Q2. Facts about the immediate environment of the Estate;

Ans: Lekki Free Zone (LFZ)Lekki Free Zone (LFZ) comprises 16,500 hectares to the southeast of the city of Lagos, two peninsulas of infinite opportunities bounded by the Lekki lagoon and the Atlantic Ocean. The free zone was launched in 2004 as a vehicle to fully utilize the investment and tourism potential of Lagos. LFZ is a new city under development that will operate in accordance with best international practices. It is also one of the fastest developing urban areas with an annual economic growth of 16.8%. The Lekki free zone is a multi-use facility with zones for oil and gas, industry, manufacturing, business & financial, media centres, commercial, real estate, recreation and tourism. The promising world-class New Lekki Int’l Airport is at Ibeju Lekki off Lekki-Epe Expressway. It is envisioned to give Lagos a befitting Airport of highest standard both in appeal and operations. Lekki Deep Sea Port Nigeria’s $1 billion Lekki Deep Seaport project which is expected to begin operations in 2018 is to be financed by 10 financial institutions. According to Mr. Sandeep Parasramake, the Chief Financial Officer of Tolaram Group the institutions included the African Development Bank (AfDB), European Investment Bank and the Standard Chartered Bank. Others are Rand Merchant Bank, Stanbic IBTC, Africa Finance Corporation, Propaco, Entrepreneurial Development Bank, German Investment and Development Corporation; and International Finance Corporation. The project is on course and will tremendously boost business activities in that corridor upon completion. Pan Atlantic University Main Campus at KM 52, Lekki-Epe Expressway, immediately after Eleko Junction is just a …