The approval is coming on the heels that over N2 billion revenue is expected to be generated yearly from capable licensed investors that will mine the abundant mineral resources like the bauxite, aluminum, gold, marble and other precious stones presently lying fallow across the over 10,000 hectares of land mass where the institution is sited.
Similarly, it is also expected that the arable land resources in the institution could be harnessed by investors to produce enough food for consumption, raw materials for local industry while generating employment for teeming youths and boost the finances of the University.
Speaking at a stakeholders’ meeting for the take-off of the FTZ, the Managing Director, Nigerian Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba said that all is set for take-off of the zone to improve the IGR of the institution that will make it self-sustaining financially.
Adesugba explained that the university which has over 10,000 acres of land is replete with various mineral resources such as gypsum, marble bauxite and gold, as well as very rich agricultural land that are yet to be fully tapped for the benefit of the institution and mankind.
Earlier, the Vice Chancellor of the University of Abuja, Prof. Abdul Rasheed Na’allah said the goal of the institution is to help the nation as a whole.
The Vice Chancellor who was at the stakeholders’ meeting gave the assurance that young people will be better mobilised to create wealth for the institution and the nation in general if the establishment of the FTZ is established in the school.
