Nigeria Nets $27billion In 44 Free Trade Zones Investments

Prof. Adesoji Adesugba, has said, Nigeria’s investments in the 44 free trade zones across the country currently stand at over $27 billion, the Managing Director, Nigeria Export Promotion Zone Authority (NEPZA).

Adesugba,said the investments are expected to further spur economic diversification and job creation for the youths, adding that but for the outbreak of the COVID-19 pandemic, the Dangote Refinery would have commenced operations and opened up the economy quicker and better.

The Committee is to work out modalities on how best to promote investments in the agriculture, mining and tourism sectors with a view to creating employment, and increasing internally-generated revenues for the state in particular and Nigeria in general.


Discover more from LN247

Subscribe to get the latest posts sent to your email.

Advertisement

Most Popular This Week

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More from Author

Advertisement

Read Now

Passengers Injured as US-Bound United Airlines Flight Returns to Lagos Due to Technical Fault

A United Airlines Boeing 787-8, flying from Lagos to Washington Dulles, was forced to declare an emergency on Thursday and return to Lagos. Once the aircraft established its return path, the crew kept the emergency transponder code 7700 (signaling an emergency) active while communicating with the control...

Lagos Closes Oshodi Pedestrian Bridge Due to Safety Concerns

The Lagos State Government has announced the immediate closure of the pedestrian bridge linking Oshodi Bus Terminals 2 and 3, citing safety concerns. Authorities have raised alarms regarding the bridge’s structural integrity and overall safety. In a statement released on Friday, Lagos State Commissioner for Transportation, Mr. Oluwaseun...

JAMB 2025 Registration: What You Need to Know and Do as Exam Dates Approach

The Joint Admissions and Matriculation Board (JAMB) plays a pivotal role in shaping the educational future of Nigerian students by facilitating the unified tertiary matriculation exam. However, the 2025 registration process has been unexpectedly delayed, sparking anxiety and uncertainty among prospective candidates. With the exam dates fast...

Discover more from LN247

Subscribe now to keep reading and get access to the full archive.

Continue reading