The Nigeria Export Processing Zones Authority says it has entered into partnership with the World Bank and the International Financial Co-operation to develop infrastructure in the Free Trade Zones across the country.
NEPZA says the new partnership will help in attracting more Foreign Direct Investment to the Nigerian economy.
Acting Managing Director of The NEPZA, Bitrus Dawuk disclosed this when the World Bank and the International Financial Co-operation delegation paid him a courtesy visit in Abuja
Mr. Bitrus adds that one of the bottlenecks affecting the optimal performance of Free Trade Zones is NEPZA’s obsolete legislations that is in the process of being amended by the National Assembly.
Leader of the delegation, Feyi Boroffice says the visit was aimed at strengthening relationship with NEPZA by providing an enabling environment to attract more foreign investors into the country.
Related posts:
NEPZA threatens to revoke Licenses of Inactive Free Trade Zones
AFDB partners Nigeria to develop Agro-Industrial Processing Zones
NEPZA to partner Binance on Virtual Free Trade Zone in Nigeria
Customs restricts rice import in free trade zones
Niger state govt set to establish free trade zones
Ministry of Housing partners IFC to deepen collaboration on reforms
FG, AfDB to develop agro-industrial zones
Bank of Ethiopia, IFC sign accords to support private sector
