Lagos Free Zone's Ladoja Advocates Local Manufacturing Shift

At the Nigeria-India Export Summit in Lagos, Adesuwa Ladoja, the Managing Director/Chief Executive Officer of Lagos Free Zone, called for Indian businesses to shift from trading with Nigeria to local manufacturing. She emphasized the importance of developing export-oriented value chains that cater to Nigeria, the broader African market, and global destinations.

Ladoja highlighted the historical relationship between Nigeria and India as a foundation for enhanced economic cooperation, advocating for a focus on investment, manufacturing, and value addition. She stated that sustainable growth requires moving beyond mere commodity exchange to creating products locally.

Ladoja pointed out that Nigeria's market size, natural resources, and access to Africa, combined with India's manufacturing capabilities, present significant opportunities for competitive production. The Lagos Free Zone offers the necessary infrastructure to support this transition.

Puneet Arora, the summit host, noted the event's role in strengthening commercial ties and exploring opportunities in various sectors.