Managing Director, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, says the agency is considering incentives and loans for enterprises operating in Free Trade Zones (FTZ) in the country.
Adesugba spoke during a two-day familiarisation tour of the FTZ Kano on Wednesday.
He noted that the concept of the FTZ was to made factories competitive within the sovereignty of Nigeria.
The Managing Director said: “The whole idea is to cut transportation of goods from foreign countries into Nigeria.
“In Free Trade Zones, we have incentives such as turfs, duty free for goods entering the zones for production process and provision of infrastructure in terms of energy, good roads and warehouses.
“And Nigeria will not exempt from trying to attract investment in FTZ, the Federal Government is concentrating on providing standard infrastructure that can compete anywhere in the world.
“The current administration is paying attention to developing the infrastructure in FTZ and we can see that from the experience of Kano Zone.
“Most of the companies we visited in FTZ Kano are full of praises even though we have not reached there.”
Adesugba disclosed that NEPZA would soon embark on procurement process to boost power supply in the FTZ across the country.
He said that the Agency was also working to upgrade water supply through the provision of adequate pumps to the industries in the Kano zone.
The Managing Director added that the Agency would work in collaboration with the Kano State Government to supply water to the zone from the Kano Water Board.
“NEPZA is to improve on infrastructure of the group network and residences for the investors which are expected to be completed soon.
“We hope to continue to improve on the facilities in the free zones so that the FTZ in Nigeria can be seen as up to the international standard.
“The Federal Government is more particular about ensuring that all the basic things needed are available in all the FTZ administered by NEPZA,’’
Commenting further, Adesugba said security was critical to the operations of the FTZ, adding that proactive measures had been evolved to secure the zones to attract investors.
He said the Agency would provide additional accommodation and other facilities to improve the wellbeing of security personnel in the zones.
