Lekki Free Trade Zone (Lekki FTZ) is a free zone situated at the eastern part of Lekki, which covers a total area of about 155 square kilometres. The first phase of the zone has an area of 30 square kilometres, with about 27 square kilometres for urban construction purposes, which would accommodate a total resident population of 120,000. According to the Master Plan, the free zone will be developed into a new modern city within a city with integration of industries, commerce and business, real estate development, warehousing and logistics, tourism, and entertainment.
Lekki FTZ is divided into three functional districts; the residential district in the north, industrial district in the middle and commercial trading/warehousing & logistics district in the southeast. The “sub-centre” located in the south of the Zone is to be developed first. The region is close to the customs supervisory area, and it is mainly for commercial trading, logistics and warehousing operations. The second phase is located in the north of the Zone adjacent to E9 Road (Highway) which will serve as central business district of the free zone. The area along E2 Road will be developed for financial and commercial businesses, estate properties & supporting facilities, high-end production service industries and so on, which will link it to the sub-centre the Zone. The area along E4 Road will be utilized mainly for the development of logistics and industrial manufacturing/processing. A number of connection axes are also planned in-between the principal axis and the sub-axis, with multi-functional service nodes to serve the whole of Lekki FTZ.
In the start-up area of the Lekki Free Trade Zone, there will be a Commercial & Logistics Park which will cover a total area of 1.5 square kilometers. The Park is planned to be multi-functional with the integration of commerce, trading, warehousing, and exhibition. According to the Site Plan of the park, large construction works will be built in the park, including the “international commodities & trade centre”, the “international exhibition & conversation centre”, industrial factory workshops, logistics warehouses, office buildings, hotels and residential apartment buildings, among others.
(Write-up credit – Wikipedia.com)