What [We] Have Done
The Free Zone scheme was set up to strategically improve the investment climate by stimulating export oriented business activities through strengthening strategic national economic policies, streamlining administrative approval processes and providing a one-stop-shop service for businesses both within and outside Nigeria.
Achievements
Licensing
Licensed 42 No. of Free Zones/Special Economic Zones and registered over 400 Special Economic Zone Enterprises.
Foreign Investment
Attracted Foreign Direct Investment with a combined net worth of over $200 Billion including top players such as G.E Corporation-USA, Samsung-Korea, and others.
Local Investment
Attracted Local Investments
worth N300 Billion, including
top Nigerian Giant - Dangote Group of Companies; who is currently building one of the largest refinery, petrochemical and fertilizer plants in the world.
Eko Atlantic
Eko Atlantic FZ, is a private sector driven free zone. The investment is worth $8 Billion, projected to employ over 150,000 workers. It will serve as the financial hub of Nigeria, patterned after the New York and Hong Kong financial centers.
First Time Projects Witnessed in the Free Zones
Egina FPSO
Egina Project (FPSO) worth over $6b.
Agbami FPSO
Agbami Project (FPSO) worth $260m.