The Managing Director of the Lekki Free Zone Development Company, Dai Shunfa, has expressed optimism about Nigeria’s investment climate, saying the country remains a promising destination for business despite existing challenges and negative international perceptions.
Shunfa stated this on Tuesday in Lagos during an interactive session with journalists who visited the Lekki Free Zone. He noted that while issues such as infrastructure gaps, bureaucratic bottlenecks, and security concerns persist, Nigeria’s vast market potential and ongoing economic reforms continue to attract global interest.
According to him, the Lekki Free Zone stands as a practical demonstration of Nigeria’s capacity to host large-scale international investments, given its thriving industries, strategic location, and supportive government policies.
“Nigeria’s population, natural resources, and position as Africa’s largest economy make it an inevitable destination for investors who think long term,” Shunfa said.
“Challenges exist in every developing nation, but what matters is the direction of progress — and Nigeria is clearly moving forward.”
He explained that the management of the Lekki Free Zone remains committed to creating a business-friendly environment that encourages both local and foreign investors.
The company, he added, is working closely with government agencies to streamline processes, improve infrastructure, and ensure security within the zone.
Shunfa also commended the federal and Lagos State governments for their continued support, citing the ongoing expansion of the Lekki Deep Sea Port and the Lagos Free Zone as examples of Nigeria’s growing industrial transformation.
He urged investors and the international community to look beyond the stereotypes and focus on the country’s strong fundamentals and emerging opportunities.
“The narrative about Nigeria should not only be about challenges but about potential — and that potential is enormous,” he said.
