FG, NEPZA to elevate FTZs competitiveness through AfCFTA


The Nigeria Export Processing Zones Authority (NEPZA) says the Federal Govt and the authority will leverage on the African Continental Free Alternate Home (AFCTA) to elevate the nation’s replace competitiveness.

Prof. Adesoji Adesugba, the Managing Director of NEPZA made the comment whereas guiding the Minister of Alternate, Industry and Investment, Otunba Adeniyi Adebayo on an inspection tour of the Kano Free Alternate Zone (KFTZ) on Friday, in Kano.

Adesugba, in a observation by Martins Odeh, Head, Corporate Communications, NEPZA reiterated that the AfCFTA offered the nation with an extra special lifeline to reboot the financial system.

He added that there changed into no greater time than now to preserve good thing about the lofty opportunities offered by the settlement for international locations in Africa to seamlessly replace among themselves.

In accordance to him, all enterprises operating within the nation’s 44 zones had been being galvanised to make affirm of the replace settlement which commenced Jan. 1 to discontinuance competitive and relevant.

“The visit of the minister to the Kano zone is a pointer to Federal Govt’s desire to make affirm of the zone as a gateway to like a flash revamp the financial system.

“The fresh approval of N35.4 billion by Federal Govt for enchancment of electricity infrastructure in each Kano and Calabar FTZs stays a tear that reveals President Muhammadu Buhari’s self belief within the blueprint’s capacity to fleet track the nation’s industrialisation.

“The authority stays grateful to each the president and the minister for this gigantic feat. As will even be seen, the Kano FTZ stays viable despite the vitality direct,’’ he acknowledged.

On the opposite hand, Adesugba re-echoed the direct of getting access to international replace confronted by operators within the zones on story of absence of offshore banking.

He added that it changed into excessive time the Central Bank of Nigeria (CBN) accelerated the approval.

“We’re in contact with the CBN committee saddled with the accountability of guaranteeing that the off-shore banking is in situation.

“But we are, on the opposite hand, soliciting the intervention of the minister for approval to be given without additional delay,’’ Adesugba acknowledged.

The minister had described the Kano FTZ as one of many flagships of the nation’s free zone blueprint which NEPZA had done loads to abet its operations going.

He added that the authority may maybe contain to be supported to blueprint its mandate effectively.

Adebayo also defined that the Federal Govt changed into dedicated to repositioning the blueprint to was intellectual, winning and competitive in verbalize to maximally design from the advantages accruable from AFCTA.

On the planned concession of the Kano and Calablar zones, the minister suggested investors and operators within the two public zones not to stress.

In accordance to him, their pursuits would be safe all the diagram in which throughout the negotiation of the two offers.

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