The African Development Bank has committed $80 million in loan financing to the Ekiti Knowledge Zone (EKZ) project aimed at transforming the region into a hub for digital innovation and knowledge economy. Spanning 40 hectares of land, the Ekiti state-led pioneering special economic zone project is designed to foster linkages between educators, researchers, innovators, entrepreneurs, […]
Ogun State Government and Arise Integrated Industrial Platform (AIIP), at the weekend stated that they had opened discussions on the modalities for the establishment of a parking facility for containers and trailers within the premises of the Special Agro Processing Zone (SAPZ). The company’s Vice President and Country Head, Suren Abeywickrema, gave this hint while […]
The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba and his Oil and Gas Free Zones Authority’s (OGFZA’s) counterpart, Sen. Tijjani Kaura, have reported that the two free zones attracted about $46.6 billion investments into the country since they commenced operations. The FTZs supervisory CEOs made this disclosure at the […]
The Bureau of Public Enterprises (BPE) has announced that three firms have been pre-qualified and issued the Request for Proposal (RFP) for the concession of the Calabar and Kano Free Trade Zones (FTZs) in the country. The Director General of the Bureau, Mr. Alex Okoh, who announced the qualification of the three companies at the […]
The Nigeria Export Processing Zones Authority (NEPZA) on Monday disclosed that it had opened discussions with crypto exchange, FX Binance, for the purposes of creating a virtual free zone for blockchain development in the country. The authority’s Managing Director, Prof. Adesoji Adesugba, was quoted as confirming that already preliminary meetings with the cryptocurrency exchange team […]
The Nigeria Economic Zones Association (NEZA), the umbrella body of Free Trade Zones operators and enterprises in the country, has cautioned the National Assembly and government agencies not to take actions that are inimical to attracting $25 billion Foreign Direct Investments (FDIs) yearly to the country through the Special Economic Zones’ scheme. The association’s Executive […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh has clarified why Federal Government decided to concession the Calabar and Kano Free Trade Zones (FTZs), saying that the initiative will catalyse businesses in the West African sub-region through strategic production of goods and services in order to optimize the vast potential […]