Thursday, 06 October 2022 08:25
Free Trade Zones Scheme: Between Economies of Scale and Taxation
Economists have defined economies of scale as cost advantages reaped by companies when production becomes efficient. It is with this in mind that pnly economic policies that can assist enterprises in the country’s Free Trade Zones to achieve regular increases…
Saturday, 03 September 2022 11:22
Virtual Free Zones: NEPZA, Binance in Partnership
In its drive to further deepen the country's economy, the Nigeria Export Processing Zones Authority (NEPZA) is seeking partnership with Binance and Talent City for Nigeria to harbour the first Virtual Free Zone in West Africa. Prof Adesoji Adesugba,…
Friday, 26 August 2022 14:05
NASS urges FG to maximise CFTZ potentials to boost economy
The House Committee on Commerce says the ongoing process to concession the Calabar Free Trade Zone (CFTZ) is a positive approach in unleashing the full potentials of the zone to boost the country’s economy significantly. Hon. Richard Gbande, Deputy…
Friday, 05 August 2022 14:35
NEPZA boss advises Ondo Chambers to develop special agro-allied district
Prof. Adesoji Adesugba, Managing Director of the Nigeria Export Processing Zones Authority (NEPZA) has urged the Ondo Chambers of Commerce Industry Mines and Agriculture (ONDOCIMA) to become active partner in the economic development of Ondo State by establishing a special…
Sunday, 24 July 2022 12:41
NEPZA hails Buhari’s insistence on operating country’s FTZ scheme with global best practices
The Nigeria Export Processing Zones Authority (NEPZA) has expressed satisfaction on President Muhammadu Buhari’s concrete steps to ensure that the administration of the country’s Free Trade Zone aligned more with the global rules and regulations guiding the scheme. Prof. Adesoji…
Friday, 08 July 2022 14:14
NEPZA secures $100m investment in freshly established Lekki Special Medical/Pharms FZ
The Nigeria Export Processing Zones Authority (NEPZA) has secured an anchor tenant, Ash Biomedical Diagnostics Limited which is prepared to without delay invest initial 100-million-dollar capital in the production of variety of medical equipment in the freshly approved Medical/Pharmaceutical Special…
Sunday, 19 June 2022 10:55
New security outfit will cause upsurge of investments in free zones - NEPZA
The Nigeria Export Processing Zones Authority (NEPZA) says the newly inaugurated Special Economic Zone Security (SEZSEC) outfit will cause an upsurge of investments in the zones. The Managing Director of NEPZA, Prof. Adesoji Adesugba, said this at the passing-out ceremony…
Friday, 10 June 2022 10:56
NEPZA, FIRS new tax pact to enhance understanding, ends unbridled suspicion over FTZs incentives- Prof Adesugba
The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba has said that the new tax pact with the Federal Inland Revenue Service (FIRS) was aimed at enhancing better understanding of the Free Trade Zones Scheme’s…
Tuesday, 24 May 2022 11:48
NEPZA trains 40 personnel for security of special economic zones
The Nigeria Export Processing Zones Authority (NEPZA) has begun training for 40 of its personnel to boost security architecture in all special economic zones in the country. The ongoing exercise, which is being done in collaboration with the Department of…
Tuesday, 17 May 2022 12:51
Group urges NASS, MDAs, others to partner FG in protecting FDI
The Nigeria Economic Zones Association (NEZA), an umbrella body of Free Trade Zones operators and enterprises in zones has urged members of the National Assembly, Ministries, Department and Agencies (MDAs) of the Federal Government to only take actions that would…
Wednesday, 11 May 2022 09:29
Concession of Calabar, Kano FTZs remains FG’s economic solution to accelerate industrialisation-MD NEPZA
Prof. Adesoji Adesugba, Managing Director of the Nigeria Export Processing Zones Authority (NEPZA) has reiterated that the planned concession of the country’s two public free trade zones remains Federal Government best economic approach to use the scheme to accelerate industrialisation…
Wednesday, 27 April 2022 13:00
NEPZA and imperative of boosting economy via blockchain technology
Unarguably, the Federal Government changed the name of the Federal Ministry of Communications to Federal Ministry of Communications and Digital Economy in order to be in tune with global trends and reality. The World Economic Forum (WEF), predicts that by…
Monday, 04 April 2022 14:38
NEPZA to Tackle Emerging Traffic Gridlock within Lekki Free Zone
The management of Nigeria Export Processing Zones Authority(NEPZA) has concluded plan to nip in the bud emerging traffic gridlock arising from the operations of Pinnacle Oil & Gas FZE, one of the Free Zone Enterprises (FZE) registered in Lekki Free…
Friday, 01 April 2022 14:16
NEPZA to Launch Policy Consultation on Blockchain Operations at Free Zones
Following requests from local and international players, the Nigerian Export Processing Zones Authority ( NEPZA) is considering the launching of policy consultation with other relevant agencies on the opening up of Nigerian free zones space to blockchain tech and crypto…
Friday, 01 April 2022 10:22
NEPZA, foreign medical coys fast-tracking Lekki medical zone’s take-off
The Nigeria Export Processing Zones Authority (NEPZA) says scores of prospective anchor tenants seeking to establish world class hospitals and pharmaceutical industries in the new Special Medical Free Zone in Lekki area of Lagos signal gradual end to unnecessary medical…
Friday, 01 April 2022 10:04
NEPZA to Launch Policy Consultation on Blockchain Operations at Free Zones
Following requests from local and international players, the Nigerian Export Processing Zones Authority ( NEPZA) is considering the launching of policy consultation with other relevant agencies on the opening up of Nigerian free zones space to blockchain tech and crypto…
Friday, 14 January 2022 11:10
NEPZA to partner with ministry, world-class gemologist, Institute to reposition multi-billion-naira precious stones industry
In the bid to reposition the country’s jewelries and gemological industry, the Nigeria Export Processing Zones Authority (NEPZA) says it is on the verge of convincing the Ministry of Solid Minerals and the Gemological Institute of Nigeria to jointly adopt…
Friday, 31 December 2021 14:10
Unmaking and tweaking Nigeria’s FTZs’ susceptibilities
By Martins Odeh Gradually, but steadily, the grandiloquence narrations of the acclaimed outright under-performance of the Nigeria’s Free Trade Zones’ concept in the last 29 years of its adoption to drive the country’s industrialisation is been obliterated by new crop…
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Thursday, 02 December 2021 14:05
NIGERIA SPECIAL ECONOMIC ZONES INSTITUTE: COMING SOON!
The Nigeria Special Economic Zones Institute, Kano, an institute with state of art methodology of training was established by the Nigeria Export Processing Zones Authority, the Agency of Federal Government mandated by NEPZ Act 63 of 1992 to License, Regulate…
Thursday, 11 November 2021 13:44
NEPZA solicits NASS intervention on robust appropriation for SEZs development
The Nigeria Export Processing Zones Authority (NEPZA) has solicited the intervention of the National Assembly for a sustained and robust appropriation for the development of Special Economic Zones across the country. Prof. Adesoji Adesugba, the Managing Director of the Authority,…
Tuesday, 14 September 2021 20:39
NEPZA boss calls for Halal Trade/Marketing Center to enhance local producers’ access to multi-billion-naira trade
The Managing Director and Chief Executive Officer of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba has called for the establishment of world-class Halal Trade/Marketing Center to enhance local producers’ access to the multi-billion-naira trade. The halal business…
Friday, 10 September 2021 08:45
NEPZA boss' hails association over board chairman's excellence award
The Managing Director of Nigeria Export Processing Zones (NEPZA), Prof. Adesoji Adesugba, has expressed appreciation to the Association of Local Government Vice Chairmen of Nigeria over the conferment of its coveted" Award of Excellence" on the Chairman, NEPZA board, Hon.…
Friday, 13 August 2021 21:27
NEPZA Gives Two Weeks Extension for Bids’ Submission, Opening for Capital Projects
The Nigeria Export Processing Zones Authority (NEPZA) has extended date for opening and submission of both technical and financial bid documents for projects captured in the 2021 Capital Projects Expenditure to August 30. Prof. Adesoji Adesugba said the extension was…
Sunday, 08 August 2021 16:15
NEPZA, Delta Govt. move to re-activate moribund Koko Port FTZ
The Nigeria Export Processing Zones Authority (NEPZA) and the Delta State Government have commenced discussions on the possibility of re-activating the moribund Koko Port Free Trade Zone to attract investments and boost economic activities in the state. The parties agreed…
Wednesday, 21 July 2021 16:54
TEXT OF PROF. ADESOJI ADESUGBA, MANAGING DIRECTOR, NIGERIA EXPORT PROCESSING ZONES AUTHORITY’S MESSAGE ON THE OCCASION OF THE 2021 EID-EL-KABIR CELEBRATION TO STAFF OF THE NIGERIA EXPORT PROCESSING ZONES AUTHORITY(NEPZA)
It is with great sense of brotherliness and duty that I, the Managing Director, congratulate all staff of the Authority, particular the Muslims among us on this year’s Eid-El-Kabir celebration. The occasion re-echoes the trial and victory of Prophet (Abraham)…
Thursday, 15 July 2021 11:27
NEPZA to use Special Economic Zone to Revolutionise Sokoto’s Economy
The Nigeria Export Processing Zones Authority (NEPZA) says it is diligently deploying the Special Economic Zone Scheme to revolutionise the Sokoto State economic space. Prof. Adesoji Adesugba, the NEPZA Managing Director, made the remark while taking delivery of Certificate-of- Occupancy…
Sunday, 04 July 2021 14:56
NEPZA Seeks multiple partnerships with NSC to jerk-up FG’s non-oil sector deliverables
The Nigeria Export Processing Zones Authority (NEPZA) says it is ready to open multiple partnerships with the Nigerian Shippers Council (NSC) to significantly scale-up the Federal Government’s non-oil sector deliverables for the Citizens. Prof. Adesoji Adesugba, NEPZA’s Managing Director…
Monday, 21 June 2021 08:30
Senate describes Lekki free zone Quadrant, Eko Atlantic as national assets
The Senate Committee on Trade, Industry and Investment has described Dangote, Lekki, Alaro City, and the Lagos free zone which constituted the Lekki mega free zone quadrant and the Eko Atlantic free zone as multi-billion-dollar national assets. Sen. Francis Fadahunsi,…