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 Nigerian government has reported that its free trade zones have attracted over $200bn in foreign investment and more than N900bn in domestic investment, while generating more than 100,000 direct jobs and over 500,000 jobs across supply chains and logistics networks. Dr Jumoke Oduwole, the Minister of Industry, Trade and Investment, disclosed these figures at a meeting of Special Economic Zones stakeholders.
The government is currently revising the Nigeria Export Processing Zones Authority regulations to modernize the regulatory framework governing the zones and strengthen their role in driving investment and non-oil exports. The reforms aim to recognize Digital Free Zones and Digital Special Economic Zones, modernize corporate and registry provisions, and strengthen dispute-resolution mechanisms.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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