FG Unveils Plans To Create Special Economic Zones
The federal government says it has plans to create special economic zones in some states to drive the industrialisation target of the nation.
President Muhammadu Buhari said this at the opening of the 2017 Lagos International Trade fair with the theme “promoting industrialisation for economic recovery and sustainable growth”.
The President, who was represented by the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah said the economic zones would be structured to provide all necessary infrastructures needed to make industries thrive and contribute meaningfully to the nation’s GDP.
“We’re working with Lagos state, we are working with other states in the country to make sure that these zones demonstrate what are needed, where you see infrastructure, lower the cost of doing business, make regulations easy. We must show examples, there’s power in examples and by so doing, I think the whole thing will catch up for the rest of the country”, he said.