- September 1, 2021
- Posted by: adminer
- Category: Free Trade Zone
The Nigeria Export Processing Zones Authority (NEPZA) and Nigerian Investment Promotion Commission (NIPC) are partnering on the migration of investments to new Special Economic Zones (SEZs).
The three new zones are in Lagos, Kwara and Katsina for medical, agro-allied and cotton clusters.
Prof. Adesoji Adesugba, NEPZA’s Managing Director, and his counterpart Ms Yewande Sadiku, NIPC’s Executive Secretary, agreed on this partnership during a meeting in Abuja.
NEPZA’s Head of Corporate Communications, Mr Martins Odeh, made this known in a statement on Wednesday in Abuja.
The Federal Government approved six SEZs to be evenly sited in the six geo-political zones, but earmarked these three for development in 2021 fiscal year while the rest three were deferred to 2022.
Adesugba explained that efforts were underway to use the zones to stimulate genuine economic activities nationwide.