Sponsored
Business

Lagos Free Zone, CEVA Logistics Announce Strategic Joint Venture to Enhance Integrated Logistics in West Africa

Sponsored
Sponsored

In line with their shared vision to drive growth and innovation in West Africa, Lagos Free Zone (LFZ) and CEVA Logistics have announced the signing of a Joint Venture (JV) agreement.

This partnership marks a significant milestone in advancing integrated logistics solutions in Nigeria and the broader West Africa region.

The agreement, which has been approved by the Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria, was formally signed recently. CEVA Logistics will hold a majority stake in the newly established joint venture.

This collaboration brings together CEVA Logistics’ extensive global network and expertise with Lagos Free Zone’s strategic location and infrastructure.

The JV establishes the first global logistics leader-operated warehouse within Lagos Free Zone, home to Nigeria’s Lekki Deep Sea Port.

This facility positions importers to seamlessly access West African markets, particularly multinational manufacturers serving the region. Speaking on the strategic joint venture, the Chief Executive Officer and Managing Director, Lagos Free Zone, Adesuwa Ladoja said, “This partnership with CEVA Logistics underscores our commitment to creating a one-stop solution for manufacturing and trade businesses in Nigeria. By integrating Lekki Port, reliable industrial infrastructure, and efficient logistics solutions, we are building a logistics hub for West Africa. Collaborating with CEVA, a global leader in logistics, strengthens our ability to deliver on this vision.”

Ladoja noted that Lekki Port, with its modern infrastructure, serves as a critical entry point for goods entering West Africa.

Importers leveraging the free zone warehouse facilities at Lekki Port will benefit from duty-free exports to the Economic Community of West African States (ECOWAS) markets, creating a streamlined and cost-effective logistics solution.

She added that the advantage is further reinforced by the Lagos Free Zone Green Channel — a Nigeria Customs Service–approved logistics corridor launched in February 2026 that enables cargo to move directly between Lekki Port and Lagos Free Zone in hours rather than days, significantly reducing demurrage costs and giving manufacturers the supply chain predictability needed to compete in time-sensitive regional markets.

In his remarks, the Vice President, Air and Ocean Product at CEVA IMEA, Jean-Baptiste Rambaud, stated, “We are proud to partner with Lagos Free Zone in this strategic venture. Our targeted investments in Nigeria reflect our commitment to providing uninterrupted logistics services to our global clients exporting to West Africa, including ECOWAS. This free zone warehouse is the final piece in creating a seamless logistics journey for goods and products from around the world to West Africa.”

Rambaud disclosed that the partnership will mark a new phase of enhanced logistics solutions, leading to a seamless journey for global trade in West Africa, a region with its dynamic and youthful population that represents a key growth market for global manufacturers, especially in the FMCG sector.

The logistics journey to this region requires a deep understanding of trade lanes, local port operations, and customs procedures.

By combining CEVA Logistics’ global capabilities with Lagos Free Zone’s integrated infrastructure, the JV will enable businesses to focus on their core operations while ensuring a seamless journey for goods from global origins to West African destinations.

Sponsored
Funsho Arogundade

Recent Posts

Chain Reactions Africa Wins Large Consultancy Category, Ranks 3rd In Africa PR Index

Chain Reactions Africa, the Lagos-headquartered independent communications consultancy, has emerged winner of the Large Consultancy…

6 hours ago

Ilaro Chief Imam Returns Late Actor Ogogo’s ₦25m To Family

The family of the late veteran actor Taiwo Hassan, popularly known as Ogogo, has officially…

9 hours ago

Gov Soludo Presents Certificates Of Recognition To Nsugbe & Adazi-Nnukwu Mornachs AS Anambra Moves To Overhaul Community Governance

CHRISTIAN ABURIME Governor Chukwuma Charles Soludo, CFR has declared that permanent peace is a non-negotiable…

10 hours ago

Comrade Dauda, WARDC Advocate Greater Awareness To Prevent Unsafe Abortion Deaths

ADEOLA OGUNLADE    The Executive Chairman of Ikeja Local Government, Comrade Akeem Olalekan Dauda (AKOD),…

11 hours ago

Speculation As Classified Information: Atiku’s $1.2m Lobbying Gamble Exposed

BY SUNDAY DARE  The coordinated media blitz orchestrated around a Washington, D.C. advisory firm is…

11 hours ago

Court Remands Man, 40, In Kirikiri Over Alleged Defilement Of 14-Year-Old In Oshodi

CYRIACUS IZUEKWE  A 40-year-old man, Paul Asunnomeh, was arraigned before a Lagos Magistrate Court over…

11 hours ago
Sponsored