<h1>IFC Invests $50M in Lagos Free Zone to Boost Nigeria's Industrial Growth, Create 30,000 Jobs, and Enhance GDP</h1> IFC has committed up to $50 million to the Lagos Free Zone Company to boost Nigeria's industrial growth and economic diversification. This investment will aid the development of the 860-hectare zone, focusing on infrastructure and logistics, and is integrated with the Lekki Deep Sea Port. The initiative aims to create around 30,000 jobs and significantly contribute to Nigeria's GDP. The project aligns with Nigeria's economic reforms and IFC's strategic frameworks, emphasizing sustainable development and climate-resilient infrastructure. The zone, owned by Tolaram, hosts several major brands and aims to enhance Nigeria's global market competitiveness.