The Nigeria Export Processing Zones Authority, NEPZA has in four years attracted about $364.6 million in Foreign Direct Investment, FDI inflows into the country.
Managing Director, NEPZA, Prof. Adesoji Adesugba, who disclosed this at an interactive session in Abuja with Commerce and Industry Correspondents Association of Nigeria, CICAN, on the agency’s key performance indicators said between the year 2020 to the first quarter of 2023, about $103 million was recorded from international exports, while N1.14 trillion came from the domestic market.
He said apart from creating over thirty thousand jobs, the agency recorded over eight thousand skills transfers for the country during the period.
The NEPZA boss who noted that the the agency targets over ten thousand Free Trade Zones in the country, accused some government agencies of interfering with the law that established FTZs in the country.
He however, pointed out challenges militating against the effective operation of the agency as infrastructure deficit, imposition of levies and taxes within the zones, poor stakeholders’ engagement and gross interference by some agencies among others.
