President Buhari Approves N100 Billion lifeline for NEPZA

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The N100 billion made available by the Federal Government assisted in no small way to give the Kano free trade zone a lease of life after a 15-year non-completion of the project, the acting Director General of the Nigeria Export Processing Zone, Authority (NEPZA ), Terhemba David Nongo ,has said.

The Ag DG who was addressing the media in Abuja on the activities of his organisation revealed that in 2017, he travelled to Ethiopia in company of former minister of Trade and Industry Dr. Okechukwu Enelemah; former Director General of NEPZA, Mr. Jime, to Ethiopian industrial park to understudy the Ethiopia industries park which occupied more than 30 square metres in a lonely place where the government has to construct a rail line to reach.

According to him, the Ethiopian Government has to construct three industrial parks with each costing N100 billion which is exactly what President Buhari wanted us to do. This is exactly what we are intending to do in Calabar and the Kano Export processing zone, which will create employment opportunities when completed.

Presently the Federal Government has established industrial parks in several zones in the country, which, according to him, will provide 350 indirect jobs and yield more foreign exchange.

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