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Description

The implementation of Free Zones in Nigeria aims to create a favorable environment that boosts the country’s economic growth and development through export-oriented manufacturing in the non-oil sector. Its objectives include diversifying the economy by promoting the Nigerian content policy in the oil and gas sector, attracting foreign direct investment, creating employment opportunities, and improving foreign exchange earnings. The initiative also emphasizes technology transfer, skill acquisition, enhancement, and backward linkages.

The establishment, licensing, regulation, and operation of highly efficient Free Zones are crucial to achieving these goals. This can be achieved by providing a highly competitive incentive scheme, excellent support facilities, and services to create an enabling environment for export manufacturing and other commercial activities. The zones should be of the highest quality to meet the investors’ needs and ensure a diversified economy.

NEPZA is responsible for promoting and facilitating local and international investments in licensed Free/Special Economic Zones in Nigeria. Their primary goal is to ensure that their clients’ operational and strategic objectives are met through cost-effective, efficient, and responsive services that provide instantaneous pragmatic solutions to their needs.

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