Lekki Free Zone And Lagos’ Economic Potential

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Lekki Free Zone

By Bolaji Odumade

Lagos derived its name from a Portuguese explorer, Rui de Sequeira as a result of because of its many lagoons. Until the abolition of slave trade, Lagos played host to the exportation of millions of slaves, thus making it a beehive of trading activities. With the abolition of slave trade by the British government, Lagos eventually became a massive economic centre as well as an entry/ exit point for British political and trading exploits in Nigeria. In-spite of its small size, Lagos became the source of modern civilization in Nigeria. Moreover, the return of freed slaves who came from Freetown, Sierra Leone, Brazil, West Indies and other parts of the world marked the beginning of modern day commerce in Lagos. The cosmopolitan nature of Lagos contributed to its rapid growth in terms of economy and political influence.

The event leading to the…



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