Business
FG, NEPZA To Boost Trade Competitiveness Through AFCFTA
The Nigeria Export Processing Zones Authority (NEPZA), says the Federal Government and the authority will leverage on the African Continental Free Trade Area (AFCTA) to boost the country’s trade competitiveness.
Prof. Adesoji Adesugba, the Managing Director of NEPZA, made the remark while guiding the Minister of Trade, Industry and Investment, Otunba Adeniyi Adebayo, on an inspection tour of the Kano Free Trade Zone (KFTZ) on Friday, in Kano.
Adesugba, in a statement by Martins Odeh, Head, Corporate Communications, NEPZA, on Sunday reiterated that the AfCFTA presented the country with an exceptional lifeline to reboot the economy.
He added that there was no better time than now to take advantage of the lofty opportunities provided by the agreement for countries in Africa to seamlessly trade among themselves.
According to him, all enterprises operating in the country’s 44 zones were being galvanised to use the trade agreement which commenced Jan. 1 to stay competitive and relevant.
“The visit of the minister to the Kano zone is a pointer to Federal Government’s desire to use the zone as a gateway to swiftly revamp the economy.
“The recent approval of N35.4 billion by Federal Government for improvement of electricity infrastructure in both Kano and Calabar FTZs remains a stride that shows President Muhammadu Buhari’s confidence in the scheme’s ability to fast track the country’s industrialisation.
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