• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Sunday, August 31, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Nigeria laying firm foundation for industrialisation

The Matters Press by The Matters Press
December 4, 2020
Reading Time: 2 mins read
0
Covid-19 causes GDP’s contraction


By Tanko Mohammed

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

Prof. Adesoji Adesugba, Managing Director of Nigeria Export Processing Zones Authority (NEPZA), has said the government was laying enduring solid foundation for the industrialization of Nigeria.

Mr Martins Odeh, Head, Corporate Communications of NEPZA, said in a statement on Friday that Adesugba made the remarks at global business audience via webinar at the 5th Annual Meeting of the Africa Economic Zones Organisation.

Adesugba focused his discussion on the Nigerian Special Economic Zones business case and provided the thought about how the scheme could serve the implementation of the African Continental Free Trade Area (AfCTA).
Adesugba, said the Dangote Industries Free Zone, Lekki, Lagos and a host of other private zones with a cumulative investment of over 20 billion US dollar provided the country with a firm foundation toward realizing its industrialization roadmap.

The NEPZA boss explained that the establishment of petrochemical industries, the fertilizer companies and Deep Seaports on economic zones had already attracted an inflow of over 20 billion US dollars for the nation.

“The Free Zones concept in Nigeria has come to stay and no matter how challenging the task might be, it is our conviction that within two to three years, some of these investments would come to fruition.

“The Nigeria’s story on using the zones to ignite production, to create jobs for our teeming youth, and to attract both Local Direct Investment and Foreign Direct Investment is positive and inspiring.

“There are challenges, but the political will to address those challenges is now certain. NEPZA as a regulatory body is assiduously committed to implementing the vision of the government in using the scheme to create wealth and prosperity for the citizens,’’ he said.

Adesugba said: “while tackling these challenges, the government is working to revamp and make the special economic zones project more possible so as to attract the needed investment to this part of the world.’’

The managing director reiterated that President Muhammadu Buhari had special conviction that NEPZA could power the country’s economic growth through the free trade zone scheme.

He added that such conviction again was displayed with the recent approval and designation of six economic zones across the country.

“NEPZA is, however, set to start the development of three of those zones in 2021 with Public Private Partnership arrangement. So, interested investors from all over the world are welcome to join us in this initiative’’.

Adesugba stated that Nigeria was on the verge of unveiling its maiden Medical Special Economic Zone next year, adding that a special business area for world class hospitals and pharmaceutical industries would reduce medical tourism which encouraged huge capital flight abroad.

“The medical is important especially in this era when the nation and other nations in the world are battling with the Covid-19 pandemic and the attendant negative effects on both Africa and global logistics’’, he said.

Tags: Industrialisation
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Aisha Buhari tasks First Ladies on peace building, conflict prevention

Aisha Buhari tasks First Ladies on peace building, conflict prevention

Opposition hatching plan to put democracy on hold

EndSars: The protests that turned sour

Recommended Stories

Stable petrol supply excites Buhari

Stakeholders call for judicious use of fuel subsidy funds

July 31, 2023
Nigeria key to African blue economy – Korean envoy

Mariners laud new Blue Economy ministry, seek harnessing of potential

August 18, 2023
SON alerts on second hand gas cylinders

Average price of 5kg cooking gas hits N4,588.75 – NBS

February 25, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us