Presidency clarifies status of SEZ company - Vanguard News Nigeria

From left, Minister of State for Petroleum Resources, Emmanuel Kachiukwu; Defence Minister, Alhqji Dan Ali; Attotnery General of the Federation. Abubakar Malami; Minister for Interior, Abdulrajman Danbazzau; Budget and National Planning Minister, Senator Udo Udoma; Transport Minister, Rotimi Amaechi; Minister for Niger Delta Development, Pastor Usain Uguru; National Security Adviser, Gen. Babagana Mongunu and the Chief of Staff to the President.

“Indeed, Project MINE was necessitated by the following factors: Lack of operating competitiveness that limits the growth of the zones, despite the presence of generous fiscal and regulatory incentives. the lack of appropriate link between the industrialization strategy of government and the Free Trade Zones.”

Other objectives include the promotion of “cluster” effect to be gained by locating similar export-oriented manufacturing businesses within the same locality, attract world class investors with strong positions in global supply chains and investors with potential to increase the scale of operations rapidly to set up operations in SEZs; and to create an enabling environment for SEZ businesses by instituting best in class legal and regulatory frameworks, using technology and streamlined processes...

NSEZCO is a public private partnership company to operate world-class standards of governance and management, to facilitate mobilization of capital and other resources from PPP partners, in order to overcome budgetary constraints to the provision of critical infrastructure for SEZs.

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