Nigeria’s Free Trade Zones Attract $46.4bn Investment

Nigeria's free trade zones attracted over $46.6 billion in investment into the nation’s economy. <br />Managing Director of the Nigeria Export Processing Zones Authority, Adesoji Adesugba, says trade zones being regulated by NEPZA attracted over $30 billion in investments since the inception of the scheme in 1992, while Kaura put the investments attracted by OGFZA since 1996 at $16.6 billion. <br />He says that the global business model was meeting its objective of fast-tracking economic growth and industrialization. <br />He says the decision of the Federal Government to key into this concept has remained legendary as the model has become a key driver of the nation’s economy.