The Olokola Free Trade Zone (OKFTZ) Enterprise which is also proposed to have a deepsea port is expected to attract a whooping N30 billion dollars (N4.73 trillion) investment in the next three years, so says the company’s Managing Director, Mr. Luk Haelterman,
Mr Haelterman, told newsmen in Lagos that the zone has huge investment potentials and pleaded that the Federal Government to pay adequate attention to power supply in order to boost industrial growth in the country.
The Olokola Free Trade Zone (OKFTZ) Enterprise which is also proposed to have a deepsea port is expected to attract a whooping N30 billion dollars (N4.73 trillion) investment in the next three years, so says the company’s Managing Director, Mr. Luk Haelterman,
Mr Haelterman, told newsmen in Lagos that the zone has huge investment potentials and pleaded that the Federal Government to pay adequate attention to power supply in order to boost industrial growth in the country.
Giving an insight into what the zone is doing currently, he disclosed that the profile of the zone stands at between US$ 20 million and US$30 million, adding that, “presently we have about 60 investors at the zone, but we are targeting 1000.’’
He however said that the free trade zone has a power plant that is capable of generating between 10 Mega Watts and 50 Mega Watts, even as he added that a serious plant needed effective gas supply and “to have the required gas supply, government should provide enabling gas pipelines.’’
“We do not have gas access because no zone, within the country, is linked to gas facilities which every zone needs. We need the help of the government in area of gas network and gas supply to meet electricity supply to the zone,’’ he added.
He said that government needs to come to the help of all FTZ operators to strive better in the country.
“Nigeria is very rich in terms of raw materials which attracted most investors to invest in the free trade zone,’’ he said.
The Olokola Free Trade Zone is located in the boundary between Ogun and Ondo states
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