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

Home » NEPZA Urges FTZs’ Operators, Enterprises To Increase Production

NEPZA Urges FTZs’ Operators, Enterprises To Increase Production

by Joshua
February 7, 2024
in Featured, News

The Nigeria Export Processing Zones Authority (NEPZA) has urged Free Trade Zones Management Companies and enterprises operating within free zones to increase their production volumes for exports.

Dr Olufemi Ogunyemi, NEPZA’s Managing Director, in a statement issued by the Corporate Communications, head, Martins Odeh on Tuesday, said this was to justify government’s incentives and waivers that drove the scheme.

Ogunyemi said this after rounding off his maiden inspection tour of some Free Trade Zones in Calabar and Lagos.

According to him, it is high time the scheme is used to attain a balance of trade for the country.

He said the authority was prepared to upscale its monitoring and supervision to ensure the 52 Free Trade Zones, and over 600 licenced enterprises were supported to boost the economy significantly.

“The Federal Government is on the verge of auditing the contribution of the scheme to the economy.

”The time has come for all the Free Trade Zones Management Companies and their enterprises to justify government’s incentives and waivers.

“Let me, therefore, urge free trade zones’ owners and enterprises to revert to the original reasons while they were granted licences to operate in these highly incentivised business environments.

“Which includes but not limited to high volume exports; employment generation; skills transfer; and foreign exchange earnings,” he said.

According to Ogunyemi, the authority is currently intervening in all areas of concerns preventing enterprises within the zones from attaining economies of scale in their production lines.

“We will also continue to ensure that the country’s interest still remain the fulcrum that drives the scheme,’’ Ogunyemi said.

The locations visited by NEPZA’s boss include the Calabar FTZ; Ogun-Guandong; Lagos FZ; Lekki Free Port; Dangote Refinery; Alaro City; Lekki; Eko Atlantic, Quit; NAHCO; Sky-Sheff; Caverton; ASL; and PAC.

 


Related Posts

NPA Targets N1.28 Trillion Revenue In 2025

NPA Targets N1.28 Trillion Revenue In 2025

June 24, 2025
Nigeria’s Export To Angola Hits $16.8m In Three Years

Customs Proposes N1.13 Trn For Its 2025 Operation

June 24, 2025
After Eno’s Defection, NYCN Urges Tinubu To Actualise Ibom Deep Seaport Project

After Eno’s Defection, NYCN Urges Tinubu To Actualise Ibom Deep Seaport Project

June 24, 2025
Railway Police Arrest Alleged Vandals In Ilorin, Kano, Gombe

Railway Police Arrest Alleged Vandals In Ilorin, Kano, Gombe

June 24, 2025

Latest News

NPA Targets N1.28 Trillion Revenue In 2025

NPA Targets N1.28 Trillion Revenue In 2025

June 24, 2025

Customs Proposes N1.13 Trn For Its 2025 Operation

After Eno’s Defection, NYCN Urges Tinubu To Actualise Ibom Deep Seaport Project

Railway Police Arrest Alleged Vandals In Ilorin, Kano, Gombe

OMT Makes History as First LNG-Powered Container Ship Berths in West Africa

APFFLON Congratulates CG Adewale, Calls for Two-Year License Validity for Freight Forwarders

AfCFTA SHOCKER: Nigeria’s First Kenya-Bound AfCFTA Cargo Spends 50 Days To Destination 

ENL Debunks Ship Fire Report At Apapa Terminal     

Lekki Tanker Drivers Defy E-Call Up System, Abandon Seven Fully Equipped Parks Over Fee Dispute 

India, China, US Dominate Nigeria’s Foreign Trade In Q1 2025 As Trade Surplus Hits ₦5.17trn   

‘Freight Forwarders Deserve Share of CVFF’ — ANLCA Chieftain Makes Case As FG Targets August Disbursement     

FG Donates 1000 Life Jackets To Residents Of Kwara, Says Boat Mishap Avoidable     

kindly like our Facebook page

Health

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts
Health

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025

Association of Medical Laboratory Scientists of Nigeria, Lagos State chapter, has raised the alarm over the increasing number of men...

20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025
See Mental Illness Like Other Treatable Diseases – Says Suicide Survivor

Health Facts You Didn’t Know

May 19, 2025
Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

April 28, 2025
Water And Health: The Relationship That Helps Life

Water And Health: The Relationship That Helps Life

April 28, 2025
Some Truths and Myths About Agbo Herbal Concoction

Some Truths and Myths About Agbo Herbal Concoction

April 21, 2025
The Malaise Of Misuse of Antibiotics

The Malaise Of Misuse of Antibiotics

April 14, 2025
Urologist Debunks Breast-Cancer Prevention Myth

Urologist Debunks Breast-Cancer Prevention Myth

April 14, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy 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