Norton Rose Fulbright advises Lagos Free Zone Company on equity investment by IFC

Global law firm Norton Rose Fulbright has advised Lagos Free Zone Company (LFZ) on a US$50 million equity investment by the International Finance Corporation (IFC).

The investment will support the development and expansion of Nigeria’s first deep seaport based in the 860-hectare Lagos Free Zone. The first phase of this will focus on land development, industrial facilities, and building climate-resilient logistics infrastructure.

The facility, owned by Singapore’s Tolaram - a diversified multinational group with operations across Africa, Asia, and Europe - will provide an integrated industrial ecosystem.

The Norton Rose Fulbright team was led by London-based corporate partner Bayo Odubeko who was assisted by associate Gillian Jaravaza.

Bayo Odubeko commented:

“We were delighted to support our client LFZ on a strategic and significant investment by IFC which will promote the ongoing diversification of Nigeria’s economy and support LFZ in the creation of a significant trading hub in West Africa.”

Norton Rose Fulbright has a market-leading, highly successful and long-established, global Africa practice. The team regularly advises on transformative and high-profile infrastructure transactions and investments across the continent.