By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    Digital Data Privacy on P2PS Read Press Release
    Digital Data Privacy on P2PS Read Press Release
    2 years ago
    Here Are the Countries Using Favorable Crypto Laws to Boost Business Through Bitcoin
    Here Are the Countries Using Favorable Crypto Laws to Boost Business Through Bitcoin
    2 years ago
    DeFi and CeFi Full Aggregator OpenOcean Integrates Avalanche to Expand Liquidity and Optimize Trading
    2 months ago
    Latest News
    Crypto Market Recovers as Liquidity Returns — Pepeto Announces $700K Giveaway and 221% Staking Rewards
    39 minutes ago
    Limitless Prediction Market Closes $10M Seed Round Ahead of LMTS Token Launch
    20 hours ago
    Whale.io Introduces Crock Dentist Game and Exclusive RWA NFT Collection
    20 hours ago
    Bybit Card Honored as “the Best Performing Crypto Card” by Mastercard at EDGE 2025
    21 hours ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    7 hours ago
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    3 days ago
    10 Crypto APIs for Developers In 2025
    10 Crypto APIs for Developers In 2025
    1 week ago
    Why SimpleFX Is Not a Safe or Reliable Trading Exchange
    Why SimpleFX Is Not a Safe or Reliable Trading Exchange
    2 weeks ago
    Ten Largest Property Firms by Market Cap In 2025
    Ten Largest Property Firms by Market Cap In 2025
    2 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Lekki Free Zone Set to Partner Gluwa On Blockchain Technology
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Lekki Free Zone Set to Partner Gluwa On Blockchain Technology
Press Releases

Lekki Free Zone Set to Partner Gluwa On Blockchain Technology

Chainwire
Last updated: 01/09/2025 6:27 PM
Chainwire
3 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Lekki Free Zone Set to Partner Gluwa On Blockchain Technology
SHARE

San Francisco, California, 21st September, 2022, Chainwire

As part of a drive to strengthen its contribution to the Nigerian economy, the Lekki Free Zone Development Company (LFZ) is in talks with Gluwa, a blockchain technology company. The pair are looking to partner and use blockchain to foster trade collaboration, growth, and sustainability among new and existing Free Zone enterprises. The partnership would also explore the creation of a Virtual Free Zone within the Lekki Free Zone.

Lekki Free Zone’s Head of Strategy, Innovation & Special Projects, Mr. Tomiwa Idowu, has disclosed that discussions are ongoing between LZF, the Nigerian Export Processing Zones Authority, and the Gluwa team.

In a statement, Idowu explained that the partnership, when finalized, will create a dashboard for the tokenization of goods into NFTs (non-fungible tokens) and provide digital asset-backed loans for new and existing enterprises who are looking to fund operations and/or expand their businesses, similar to the integration of OpenSea and Compound.

- Advertisement -

Idowu shared his vision for innovating the trading and industrial sector in Nigeria and Africa as a whole, bringing it into the modern information age with the Lekki Free Zone at the epicenter.

“I am extremely excited by the enormous potential of such a partnership, which would further establish Lagos State as Africa’s leading sub-national in terms of innovation, economic development and revenue generation,” said Idowu.

He commended the Lagos State Governor, Babajide Sanwo-Olu, as a beacon of progress and hope for the nation in general, saying: “Our Governor has always been a firm believer in fast-paced development, which involves using technology to leapfrog bureaucracy and going straight to solving immediate problems.”

Chief Executive Officer at Gluwa, Tae Oh, noted that the firm is keen to partner with the Lekki Free Zone as it is the largest and most developed Free Zone in Nigeria with proximity to the deep-sea port as well as the Dangote refinery, saying: “Trading has been the bedrock of the Nigerian economy, with annual volumes running into billions of dollars.”

He added: “We believe the digitization of the sector can allow us to harness its full potential. For instance, a standard process to digitize goods manufactured or processed within the zone in tandem with a market system on web3 will allow manufacturers to trade globally via the blockchain.

- Advertisement -

“All trades will be registered and benefit from the incentives of the Lekki Free Zone, such as zero taxation and free circulation of goods. As soon as the goods get settled for export by the in-Zone Customs Processing Center, they will get shipped out straight from the Lekki Free Zone via the deep-sea port.

“This will reduce delays, eliminate human errors, exponentially drive up Nigeria’s non-oil exports and sustain a positive trade balance for the nation. While we are still working out the fine details and a specific framework with NEPZA, we believe it is the future of commerce and trade in Africa.”

About Gluwa

- Advertisement -

Gluwa is an Open Finance platform, connecting capital from developed markets to emerging market lending opportunities using blockchain technology. By providing the decentralized infrastructure rails to raise and disburse capital anywhere in the world, investors can use the Gluwa Invest platform to partake in debt-financing deals with emerging market fintech lenders, earning up to 15% APY.

Contacts

VP of Business

  • Aston Lee
  • Gluwa
  • support@gluwa.com
Crypto Market Recovers as Liquidity Returns — Pepeto Announces $700K Giveaway and 221% Staking Rewards
Limitless Prediction Market Closes $10M Seed Round Ahead of LMTS Token Launch
Whale.io Introduces Crock Dentist Game and Exclusive RWA NFT Collection
Bybit Card Honored as “the Best Performing Crypto Card” by Mastercard at EDGE 2025
Jupiter Launches Ultra V3 – The Ultimate Trading Engine for Solana
Share This Article
Facebook Email Print
Previous Article What Is CATVERSE(CATVERSE)? Complete Guide & Review About CATVERSE What Is CATVERSE(CATVERSE)? Complete Guide & Review About CATVERSE
Next Article What Is Husky (HUSKY)? Complete Guide & Review About Husky What Is Husky (HUSKY)? Complete Guide & Review About Husky
10 Best Crypto Leverage Trading Platforms for Maximum Profits
10 Best Crypto Leverage Trading Platforms for Maximum Profits
Best Centralized Exchange List 2025
10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
Altcoins
9 Best Copy Trading Platforms In Italy for Smart Investors
9 Best Copy Trading Platforms In Italy for Smart Investors
Best Centralized Exchange List 2025
How To Swap SOL To ASTER Easily & Safely
How To Swap SOL To ASTER Easily & Safely
Guide & Crypto Education

Latest Published

Jiuzi Holdings, Inc Enters Strategic Partnership with BitFi to Advance Bitcoin-Centric Finance

22 hours ago

Billionaire Tim Draper Leads $3.2M Seed Round for Ryder to Replace Seed Phrases With TapSafe Recovery

3 days ago
Blockchain Life 2025 in Dubai: Global Crypto Leaders Gather for the 15th Anniversary Forum Featuring Akon’s Exclusive Performance

Blockchain Life 2025 in Dubai: Global Crypto Leaders Gather for the 15th Anniversary Forum Featuring Akon’s Exclusive Performance

5 days ago

Seascape Launches First Tokenized BNB Treasury Strategy on Binance Smart Chain

5 days ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?