{"id":25184,"date":"2020-05-16T20:05:34","date_gmt":"2020-05-16T20:05:34","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=25184"},"modified":"2020-05-16T20:08:02","modified_gmt":"2020-05-16T20:08:02","slug":"how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors","title":{"rendered":"How reforms in free zones can strengthen Nigeria\u2019s economic growth- Investors"},"content":{"rendered":"

Africa Press-Nigeria:<\/p>\n

Investors in Nigeria\u2019s Free Zones sector have proffered ways to strengthen the Nigerian Export Processing Zones Authority (NEPZA) and the Oil and Gas Free Zones Authority (OGFZA) for better performance.<\/p>\n

Apart from the ongoing reforms initiated by the Federal Ministry of Industry, Trade and Investment, which has culminated in the government\u2019s amendment of foundation laws for the two agencies, they demanded other fundamental regulatory changes in the sector.<\/p>\n

Also, they called for a technical audit of the country free zones as part of the ongoing reform, to determine their viability and relevance to the continued development and growth of the Nigerian economy.<\/p>\n

Besides, they urged the government to sustain the policy actions already taken by the Minister of Industry, Trade and Investment, Adeniyi Adebayo, and the Minister of State in the Ministry, Mariam Katagum, to sanitise the sector and create a level playing field for all operators.<\/p>\n

The investors include Eko Support Services Free Zone, Lagos; Brawal Oil Services Limited; Marine Club of Nigeria; the Institute of Export Operations and Management, Onne; and Notore Power and Infrastructure Limited, Onne, Rivers State.<\/p>\n

The president of the Marine Club of Nigeria, Chinedu Jideofo-Ogbuagu, and a director in the Institute of Export Operations and Management, Paul Akande, said they fully endorsed the ongoing reform initiatives by the ministry to make the sector more viable.<\/p>\n

Consolidate gains of reforms
\nMessrs Jideofo-Ogbuagu and Akande urged the ministers to consolidate the gains of the reforms by instituting a technical audit of the operations of the free zones in the country to determine their viability and relevance to the Nigerian economy.<\/p>\n

\u201cThe new dawn in the nation\u2019s free zones industry should enjoy the support of all operators who despaired over the confusion and unnecessary bickering of the past,\u201d Mr Jideofo-Ogbuagu said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Press-Nigeria: Investors in Nigeria\u2019s Free Zones sector have proffered ways to strengthen the Nigerian Export Processing Zones Authority (NEPZA) and the Oil and Gas Free Zones Authority (OGFZA) for better performance. Apart from the ongoing reforms initiated by the Federal Ministry of Industry, Trade and Investment, which has culminated in the government\u2019s amendment of […]<\/p>\n","protected":false},"author":62,"featured_media":17914,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[880,855],"class_list":["post-25184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-economic-council","tag-oil-exports"],"yoast_head":"\nHow reforms in free zones can strengthen Nigeria\u2019s economic growth- Investors - Nigeria<\/title>\n<meta name=\"description\" content=\"Africa Press-Nigeria:Investors in Nigeria\u2019s Free Zones sector have proffered ways to strengthen the Nigerian Export Processing Zones Authority\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How reforms in free zones can strengthen Nigeria\u2019s economic growth- Investors\" \/>\n<meta property=\"og:description\" content=\"Africa Press-Nigeria:Investors in Nigeria\u2019s Free Zones sector have proffered ways to strengthen the Nigerian Export Processing Zones Authority\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-16T20:05:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-16T20:08:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/2019\/11\/oil-field.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"437\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"How reforms in free zones can strengthen Nigeria\u2019s economic growth- Investors\",\"datePublished\":\"2020-05-16T20:05:34+00:00\",\"dateModified\":\"2020-05-16T20:08:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors\"},\"wordCount\":311,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/11\/oil-field.jpg\",\"keywords\":[\"economic council\",\"oil exports\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/how-reforms-in-free-zones-can-strengthen-nigerias-economic-growth-investors\",\"name\":\"How reforms in free zones can strengthen Nigeria\u2019s economic growth- Investors - 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