Business
NEPZA, N’Delta To Establish Free Trade Zones
The Nigeria Export Processing Zones Authority (NEPZA), on Thursday said it was working with states in the Niger Delta to develop Free Trade Zones to create jobs..
The Managing Director, Mr Sina Agboluaje, told The Tide source in Abuja, that the establishment of the zones would accelerate industrialisation necessary for the development of the area.
He said Delta, had already started the process of establishing the zones with the establishment of Koko Free Trade Zone in Warri, “which is involved in oil-related activities”.
He said other states such as Rivers, was also in the process of completing the Industrial and Energy City; Akwa Ibom, an industrial park; while Bayelsa was also pushing for an industrial zone in collaboration with the youths in the state.
“I think the best form of amnesty is to create industries in the region that will provide jobs for the people rather than just giving the youths the money.
“The money paid as post amnesty should be directed at physical development in the zones that will development the region and create employment,’’ he said.
Agboluaje said that in the next few years, free zones would be the focal point for the country’s development.
He said of the 24 Free Trade Zones in the country currently had over 16,178 people in their employment from 1999 to March 2009.
He described as “unfortunate’’ that most state governments lacked the knowledge about the importance of free zones to the economy.
“That is why this year we will focus more on enlightenment, education and creating awareness about the importance of free zones to the economy and states have to be involved in this,’’ he said.
Some of the performing zones in the country include, Calabar Free Trade Zone, Snake Island Integrated Free Zone, Tinapa Free Zone and Business Resort, Calabar; Lekki Free Trade Zone; LADOL Logistics Free Zone; Lagos and Imo-Guangdong Free Trade Zone.
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