FG rakes in $20bn foreign investment – NEPZA

Nigeria Export Processing Zones Authoriyy (NEPZA) said  the agency since inception about 25 years ago have attracted over $20 billion as Foreign Direct Investment into the nation’s economy.

It also contributed a major percentage of the FDI that Nigeria attracts.

Acting Managing Director of NEPZA, Engr. Terhemba Nongo who stated this at a one-day capacity building programme organised by the Commerce and Industry Correspondents Association of Nigeria (CICAN) in Nasarawa said it has also secured approval of the federal government to license seven new industrial parks across the country.

The Acting Managing Director represented by the Head, Corporate  Communications, Simon Imobo-Tswam said the agency has since inception licensed 40 free trade zones and industrial parks spread across Nigeria to boost the industrialisation drive of the Federal Government.

He said, “With 40 Free Zones/Industrial Parks and well over 400 licensed Free Zone Enterprises”

“NEPZA has so far licensed 40 free trade zones/industrial parks spread across the country, but with just two of them being Federal Government-owned zones; the Calabar Free Zone and the Kano Free Zone. Of the 40 Free Zones, while 14 are at the moment operational, the rest are still under various stages of development.

“So we are looking at 40 Free Zones/ Industrial Parks. Besides these, the President has given us authorisation to license seven new, pilot industrial parks i.e. one in each of the country’s geo-political zones.

Sign Up Now

ePaper Subscription

Be the first to comment

Leave a Reply

Your email address will not be published.