shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » NEPZA Tasks States On Free Trade Zones Scheme

NEPZA Tasks States On Free Trade Zones Scheme

by Joshua
February 11, 2023
in Featured, News

The Nigeria Export Processing Zones Authority (NEPZA), has urged states to take part in the free trade zones scheme.

Prof. Adesoji Adesugba, the managing director/CEO of NEPZA said this in an interview with newsmen on Friday in Abuja.

He dismissed claims by Akwa Ibom of having difficulty in obtaining a licence from NEPZA to establish a free trade zone.

According to Adesugba, all states in Nigeria have been asked to take part in the free trade zones scheme by applying through the Nigeria Processing Zones Authority.

“I am not sure we have records of Akwa Ibom applying for any free zone licence and we are inviting them if they so desire to have a free zone.

“This is because it is our desire to have a free zone in each state of the country regardless of who is the political head.

“We are talking of the economy, we are talking of Nigeria and we are talking of Nigerians. Poverty does not know a party.

“The president has been magnanimous, he has treated everybody equally under his economic agenda using the free zone scheme,’’ Adesugba said.

He said that NEPZA was already working with some states to ensure the establishment of trade zones in the states.

“It is on record that we have been working very closely with every state that so desire. We are working with Delta and they are very happy with the free zone scheme under this regime.

“We have been working very closely with Sokoto State and very soon we shall start implementing and Borno will soon start off their scheme.

“It is also on record that Ekiti state has applied.

“We have been to other states of the country and any state that is receptive to the economic agenda under the free zone scheme we are very happy to accommodate them.

“We are inviting Akwa Ibom and we will be very happy to work with them if they desire to apply for a free zone scheme and we can assure them that the process will be very fast.

“We are also very sure that the presidency will look at it passionately,’’ Adesugba said.

Highlighting the economic benefits, Adesugba said that the free trade zones in Nigeria attracted 30 billion dollars investments.

“Right now, we have investments of more than 25 billion dollars upward to 30 billion dollars if you put everything together under this scheme.

“It is working, it works elsewhere and it is working for Nigeria and everybody is welcome to have the licence, we will consider it,’’ Adesugba said.

According to him, there are more than 1,300 of such schemes spread over China and that is what China uses as a strategy to ensure that they develop.

“That is why you see most Chinese groups here, very competitive. We want to do the same thing.

“In Africa, we have only 240. Under the NEPZA scheme we have about 46 and I was looking at the number of free zones that are actually working, we have 30 of them that are actually working.

“The president has just approved some spread over the states without looking at which state belongs to whom.

“We are still encouraging states, private investors to consider utilising the scheme and we can assure you it works,’’ Adesugba said.

shippingposition

Kindly like us on Facebook/twitter


Tags: NEPZA

Related Posts

Supreme Court Voids Parts Of NIWA Act, Restrains FG From Controlling Adjoining Waterways Lands

Supreme Court Voids Parts Of NIWA Act, Restrains FG From Controlling Adjoining Waterways Lands

May 23, 2026
NSW Begins Phase Two Rollout After Processing 39,039 Applications

NSW Begins Phase Two Rollout After Processing 39,039 Applications

May 23, 2026
NCS Deepens Ties With China On Boosting Trade

NCS Deepens Ties With China On Boosting Trade

May 23, 2026
Katsina: Customs, NUJ Strengthen Alliance Against Smuggling Push For Public Enlightenment 

Katsina: Customs, NUJ Strengthen Alliance Against Smuggling Push For Public Enlightenment 

May 23, 2026

Latest News

Supreme Court Voids Parts Of NIWA Act, Restrains FG From Controlling Adjoining Waterways Lands

Supreme Court Voids Parts Of NIWA Act, Restrains FG From Controlling Adjoining Waterways Lands

May 23, 2026

NSW Begins Phase Two Rollout After Processing 39,039 Applications

NCS Deepens Ties With China On Boosting Trade

Katsina: Customs, NUJ Strengthen Alliance Against Smuggling Push For Public Enlightenment 

LASWA Seizes 120 Damaged Life Jackets

AMATO Introduces New State Executives, Truck Rescue Team to Police

MARINE ACCIDENT: NIMASA Confirms Crew Injured In Onne Vessel Collision

MARAN, NPCC Seek Stronger Partnership to Drive Maritime Sector Growth

Nigerian Navy Celebrates 70 Years with Fleet Review, New Task Force

Western Marine Command Customs Hands Over Drugs Worth N235.7m To NDLEA, NAFDAC

MARAN’s Legacy Must Be Preserved, Says Widescope CEO as New Exco Begins Stakeholder Engagement

BASL, SACHO strengthen collaboration on airport efficiency, safety

kindly like our Facebook page

Health

Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist
Health

Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist

May 11, 2026

Herbal preparations for asthma are highly injurious to the body and can lead to death, while inhalers remain the mainstay...

Why Nigerians Must Reduce Excessive Salt Intake – Public Health Expert

Why Nigerians Must Reduce Excessive Salt Intake – Public Health Expert

May 4, 2026
Nigeria, 9 Others Account For 70% Global Hepatitis B deaths —WHO

Nigeria, 9 Others Account For 70% Global Hepatitis B deaths —WHO

May 4, 2026
Your Stool Determines The State Of Your Health

World Liver Day 2026: Low Awareness Threatens Fight Against Liver Disease – Experts

April 27, 2026
Your Stool Determines The State Of Your Health

Your Stool Determines The State Of Your Health

April 27, 2026
WARNING: High-Salt Diet May Speed Memory Decline In Men

WARNING: High-Salt Diet May Speed Memory Decline In Men

April 20, 2026
8% Nigerians Live With Diabetes – Official

8% Nigerians Live With Diabetes – Official

April 20, 2026
SALT USAGE ADVISORY: WHO, NAFDAC Warns Against Excessive Salt Intake, Recommends 1 Teaspoon Of Salt Daily

Some Health Benefits of Tomatoes?

April 13, 2026
SALT USAGE ADVISORY: WHO, NAFDAC Warns Against Excessive Salt Intake, Recommends 1 Teaspoon Of Salt Daily

SALT USAGE ADVISORY: WHO, NAFDAC Warns Against Excessive Salt Intake, Recommends 1 Teaspoon Of Salt Daily

April 13, 2026
Sleep Deprivation Root Cause Of Many Disease – Says Physician

Health Benefits Of Consuming Garden Egg

March 23, 2026

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Editorial Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition