NEPZA – InfoStride News

NEPZA to offer customs duties waiver, tax breaks to startups operating in Free Trade Zones

Temitope Nlewemchi — Wed, 19 Jun 2024 21:29:59 +0000

The Nigeria Export Processing Zones Authority (NEPZA) has stated it will offer startups and foreign businesses operating in free trade zones tax breaks, customs duties waiver and other incentives as part of measures to stem the growing tide of foreign business exit in the country. The Managing Director of NEPZA, Olufemi Ogunyemi told the News [...]

Source from InfoStride News

NEPZA and Cross River State Government Forge Strategic Partnership for Tinapa Free Trade Zone Revitalization

Temitope Nlewemchi — Tue, 23 Jan 2024 15:34:07 +0000

In a move that holds significant economic implications, the Nigerian Export Processing Zones Authority (NEPZA) and the Cross River State Government have announced a strategic partnership for the revitalization of the Tinapa Free Trade Zone. This collaborative effort aims to breathe new life into the economic potential of Tinapa, fostering trade, investment, and economic growth [...]

Source from InfoStride News

NEPZA and Cross River State Government Forge Partnership for Revitalization of Tinapa Free Trade Zone

Temitope Nlewemchi — Tue, 23 Jan 2024 13:31:13 +0000

In a significant development, the Nigerian Export Processing Zones Authority (NEPZA) and the Cross River State Government have announced a strategic partnership to revitalize the Tinapa Free Trade Zone. This collaborative effort aims to breathe new life into the economic potential of the Tinapa Free Trade Zone, fostering trade, investment, and economic growth in the [...]

Source from InfoStride News

‘FG accrues $20 billion investments from FTZs in 30yrs’

Temitope Nlewemchi — Wed, 16 Mar 2022 00:00:09 +0000

The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has established that Nigeria received a cumulative investment of $20 billion from Free Trade Zones in 30 years. The Minister stated this at the commissioning of the new Nigeria Export Processing Zones Authority (NEPZA) facility and unveiling of NEPZA’s new special economic zone security [...]

Source from InfoStride News

Custom Service Bill may cripple Free Trade Zones in Nigeria – NEPZA

Temitope Nlewemchi — Thu, 16 Dec 2021 23:54:35 +0000

The Nigerian Export Processing Zones Authority (NEPZA) has established that some sections of the proposed Custom Service reform bill may cripple the rollout and operations of Free Trade Zones in Nigeria. This was made known on Thursday in a statement by Mr Martins Odeh, Head, Corporate Communications, NEPZA. NEPZA warned that giving the Customs Service [...]

Source from InfoStride News

NEPZA to revive Borno Free Trade Zone despite unpaid licencing fees

Temitope Nlewemchi — Fri, 27 Aug 2021 19:48:06 +0000

The Nigeria Export Processing Zones Authority (NEPZA) is working with the Borno State Government to revive the comatose Banki Border Free Trade Zone in the state, the Managing Director, Adesoji Adesugba, has disclosed. Recall that the Banki Border Free Zone was given an operating licence in 2000 and subsequently renewed in September 2011 to grant [...]

Source from InfoStride News

NEPZA to boost Sokoto economy with special zone

Temitope Nlewemchi — Sun, 18 Jul 2021 18:38:33 +0000

The Nigerian Export Processing Zones Authority (NEPZA) has said it is diligently deploying the Special Economic Zone Scheme to revolutionise Sokoto State economic space. Prof Adesoji Adesugba, the NEPZA Managing Director made the remark while taking delivery of Certificate-of- Occupancy of 503.8 hectares of land for proposed world-class special economic zone to be sited in [...]

Source from InfoStride News