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The Nigeria Export Processing Zones Authority (NEPZA) and the Cross Rivers government have agreed to take steps to immediately commence the revamping of the Calabar free trade zone.
The two authorities agreed on the measures to restore the status of the zone, when Prof. Adesoji Adesugba, the Managing Director of the Authority, paid the Cross Rivers State Governor, Prof. Ben Ayade, a courtesy visit on Thursday in Calabar.
Adesugba had embarked on a three-day working visit to Calabar to ascertain the state of the zone.
The managing director said there was an urgent need to restore the status of the zone in line with the initial thoughts of the Federal Government for it to be a special business enclave to spark up economic growth and industrialisation of both the southern region and the country as a whole.
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