Free trade: NEPZA boss lauds FG's efforts   

Free trade: NEPZA boss lauds FG’s efforts   

Business

Free trade: NEPZA boss lauds FG’s efforts   

From Atiku Sarki, Abuja  

 

The Acting Managing Director, Nigeria Export Processing Zones Authority, (NEPZA), Mr. Bitrus Dawuk has hailed President Muhammadu Buhari’s commitment toward effective management of the free zone scheme for the post covid-19 economic recovery.

 

Dawuk said this in a statement issued by Head, Corporate Communications, NEPZA, Martins Odeh recently in Abuja.

He was speaking at a Webinar online conference organized by a Dubai-based free zone training and management consulting company, CTP International FZLLE for selected industry experts across the world, recently.

The NEPZA boss said the authority was enthused by the president’s special interest to ensure the scheme surmounts all prevailing challenges so as to leverage on the opportunities provided by the scheme to accelerate attraction of Direct Foreign Investment (DFI) into the country.

Dawuk stated that the authority had enjoyed some considerable increase of budgetary allocation since the president discovered the need to support the sector to perform optimally, stressing that the president’s exposure to the Chinese free zone scheme had positively rubbed off on NEPZA and the country free zone as a whole.

Meanwhile, Dawuk, said the COVID-19 presents both challenges and opportunities for free zones world-wide.

He explained that the current era has also challenged the manufacturing value addition of free zone enterprise and disrupted the global supply chain.

The acting chief executive said the pandemic presented opportunities in the area of International trade and production as most manufacturers around the world were looking to diversify the supply chains.

According to him, NEPZA is prepared to cash in on the prevailing business environment by developing robust actionable plans to reposition the country’s free zone for maximum investor attraction and retention in post COVID-19 and Brexit era.

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