NewsExpress banner Firstbank Verve banner Fidelity bank card banner Umm Sulaim's Thoughts Camano banner

Lekki Free Trade Zone: Lagos tasks investors on community engagement to secure investments

By News Express on 14/11/2016

Gmail icon

Views: 2,024

The Lagos State Government at the weekend charged investors in the Lekki Free Trade Zone (LFTZ) corridor to step up their Corporate Social Responsibilities (CSR), to the host communities as that is one of the ways to secure the multi-billion dollars investment in the corridor.

The Government said the administration of Governor Akinwunmi Ambode was passionate about the investment in the corridor as it is the future hub of commerce and industry in Africa.

Executive Director, Finance and Administration, Lekki Worldwide Investments Limited, Popson Jaiyesimi who spoke at a three-day workshop on “Communication and Team Skills in Effective Interfacing on Community Service and Relations” for Stakeholders in the LFZ communities at the La Campagne Beach Resort, Lekki, Lagos, said CSR had become so critical that it could not be neglected by investors willing to secure their investments.

“We have a strategic plan to move Lekki Worldwide Investments limited forward and one of the things we identified is how to get the investors and the communities talking and we decided that there should be a workshop of information sharing between the investors and the communities. We are just the moderators.

“The governor is quite keen on this project because Lekki Free Trade Zone is the future of Nigeria businesses and it is a product of research. The fundamental thing is to make sure that there is security and it comes when the communities are walking in tandem with the investors.

“This is to keep them talking because when you keep the people around the table, they share their fears and sometimes, you find out that it is just miscommunication as there is no issue at all,” he said.

Jaiyesimi added that the state government had understudied the Niger Delta crisis and what led to the agitation, saying that government would find a way out to address the needs of the people in Lekki in order to ensure the projects in the area were not truncated.

“We have found out that we need to get it right, because we have multi-billion dollars investments in that corridor and government has spent so much money in compensation and investment in the corridor. We are interested in knowing what the investors are putting down as Corporate Social Responsibilities to the communities,” he said.

Jaiyesimi stressed that coordinated effort of all stakeholders in matters of CSR was required to ensure that the goal of the Lagos megacity was achieved, thereby guaranteeing prosperity for investors and communities.

“Numerous research findings have shown that CSR requires communication and teamwork for effective interfacing and relationship with host communities; guaranteeing safety and security for business,” he said.

He added that community development projects through CSR must meet people’s hierarchy of needs for lasting appreciation and goodwill, saying that impact assessment was a requirement for sustainability of any community project.

Jaiyesimi stated that government had done a need assessment of the communities and found out that what was paramount among their needs was employment for their children by the investors, but lamented that in some cases their children were not qualified for the jobs.

According to him, conscious efforts should be made by the investors to educate and train children from the host communities on the skills and competency they needed to be gainfully employed in their establishments.

Also speaking, Gokil Rajan, Operational Head, Lekki Free Trade Zone said that part of its CSR to the communities was in the area of ensuring health, hygiene and sanitation, saying that the organisation had reduced open defecation in schools through construction of toilets.

He stated that the lives of about 10,000 students had been touched while 36 schools in the Lekki corridor had been provided with toilets which had helped in curbing open defecation.

Group General Manager, Corporate Relations, Dangote Oil Refining Company Limited, Yinka Akande, said the importance of community keying into investors’ projects in Lekki could not be over-emphasised as any investor willing to make impact must relate with the host communities in order to secure the project.

He said failure to cooperate with the host communities could impede the project, with the investors losing large chunks of their investments.

A community leader in the area, Ayodele Olayinka said the over 200 communities in the Lekki corridor fully supported government’s effort to develop the LFTZ as it would impact positively on the lives of people in the area.

Olayinka, who is the Chairman, Abomiti Zone in Parcel ‘B’ however, appealed to the state government to give them the land which had been earmarked for them after they were made to relinquish their original land, while describing the LFTZ development as a laudable project.



Source News Express

Posted 14/11/2016 05:22:40 AM





You may also like...
Onitsha school principal speaks on student stoned to...

Adamawa sensitises public to antics of suicide bombers...

Umahi reshuffles cabinet

Nigeria spends $4.2bn on wheat import annually

Man attacks police headquarters with knife, kills 4...

NUC reviews university curriculum

Dakuku Peterside calls for conservation of marine ecosystem...

Thugs beat up Oshiomhole, others

Lecturer renounces Nigerian citizenship; writes Buhari

Programme boosts number of births registered in Nigeria...

Okowa, Jonathan, Obi, Oshiomole, others bid Anenih goodbye...

CBN set to inject more dollars into the...


Latest News BREAKING! Pandemonium in Awka as Vigilante chief shot dead •Residents scamper for safety Nnamdi Kanu’s lawyer sues police, demands N2bn compensation FG freezes Sahara Reporters' bank account Police arrest four persons for shooting herdsman in Ogun Soldiers kill robbery suspects in Aba Boko Haram fighters killed as NAF launches ‘Operation Rattle Snake’ Security: Lagos to build new control centre, install over 2,000 cameras – Sanwo-Olu One dead, many injured as trailer crushes several vehicles in Abuja Banks that denied Smart loans are queuing up to offer him money since he got in the Senate Sex worker brings python into court Senate asks FG, States, LGs to declare emergency on unemployment Kogi launches emergency transport scheme for pregnant women


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (571,262 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (456,363 views) Shameless Genevieve Nnaji exposes breasts in public (406,265 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (341,333 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (307,637 views) 10 cars more expensive than Jets (291,927 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (261,205 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (260,242 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (241,662 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (228,212 views) Lagos plane crash: Journalist releases victims’ names (203,902 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (200,308 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (111) Business & Economy (4,619) Business Verdict (89) Columnists (1,156) Complaints & Requests (97) Enterprise & Opportunities (221) Entertainment (717) Features (855) Global Business Monitor (497) ICT Monitor (73) International (4,319) Interview (219) Live Commentary (30) Love Matters (178) Maggie's Blog (514) News (55,125) Opinion (1,438) Pidgin (18) Politics (11,873) Religion (1,133) Sports (2,253) Stock Watch (41) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera