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    NEPZA reiterates commitment to conducive environment for foreign investors

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    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    By Emmanuella Anokam
    Abuja, March 6, 2021 Prof. Adesoji Adesugba, the Managing Director of Nigeria Export Processing Zones Authority (NEPZA), has reiterated commitment to creating competitive environment for foreign investors in the country.

    Mr Martins Odeh, Head, Corporate Communications, in a statement on Friday in Abuja, said the NEPZA boss said this when he received a Turkish Business Delegation.

    The delegation was led by Mr Onur Akgul, Commercial Counsellor from the Turkish Embassy in Abuja.

    Adesugba explained that he was part of few investment promoters in Nigeria who paved way for the establishment of the Nigerian/Turkish Investment Council years back.

    He said that the Federal Government was committed to using the Authority to create huge business and investment alternatives in the drive towards economic diversification.

    He expressed delight that the Turkish Government was contemplating having an exclusive free trade zone in Nigeria for its investors and companies.

    According to Adesugba, the Authority is committed to assisting in the facilitation of the proposed zone in order to achieve it target of stimulating wealth for Nigerians.

    Earlier, Akgul said the Turkish businesses were seeking a Special Economic Zone (SEZ) in Abuja.

    He said that 50 companies would commence the initiative in different specialties ranging from construction, furniture, plastic, technology and technical/vocational services

    Similarly, the NEPZA boss called for a seamless commencement of operation at the Enugu Industrial Park Free Trade Zone.

    He said this on a tribute to Dr Chris Okereke, Managing Director, Lion Business Park Free Zone Management Company, promoter of the zone, who died on March 2.

    Adesugba said that late Okereke was foremost in ensuring the establishment of the zone, adding that Okereke used the Business Park Free Zone Management Company to promote the zone.

    He, therefore, appealed to all interest groups to ensure seamless commencement of full operation in the zone.

    “This is a zone that should boost the country’s power generation, energy conversion, technologies and manufacturing among others. The Authority is concerned over its present state. We must make it work, ” he said.

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