FG laying firm foundation for industrialisation with Free Zones —Adesugba
The Managing Director, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba has said government is already laying firm foundation for the country’s industrialisation through the establishment of free trade zones across the country.
Adesugba explained that the establishment of free trade zones would assist in full implementation of the African Continental Free Trade area [AfCTA]. Speaking, yesterday, while addressing global business audience via webinar at the 5th Annual Meeting of the Africa Economic Zones Organisation, the NEPZA Chief Executive Officer centered his discussion on the Nigerian Special Economic Zones business case.
According to him, free trades zones in the country with a cumulative investment of over 20 billion US dollar is providing the country with a firm foundation toward realising its industrialisation roadmap.
The NEPZA boss explained that the establishment of petrochemical industries, the fertiliser companies and Deep Seaports on economic zones had already attracted an inflow of over US$20b for the nation.NEPZA
In a statement, yesterday, by his Special Assistant on Communication, Mr. Martins Odeh, Adesugba explained that the Free Zones concept in Nigeria has come to stay and no matter how challenging the task might be, within two to three years, some of the investments would come to fruition.