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The Federal Government has acquired 200 hectares of land in the Lekki Free Trade Zone, Lagos, to establish a building materials hub, as announced by the Minister of Housing and Urban Development, Mr. Ahmed Dangiwa, during a tour of industrial areas in the Lekki and Lagos Free Zones on August 28, 2025.
The Lagos Free Zone, part of the broader Lekki Free Trade Zone ecosystem, integrates with the Lekki Deep Sea Port, forming a key commercial hub.
Dangiwa’s tour included inspections of housing projects, industries, building materials testing laboratories, the deep sea port, Alaro City, Lagos Coastal City, and other developments.
He emphasized that the hub aligns with President Bola Tinubu’s Renewed Hope Agenda to reduce construction costs and deliver affordable housing.
The initiative aims to promote local content, curb escalating material costs, boost domestic production, and ensure sustainable housing nationwide.
Similar hubs are planned for each of Nigeria’s six geopolitical zones.
The minister, guided by Mr. Adeniyi Akinlusi, Managing Director of Lekki Worldwide Investments Ltd., praised the company for its contributions and for providing a strategic site for the hub.
During his visit to Alaro City, Dangiwa commended its sustainable building efforts, noting their alignment with the government’s public-private partnership (PPP) strategy to address Nigeria’s housing deficit.
Dangiwa highlighted that the hub, supported by intermodal transport infrastructure like seaports, airports, rail, and roads, will enhance efficiency.
An investor has already been secured for the project, which is expected to reduce Nigeria’s housing deficit by boosting local production of building materials, cutting reliance on imports, and creating jobs.
The minister noted that businesses in the zone are driving economic growth, with residential areas emerging to support infrastructure like ports and airports.
“We are pleased some houses here have already been acquired by off-takers,” he said.
Akinlusi, during the tour, described the 16,500-hectare Lekki Free Trade Zone as “Nigeria’s best-kept investment secret,” designed to stimulate growth, reduce imports, attract investment, create jobs, and boost housing.
Industry leaders showcased power plants, manufacturing sites, and new projects, highlighting their role in the zone’s economic impact.
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