TY Logistics Park FZE Opens Grade-A Facility in Lekki Free Zone
LAGOS, NIGERIA — Lagos State Governor Babajide Sanwo-Olu has officially inaugurated a major new logistics facility—the TY Logistics Park FZE—a project owned by former Minister of Defence, General Theophilus Danjuma (rtd).
The newly commissioned logistics hub, located within the Alaro City area of the Lekki Free Zone (LFZ), is touted as a facility that will redefine how goods move across the West African sub-region.
A Four-Year Vision Comes to Life
The unveiling ceremony, held on Monday at the TY Logistics FZE Logistics Park, marks the culmination of a four-year strategic vision to transform regional trade infrastructure.
The facility is characterized as a Grade-A free zone contract logistics facility. This classification signifies that the park adheres to the highest international standards in terms of quality, design, and operational efficiency, offering modern warehousing, supply chain management, and handling services.
The location within the Lekki Free Zone provides the park with significant operational and fiscal advantages, including customs duty exemptions, simplified import/export procedures, and unrestricted foreign currency repatriation. This integration into the LFZ is key to the facility’s goal of becoming a central node for regional and international trade logistics.
The park is expected to enhance Nigeria’s position as a gateway to West Africa by providing the infrastructure necessary for efficient, high-volume handling of goods, thereby reducing supply chain bottlenecks and supporting economic growth.
