Free zones attract $200bn FDI, create 500,000 jobs – FG
The Federal Government has said Nigeria’s free trade zones have attracted more than $200bn in foreign investment and over N900bn in domestic investment, while generating more than 100,000 direct jobs and over 500,000 jobs across supply chains, logistics networks and host communities. The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, disclosed this at Read More:…
The Federal Government of Nigeria has revealed that its free trade zones have attracted over $200 billion in foreign investment and more than N900 billion in domestic investment, generating more than 100,000 direct jobs and over 500,000 indirect jobs. The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, disclosed this at a meeting of Special Economic Zones stakeholders, stating that the government is revising the regulations to modernize the zones and strengthen their role in driving investment and non-oil exports.
The reforms aim to modernize the corporate and registry provisions, strengthen dispute-resolution mechanisms, and accommodate digital operations, thus preserving Nigeria's attractiveness as an investment destination.
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