'Four Free Trade Zones Attract $8bn Investments'   Four free trade zones have attracted a total investment of $8bn within their years of operations, contributing to local economic activity and fostering international trade relations, officials of the FTZs have said. The zones, located in Lagos State include...

NEPZA Says Irregular Shipping Services, Others Threaten Manufactured Products The Nigeria Export Processing Zones Authority (NEPZA), the agency in charge of licensing of these zones has said infrastructure deficit, legal disputes, failure to raise capital, insecurity and the general harsh economic environment are leading reasons...

Economic Zones Attracted $364.6m FDIs In Four Years - NEPZA   The Managing Director/Chief Executive, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has disclosed that the country attracted $364.6 million in Foreign Direct Investments (FDIs) between 2020 and the first quarter of the year...

Nigeria’s Free Trade Zones Generates $46.4bn Investment The Federal Government says the Nigeria free trade zones attracted over $46.6 billion investment into the nation’s economy. Managing Director of the Nigeria Export Processing Zones Authority, Adesoji Adesugba, and his counterpart from the Oil and Gas Free Zones...

Unremitted Funds: Reps Order NEPZA To Refund N13.3bn To FG   The House of Representatives on Tuesday asked the Nigerian Export Processing Zones Authority (NEPZA) to refund to the sum of N13.3 billion unremitted funds to the federal government’s treasury. The House adhoc committee on unclaimed funds,...

Rail Line Construction Needed in Lekki Trade Zone to Alleviate Gridlock - Reps In order to alleviate traffic gridlock associated with the Apapa Port, the House of Representatives Committee on Commerce has called for the construction of a rail line through the Lekki Free Trade...