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NEPZA applauds FG on free trade zones

The Nigeria Export Processing Zones Authority (NEPZA) has expressed satisfaction with Federal Government’s commitment toward efficient management of the Free Trade Zone Scheme for speedy national economic recovery and growth in post COVID-19.

 Acting Managing Director of the Agency, Mr Bitrus Dawuk, made the commendation in Abuja in his presentation titled, “Seeking New Frontier for Repositioning NEPZA for Maximum Investor Attraction and Retention in the Post COVID-19 Era’’ via Webinar online conference.

The conference was organised by a Dubai-based free trade zone training and management consulting company, CTP International FZLLE for selected industry experts across the world.

Mr. Dawuk explained that NEPZA had enjoyed some considerable increase of budgetary allocation since the president discovered the need to support the sector to perform optimally.

The Managing Director said that the COVID-19 pandemic presented both challenges and opportunities for free zones world-wide.

He explained that the current era had also challenged the manufacturing value addition of free trade zone enterprise and disrupted the global supply chain.

He added that the pandemic presented opportunities in the area of international trade and production as most manufacturers around the world were looking to diversify the supply chain.

Victoria Chimezie

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