The Nigeria Export Processing Zones Authority has announced the licensing of Abuja Industrial Park, ZEBERCED, Free Zone with an initial $150 million investment portfolio.
The Zone is expected to boost export and manufacturing businesses when it takes off.
A statement by the Head, Corporate Communications NEPZA Dr. Martins Odeh, quoted the Authority’s Managing Director, Olufemi Ogunyemi as saying that the new business ecosystem is sitting on 250 hectares as it would be home to over 170 factories and to generate 40,000 employment.
The Managing Director while handing over the Operating Licence to the Turkish owners of the private zone said that the zone which would be located in Idu Industrial layout Phase IV has the capacity to greatly impact the nation’s economy through sustained export of manufactured goods.
He said: “Today marks another excellent moment for us in the Authority as we continue to deliver on our mandate of managing the Free Trade Zone scheme in line with the Federal Government directive.
“This latest Abuja Industrial Park Free Zone will change the business configuration of the Federal Capital City and spur the landscape for global export competitiveness and to boost the country’s employment index.
“Let me congratulate those behind this lofty project and encourage other local and international players to explore the country’s free zone scheme as it offers some of the best global incentives,’’
Managing Director, Free Zone, Mr Adil Kurt, expressed satisfaction with the one-stop-shop policy of the government that sped up the registration process, adding that the zone would be the ideal hub for manufacturing and export.
