A new Grade-A logistics facility called TY Logistics Park just opened inside the Lekki Free Trade Zone, and CEO Arno van der Merwe thinks it might actually fix Nigeria's absolutely busted supply chain system that bleeds around $1.7 billion every year. The park sits close to both the airport and the Lekki Deep Seaport, and it bundles five separate logistics functions under one roof while letting companies store stuff in the free zone without paying duties until they actually move goods into the market.
Van der Merwe pointed out that clearance times hit three weeks, and companies are spending as much on moving products as they do buying them in the first place. The facility covers 100,000 square meters with high-spec warehouses, and it already handles some operations for the Dangote Refinery.
The park targets pharmaceuticals, automotive, tech, and consumer goods sectors while offering zero corporate taxes and full repatriation rights for businesses inside the zone. If this model works, it could pull back cargo that currently gets diverted to ports in neighboring countries and actually lower costs for everyone.
Van der Merwe pointed out that clearance times hit three weeks, and companies are spending as much on moving products as they do buying them in the first place. The facility covers 100,000 square meters with high-spec warehouses, and it already handles some operations for the Dangote Refinery.
The park targets pharmaceuticals, automotive, tech, and consumer goods sectors while offering zero corporate taxes and full repatriation rights for businesses inside the zone. If this model works, it could pull back cargo that currently gets diverted to ports in neighboring countries and actually lower costs for everyone.
