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

Home » New NEPZA Board Chairman Tasks FG, Private Sector On FTZs

New NEPZA Board Chairman Tasks FG, Private Sector On FTZs

by Joshua
October 14, 2020
in Uncategorized

The Nigerian Export Processing Zones Authority (NEPZA) has urged the Federal Government and Private Sector to ensure that the Free Trade Zone scheme is strengthened through improved legal framework and global best practices.

Alhaji Adamu Fanda, newly-appointed Chairman of NEPZA Board, made the call during his first official visit to the authority’s headquarters on Tuesday in Abuja.

Fanda, in a statement by Mr Martins Odeh Head, Corporate Communications, NEPZA, said for Nigeria to catch up on genuine economic growth and industrialisation, the scheme
must be strengthened through sustained investments.

The chairman said that a well implemented Free Trade Zone (FTZ) regime had proven to be a catalyst for manufacturing and economic growth in several parts of the world.

He said that the country must ramp up its empowerment of NEPZA through urgent legal reforms.

Fanda said it must also do so through compliance by all government agencies to the provision of the authority’s Act that allowed operations in zones to be tax free.

“China, Dubai, Japan and South Korea are great examples of how special economic zones can be used to increase manufacturing capacity and deepen foreign exchange earnings.

“African countries like South Africa, Egypt, Kenya and our neighbour, Ghana, are deploying the model to great advantage.

“Nigeria cannot be an exception. FTZs must work to fulfil President Muhammadu Buhari’s agenda for an industrialised Nigeria”, Fanda said.

He pledged to support the management of the authority with due process and accountability to realise its mandate, and promised extensive advocacy in support of the FTZs.

The chairman said that the management would find in the board an ever-willing body devoted to smooth and open process to drive expansion of free zones for the development of Nigeria.

On his part, NEPZA Managing Director, Prof. Adesoji Adesugba, described Fanda’s appointment as timely and a commendable decision in the best interest of the authority and the country.

Adesugba described the chairman as an experienced private and public sector figure.

He noted that several critical decisions and issues could now be addressed to advance ongoing reforms of the agency.

“We thank President Muhammadu Buhari and the Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, for appointing a seasoned figure as our Board Chairman.

“Going by his antecedent and records, we all share the vision of the President for a new Nigeria with strong industrial sector, creating jobs and attracting Foreign Direct Investment (FDI).

“We are even more elated that our chairman is not just a product of the private sector, but has strong links and contacts as a former member of the legislature.

“As we launch our legislative agenda for the amendment of NEPZA Act to address loopholes in the authority’s legal framework and update it in line with current realities, we will be relying heavily on the chairman’s goodwill to fast track the process’’, Adesugba said.

The managing director stated that the paramount goal was to ensure the realisation of the authority’s mandate.

He said that the board was a vital organ without which the management would struggle to achieve its core goals and objectives.

 


Related Posts

Despite ₦5.17trn Surplus, Dollar Dominates Nigeria-China Trade As Naira-Yuan Swap Struggles

Despite ₦5.17trn Surplus, Dollar Dominates Nigeria-China Trade As Naira-Yuan Swap Struggles

June 30, 2025
Meningitis: Death Toll In Kebbi Hits 56 – Govt 

Meningitis: Death Toll In Kebbi Hits 56 – Govt 

March 24, 2025
Navy Rescues 8 Police Officers,1 Civilian From Boat Accident In Bayelsa

Navy Rescues 8 Police Officers,1 Civilian From Boat Accident In Bayelsa

January 8, 2025
PHOTO NEWS: SIFAX Thanksgiving and Night of Praise 2.0

PHOTO NEWS: SIFAX Group Thanksgiving and Night of Praise 2.0

December 18, 2024

Discussion about this post

Latest News

NPA Bags NASS PAC Transparency Award

NPA Bags NASS PAC Transparency Award

July 12, 2025

Nigeria Customs Says Claim Of Form ‘M’ Migration Charges False

CRFFN Showcases Reform Milestones, Dismisses Court Ruling Misinterpretation

NCMDLCA Faction Distances Self from Amiwero’s Court Action, Backs CRFFN on POF Collection

Customs Intercepts ₦9.2bn Worth of Fake Bedroom Booster, Others

Customs, NAFDAC Inaugurate Implementation Committee for 2024 MoU

Nigeria Customs Intercepts Container with Over 10,000 Donkey Genitals

Senate Hails Adeniyi’s Election as WCO Council Chair, Says It’s  a Major Win for Nigeria’s Global Trade Leadership

Oyetola Launches Door-to-Door’ Diplomacy for Nigeria’s IMO Council Bid

FG Urged To Link Warri-Itakpe Rail To Inland Ports, Road Networks

Red Sea Operation Rescues 4 More From Cargo Ship Sunk By Houthis

Shippers’ Council Set to Establish Border Information Centre at Idiroko, Bolster Trade Efficiency

kindly like our Facebook page

Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert
Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025

Mrs Roseline Akinlabi, Adolescent and Youth Sexual Reproductive Health Desk Officer, Osun Primary Healthcare Board, says contraceptive pills cannot cause...

ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
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

© 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