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| Min. of Trade & Investment, Olusegun Aganga |
Managing Director,
Nigeria Export Processing Zones Authority, NEPZA, Mr.Oluwagbemiga Kuye has put
the total investment generated in the nation’s free zone at N1.6 trillion ($10billion).
Kuye also stated that
with the new drive and the various reforms being undertaken in the sector, the
investment is expected to be upped to $15 billon, (about N2.4trillion).
So far, out of the 25
free zones in the country, nine are fully operational, six under construction,
four in design states and six zones which are largely owned by the states. Kuye
who gave the projection while briefing Journalists on his plans and programme
for the agency in Abuja, noted that his dream is to transform the agency from
its regulatory role to an industrilisation agency.
Giving an update on
investment in the zones, he said, “To date, we have $9 billion investment in
all the free zones in Nigeria. This is without the $1billion we just
successfully gotten through DE. I believe we should be looking at
investment in the sector to the tune of $15 billon in the next five years.”
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