Outlook

In the last few days, the Interim management committee (IMC) of the Niger Delta Development Commission (NDDC) which is an illegal contraption unknown to the NDDC Act has carried on in a manner that openly challenges the legitimacy of the National Assembly. Never in the history of Constitutional Democracy in Nigeria has an agency of…

The Nigeria Export Processing Zones Authority (NEPZA) prides itself as the “choice destination for global business and investment,” but its activities over the years have frustrated the inflow of foreign investments into the free zones it regulates. Indeed, its core mandate is to “establish, license, regulate and operate highly efficient Free Zones by providing a…

The Federal Government of Nigeria had set up the free zones to attract foreign direct investment (FDI), generate employment, encourage transfer of technical skills to Nigerians and boost the country’s economy. To attract investors to the free zones the businesses are exempt from the normal tax regime, particularly with regard to Customs duty and tax.…

We call upon Mr. President to save foreign investments in LADOL; we call upon Mr. President to act fast for the sake of employment opportunities lost by Nigerians and its negative impact on the Nigerian economy. In response to the calls by the Nigerian government for foreign investors to invest in Nigeria, the stakeholders of…

At the 22nd Annual Africa Business Conference of the Harvard Business School, Roosevelt Ogbonna, Deputy Group Managing Director of Access Bank, shared insightful and relatable tips that would aid the growth of Africa and make it one of the world’s thriving economies. He gave five key highlights on the ingredients needed to build Africa. Starting…

The recent unfortunate developments at the Lagos Deep Offshore Logistics (LADOL) Free Zone, which have scared serious investors, have fueled the need for the FEDERAL GOVERNMENT to take urgent steps to reposition the free zone for the purpose of attracting investments, which is the ultimate objective of creating free zones. Reputable investors willing to take advantage of…

The Nigeria Export Processing Zones Authority (NEPZA) abdicated one of its functions of supervising and co-coordinating “the various functions of various public sector organisations operating within the export processing zones and resolving any dispute that may arise among them,” when it allowed the Lagos Deep Offshore Logistics Base (LADOL) to frustrate Africoat out of business…

The alleged corruption trailing the operation of the Nigeria Export Processing Zones Authority (NEPZA) was a subject of debate at the House of Representatives last Thursday, following a petition by a former Managing Director of the Nigerian Aviation Handling Company (NAHCO), Mr Baba Yusuf. In his petition to the lawmakers, Yusuf had alleged abuse of…

Since President Muhammadu Buhari’s administration waged an unprecedented war against corruption in 2015, the Nigeria Export Processing Zones Authority (NEPZA) has by its actions and inactions demonstrated unwillingness to break away from the past and adjust to the new order.   The agency has consistently dragged itself into questionable transactions that have fueled concerns over…

As President Muhammadu Buhari shuttles around the world to woo foreign investments in his avowed determination to create employment opportunities and curb crimes, the media was awash last week with shocking reports on how Lagos Deep Offshore Logistics (LADOL) violated the land lease agreement signed with the Nigerian Ports Authority (NPA) by shortchanging the federal…

Meal kit companies have made inroads throughout the North American and European markets. They promise convenience, easy cooking, less hassle, and delicious, fresh food delivered right to your doorstep whenever you want it. For those able to take advantage of these offerings, they generally do live up to their promises. However, there are some areas…

In view of President Muhammadu Buhari’s sustained efforts to attract foreign investments (FDIs) into Nigeria, it has become imperative for the various agencies of the federal government to key into this drive for investments by speeding up their interventions to settle the feud between the Korean shipbuilding giant, Samsung Heavy Industries Nigeria (SHIN/Samsung) and Lagos…