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Nigeria: Nepza Attracts U.S.$76.8 Billion Investments to 4 Industrial Cities

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Posted on October 27, 2016

By Francis Arinze Iloani

The Nigeria Export Processing Zones Authority (NEPZA) has attracted $76.8bn worth of investment to four industrial cities across the country.

The Managing Director of the NEPZA, Gbenga Kuye, revealed this in Abuja. Kuye said that the authority attracted $18bn investment to the Ogidigben Industrial Park in Delta State, which is an industrial hub for gas.

The NEPZA boss said that his agency attracted $38bn investment to the Nigeria International Commerce City, which is also known as the Eko Atlantic City.

He said that the Eko Atlantic City has 13 bridges within it, world class roads and underground drainage designed to be not only a hub for manufacturing but for services as well.

He also said that $2.8bn and $18bn had been attracted to Maritime Badagrey City and the Centenary City respectively.

Out of the 34 free trade zones in Nigeria, Kano and Calabar free trade zones were regulated by the NEPZA because they were established by the federal government.

Source: http://allafrica.com/stories/201609300977.html


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