BUSINESS

FG Establishes Four Trade Zones In Nigeria

The Nigeria Export Processing Zones Authority (NEPZA) says the four trade zones recently established in the country will attract 15 billion dollars worth of Foreign Direct Investment into the nation’s economy.

Managing Director of NEPZA, Mr Emmanuel Jime, made this known in Abuja during a courtesy visit to his office by Commerce and Industry Correspondents Association of Nigeria (CICAN).

Mr Jime, said only 15 out of the 39 trade zones in the country are currently operational while application for the establishments of additional zones to boost the economy of the country are undergoing various processes.

Of these 39, four of them were established recently during the course of my stewardship here. These four zones that were established recently under our watch are reputed to have the capacity of attracting about 15 billion dollars worth of foreign direct investment,” he said.

“There are many other applications, the last time I checked, close to 10 are either somewhere in the office of the minister leading up to Mr President office or waiting for the president’s declaration,” Mr Jime added.

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