At an official signing held in Lagos on Friday, IFC's regional director for Central Africa and English-speaking West Africa announced a $50 million capital investment in the Lagos Free Zone Company (LFZ) to support industrial growth and economic diversification in Nigeria.

L'investissement vise à soutenir the development and expansion of Nigeria's first deep-water port based in the Lagos Free Zone. According to Dahlia Khalifa, the investment was designed to fill critical infrastructure gaps, attract local and global businesses, and contribute to Nigeria's economic diversification agenda. For her, the funds would support the first phase of the 860-hectare Lagos Free Zone by focusing on land development, industrial facilities and logistics infrastructure. According to him, with a Nigerian economy expected to grow by 3.7% by 2026, infrastructure investments were essential to ensure sustainable growth

According to the information, “once fully occupied, the Lagos Free Zone is expected to create around 30,000 direct, indirect, and induced jobs, while contributing significantly to Nigeria's gross domestic product (GDP) upon completion. This investment reflects IFC's commitment style="font-family: "Bookman Old Style”, serif"> to foster inclusive economic growth and sustainable development in Nigeria.” The director also said that “this investment is part of the ongoing economic reforms in Nigeria and the IFC strategic frameworks style="font-family: "Bookman Old Style”, serif">which give priority to economic diversification, the development of competitive clusters and investments in infrastructures that are resilient to climate change.”