki Local Government Area, It forms part of the larger  “New Lagos” development project, which  has been intended to be a fully integrated, self-sustaining municipality. Lakowe Lakes Golf and Country Estate is an exclusive 308-hectare residential development set within a scenic countryside around an 18-hole world-class golf course. The estate provides premium plots to house residences detached and townhomes, and corporate lodges. It will include requisite amenities, such as a clubhouse, halfway house, golf academy, and recreation center amongst others, all complete with first class infrastructure. Additionally, the estate offers an array of lakes, of which the spectacular 55-hectare man-made lake is the main feature.

It was, however, no surprise to me when one of the richest and leading company in Germany secured a vast land for their factory at Ibeju-Lekki. Smart investors are trooping into this area at a very high rate to secure land and property for business and personal purposes.

This is a call for local and international investors to invest in land and property in Ibeju-Lekki. This is the time to make a wise investment choice, do not be left out in this great opportunity. Invest in Ibeju-Lekki now.

For more information on this article and other issues, you can send us a mail at ibejulekkilawyer@gmail.com. Do not hesitate to speak with Ibeju Lekki lawyer on any land issues. Call on 08034869295, 08020550410