He explained that the incentives include a three to five-year tax holiday for enterprises and industries; tax-free operations and capital allowances for agriculture, manufacturing and engineering within the nation’s free trade zones.
He however, stated that the essence of trade themed “Connecting businesses, creating value” portrays the realisation of the action plan of the present administration. He noted that the Federal Ministry of Industry Trade and Investment is reviewing and updating Nigeria’s National trade policy in order to firmly establish Nigeria as a worldwide trading hub and a regional leader, maintaining that the policy will aim to maximise the nation’s economic output, expand infrastructural development, promote business growth, industrialization and entrepreneurship.
He assured that his government would continue to create policies that would deliberately engender ease of doing business to enable the state to attract investments and allow businesses to thrive. Sanwo-Olu added that the state was tackling issues around climate change and stressed the need for innovation to address the development.
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