LFZ, Firm Announce Joint Venture to Enhance Logistics in W’Africa

In line with their shared vision to drive growth and innovation in West Africa, Lagos Free Zone (LFZ) and CEVA Logistics have announced the signing of a Joint Venture (JV) agreement. This partnership marks a significant milestone in advancing integrated logistics solutions in Nigeria and the broader West Africa region.

The agreement, which has been approved by the Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria, was formally signed recently. CEVA Logistics will hold a majority stake in the newly established joint venture.

Speaking on the strategic joint venture, the Chief Executive Officer and Managing Director, Lagos Free Zone, Adesuwa Ladoja said, “This partnership with CEVA Logistics underscores our commitment to creating a one-stop solution for manufacturing and trade businesses in Nigeria. By integrating Lekki Port, reliable industrial infrastructure, and efficient logistics solutions, we are building a logistics hub for West Africa. Collaborating with CEVA, a global leader in logistics, strengthens our ability to deliver on this vision.”

Ladoja noted that Lekki Port, with its modern infrastructure, serves as a critical entry point for goods entering West Africa. Importers leveraging the free zone warehouse facilities at Lekki Port will benefit from duty-free exports to the Economic Community of West African States (ECOWAS) markets, creating a streamlined and cost-effective logistics solution.

In his remarks, the Vice President, Air and Ocean Product at CEVA IMEA, Jean-Baptiste Rambaud, stated, “We are proud to partner with Lagos Free Zone in this strategic venture. Our targeted investments in Nigeria reflect our commitment to providing uninterrupted logistics services to our global clients exporting to West Africa, including ECOWAS. This free zone warehouse is the final piece in creating a seamless logistics journey for goods and products from around the world to West Africa.”

Rambaud disclosed that the partnership will mark a new phase of enhanced logistics solutions, leading to a seamless journey for global trade in West Africa, a region with its dynamic and youthful population that represents a key growth market for global manufacturers, especially in the FMCG sector.