The economic zones, according to the minister, are located at Lekki, Enyimba, Funtua, Ibom, Calabar, Bauchi, Kwara, Kano, Benue, Gombe and Ekiti.
The minister also disclosed that there are opportunities for investment in the automotive industry as the country is seeking to catalyse the local assembly of at least 400,000 vehicles per annum. Speaking further on the effect of the pandemic, he said, “This led to a significant disruption of supply chain, production and trade activities as factories and plants were closed while commercial activities and movement of goods and services within the country were severely constrained; culminating in job losses and downsizing by various businesses; which may affect their Investment and encourage capital flight if not addressed critically.
According to him, “This government recognizes Foreign Direct Investment especially inflows from Diaspora Nigerians as a key driver in achieving this recovery growth plan. This is because according to the Central Bank of Nigeria , Nigeria hit $17.57 billion in direct remittance inflows from overseas in 2019, hence we are looking to leverage this summit to encourage more capital inflow as we affirm our commitment to improving the ease of doing business.