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N1 5Bn investment into Kano Free Trade Zone timely - NEPZA | The Guardian Nigeria News - Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News

The successful attraction by the Federal Government, of investment worth N1.5bn into the Kano Free Trade Zone (KFTZ) is not only timely, but also changes the fortunes of the city as an investment destination, the Managing Director, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba has said. Recall that government through its various incentives was recently able to attract Sunbelt Free Zone Enterprise to invest in the Kano Free Trade Zone, as part of efforts to create employment and contribute more to the Federal Government’s Internally Generated Revenues (IGR) via payment of taxes. x According to him, when operational, Sunbelt has the capacity of engaging 3,000 direct and indirect labour, stressing, “We are happy with this feat, this is the kind of investment the Federal Government is expecting us to sustain, it is the authority’s desire at this stage to position Nigeria for competitiveness in order to benefit maxim

NEPZA, Cross Rivers govt agree on steps to revamp Calabar free trade zone

Share 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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