{
  "id": 12997628,
  "title": "Nigeria-India Export: LFZ Calls for Shift from Trading to Local Manufacturing",
  "url": "https://urgent.news/2026/10/09/nigeria-india-export-lfz-calls-for-shift-from-trading-to-local",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T01:13:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/09/nigeria-india-export-lfz-calls-for-shift-from-trading-to-local-manufacturing/"
  },
  "original_language": "en",
  "account": "The Lagos Free Zone (LFZ) has advocated for a shift from trading to manufacturing in Nigeria, urging Indian businesses to invest more deeply in local manufacturing and develop export-oriented value chains. At the Nigeria-India Export Summit in Lagos, the LFZ's Managing Director/CEO, Adesuwa Ladoja, called for a new phase of economic cooperation between Nigeria and India, emphasizing the importance of investment, manufacturing, and value addition in future trade. While energy remains crucial to their relationship, Ladoja stressed that sustainable growth requires both nations to move beyond exchanging commodities and create locally produced goods and value. She noted that Nigeria's market size, natural resources, and proximity to the African continent, coupled with India's manufacturing and technological prowess, offer opportunities to build competitive production and export value chains. Ladoja highlighted that Lagos Free Zone, with its integrated platform and infrastructure, supports manufacturing, trade, and exports, enabling businesses to create competitive products while retaining more value within Nigeria. Puneet Arora, the summit's host, emphasized the importance of strengthening commercial ties and exploring opportunities in trade, infrastructure, agriculture, market access, and investment between the two countries. He pointed out that sustainable export growth hinges on bolstering supply chains, fostering investment, and nurturing enduring commercial relationships among businesses in both markets.",
  "summary": "Oluchi Chibuzor Lagos Free Zone, has called for a shift from trading with Nigeria to manufacturing in Nigeria, urging Indian businesses to deepen their investments in local manufacturing and develop",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}