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Experts make case for Lagos Free Zone

By Matthew Ogune, Abuja
20 October 2020   |   3:15 am
Business Experts have called on the government and private sectors to promote timely investments such as the Lagos Free Zone to drive economic recovery. Leading the call, the Managing Director of the Nigerian Export...

Business Experts have called on the government and private sectors to promote timely investments such as the Lagos Free Zone to drive economic recovery.
Leading the call, the Managing Director of the Nigerian Export Processing Zones Authority (NEPZA), Professor Adesoji Adesugba said: “As a developing country, we need to focus on key areas that can lead to accelerated economic development.

“It is also important to stress that irrespective of legislation, the purpose and the mandate is that free trade zones must be tax-free. So, have to make sure that ours is not different from others.”

Adesugba assured that the NEPZA will also be upgrading its investment promotion unit to a full-fledged department, maintaining that it is important the government and the private sector promote investments such as the Lagos Free Zone.