Again, the Nigeria Export Processing Zones Authority (NEPZA) has expanded the country’s manufacturing and export indexes by licensing the Abuja Industrial Park (ZEBERCED) Free Zone with an initial $150m investment portfolio.
The government’s free zones located across Nigeria’s six geographic areas have undoubtedly continued to contribute to the economy, especially with increased revenue and employment generation.
NEPZA’s Managing Director, Olufemi Ogunyemi, remarked during the handing over of the operating licence to the Turkish owners of the private zone that the new business ecosystem, sitting on 250 hectares, would be home to over 170 factories expected to generate 40,000 jobs for Nigerians.
The agency’s Chief Executive Officer further explained that the zone, located at Idu Industrial Layout Phase IV in the Federal Capital Territory, could significantly impact the nation’s economy through sustained export of manufactured goods.
He said, “Today marks another excellent moment for us in the Authority as we continue to deliver on our mandate of managing the Free Trade Zone scheme in line with the Federal Government directive.
“This latest Abuja Industrial Park Free Zone will change the business configuration of the Federal Capital City and spur the landscape for global export competitiveness that will boost the country’s employment index.
“Let me congratulate those behind this lofty project and encourage other local and international players to explore the country’s free zone scheme as it offers some of the best global incentives.”
Earlier, the Managing Director of the Abuja Industrial Park (ZEBERCED) Free Zone, Mr Adil Kurt, expressed satisfaction with the government’s one-stop-shop policy for speeding up the registration process, adding that the zone would be the hub for manufacturing and export.
