Feature: Kano Free Trade Zone, Key To Nigeria’s Economic Revolution- NEPZA

Free Trade Zones were set up by the Nigerian Government to allow industries and businesses to operate at a low cost and tax-free environment, with a view to boosting manufacturing and export activities in the country. Since 1992 till date, the Nigerian Export Processing Zone Authority, NEPZA has licensed about 40 Free Trade Zones that have attracted over $20 billion Foreign Direct Investment into the economy. Out of the 40 Free Trade Zones only 14 are presently operational, including the Kano Free Trade Zone. NEPZA, while ensuring funds allocated by the Federal Government are prudently expended won the confidence of private sector investors to leverage on the potentials of the Zone in line with the Government’s industrialisation’s drive to reposition the Kano Free Trade Zone to run on full capacity and contribute massively to the Gross Domestic Product of the country as obtainable in other climes like Dubai and China.