Business News
Nigeria will make export processing zones competitive – President Yar’adua
Jun 28, 2007, 08:24
| | President Umaru Musa Yar’adua has assured the Nigeria Export Processing Zones Authority that his administration would accelerate the passage of a bill to create a competitive atmosphere for the companies in the zones.
The President gave this assurance on June 27 at the State House, while speaking after the Managing Director of NEPZA, Mr. Sina Agboluaje, briefed him on the activities of the Authority.
He said his administration shall accelerate action to pass the bill, and support the efforts of the Authority to improve the atmosphere in which the zones are operating.
President Yar’adua appealed to companies in the free zones to bear with government while the bill goes through the process of passage.
Earlier, Mr. Agboluaje had said NEPZA oversees 22 free zones in the country, with a potential for cumulative investment of $100bn, if policies were consistent and the companies were given access into the Nigerian market.
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