Lekki Free Trade Zone and FOALY Industrial Free Trade Zone Co., Ltd. signed a memorandum of cooperation. Lekki Free Trade Zone Development Company General Manager Huang Xigong, Deputy General Manager BALOGUN, Company Director Dai Shunfa, Commercial Director Zeng Xiangpei and FOALY Director Mr. YELE OLADUNNI and Mrs. OLABISI OBODE signed a memorandum of cooperation. The company will produce cereals and snacks in the free trade zone, and plans to start production next year.

In the context of economic globalization, the Chinese government has put forward a "going global" strategy with a foresight, encouraging powerful companies to go abroad, look at the world, and explore overseas businesses. In November 2006, at the China-Africa Cooperation Summit, Chairman Hu announced One of the eight measures for Africa, three to five economic and trade cooperation zones will be established in Africa within three to five years to strengthen cooperation with Africa. Keywords: engineering construction, engineering news

The Lekki Free Trade Zone in Nigeria is one of them. The proposal of this concept has won a strong response and warm welcome from the governments and people of African countries. The establishment of the Lekki Free Trade Zone is conducive to upgrading Nigeria’s industrial level, creating jobs, increasing taxation, and conducive to the in-depth development of China-Africa cooperation and achieving mutual benefit and win-win results.Editor/XingWentao