Lekki Textile SEZ To Boost Nigeria’s Economy, Create 25,000 Jobs

Epe, Lagos – The Lekki Textile and Garment Special Economic Zone (SEZ), situated in the Eyin-Osa area of Epe, Lagos State, is set to transform Nigeria’s economic landscape. This ambitious project is expected to drive significant growth, both locally and nationally, by generating thousands of jobs and fostering infrastructure development.

Dr. Olufemi Ogunyemi, Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), disclosed on Friday that once the SEZ is fully operational, it will directly create up to 5,000 jobs. Additionally, over 20,000 indirect job opportunities will emerge, benefiting the surrounding community and bolstering the broader economy.

A major milestone in the project’s progression occurred when NEPZA distributed compensation to seven families from the Eyin-Osa community, who had contributed a total of 240.09 acres of land for the project. The compensation is part of the government’s ongoing efforts to ensure local residents share in the development benefits.

Dr. Ogunyemi elaborated on the project’s multiple advantages, which include the creation of local employment, establishment of backward linkages, and the enhancement of surrounding infrastructure. He emphasized that the SEZ aligns with the Federal Government’s Economic Recovery and Growth Plan (ERGP), which aims to attract foreign direct investment while fostering the development of host communities. This is consistent with the current administration’s focus on promoting industrial growth and economic diversification.

The project has also gained the support of local leaders, including Alhaji Muftau Shittu, President of the Eyin-Osa United Kingdom Development Association (EUKDA). Shittu acknowledged the community’s long-standing connection to the land and highlighted the challenges they have faced with land grabbers over the years. However, he expressed confidence that the successful resolution of land acquisition issues and the implementation of the SEZ will lead to long-term prosperity for the community.

With the completion of land acquisition and the distribution of compensation, the Lekki Textile and Garment SEZ is now poised for further development. The project is seen as a crucial step in Nigeria’s efforts to diversify its economy, stimulate industrialization, and create sustainable employment opportunities for its citizens.

Source:- Lagosdaily