NEPZA moves to reactivate Banki border free zone

The Nigeria Export Processing Zones Authority (NEPZA) says it has commenced the process of reactivation of Banki Border Free Trade Zone in Borno State to spur economic development.

The Managing Director of NEPZA, Prof. Adesoji Adesugba disclosed this on Monday when the Governor of Borno State, Prof. Babagana Zulum paid him a courtesy visit in Abuja.

The Zone, which was affected by insurgency was designated in year 2000 with first operating license issued for the Zone in September 2000.

It was designed for manufacturing, trading and warehousing of products.

According to him, infrastructural development and assessment of basic infrastructure like utilities, civil works and offices, among others are being worked out for the Zone.

The NEPZA boss noted that the state was critical and historical in economic development in Nigeria due its security situation adding that good governance and thorough leadership were very important not just for the state but nationwide .

He explained that the Authority would appoint a Zone Administrator and staff that would work with the state government officials in charge of the Zone for smooth take-off and operation of the zone.

Adesugba, while disclosing that NEPZA had already requested for relevant Agencies and Nigeria Customs Service to deploy officers to the Zone towards realising its objectives said registration of enterprises for business activities has commenced.


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