No controversy over status of Nigeria SEZ Investment Company – Presidency - The Nation Nigeria

Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, stated this in a statement in Abuja on Wednesday.

He added that the Project MINE was envisioned by the Federal Ministry of Industry Trade and Investment to develop SEZs to world-class standards and position Nigeria as the pre-eminent manufacturing hub in sub-Saharan Africa and a major exporter of made in Nigeria goods and services regionally and globally.Lack of operating competitiveness that limits the growth of the zones, despite the presence of generous fiscal and regulatory incentives.

-Increase and diversify foreign exchange earnings to at least US$30bn annually by 2029, by increasing manufacturing sector exports; Create an enabling environment for SEZ businesses by instituting best in class legal and regulatory frameworks, using technology and streamlined processes to facilitate movement of people, goods and capital and easy access to government services, approvals and permits.’’

“By aggregating and harnessing FG’s investment in a strong corporate special purpose vehicle, NSEZCO will facilitate the mobilization of additional capital from development finance institutions and private investors. Ministry of Finance Incorporated is the shareholder, holding the FG’s interest of 25% in NSEZCO.

Arrangement to steal. Stories ,get electricity working

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Presidency clarifies status of SEZ investment company – Daily TrustThe Presidency has clarified the status of Nigeria SEZ Investment Company Limited (NSEZCO), also known as Nigeria Special...
Source: Daily Trust - 🏆 13. / 51 Read more »

Trade Ministry Clarifies Status of Special Economic Zone Company - THISDAYLIVEPeter Uzoho Following the altercation between the Minister of Trade, Industry and Investment, Okechukwu Enelamah, and the Senate last Monday over the controversial Special Economic Zone Company (SEZ), which led to the rejection of the ministry’s 2019 budget estimates by the Senate, the ministry has insisted that the company is genuine. The Senate Committee on …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Presidency clarifies status of SEZ investment company – Daily TrustThe Presidency has clarified the status of Nigeria SEZ Investment Company Limited (NSEZCO), also known as Nigeria Special...
Source: Daily Trust - 🏆 13. / 51 Read more »

FG spends N300bn on social investment programme - Presidency - Vanguard News NigeriaThe Federal Government has spent about N300 billion on the National Social Investment Programmes in the last three years. vanguardngr Karia ne! Show invoice
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Downstream operations buoyed by $30b investment, demand | The Guardian Nigeria News - Nigeria and World NewsAfrica’s downstream sector has seen an injection of $30 billion in investment, as the continent is one of the few regions where oil demand is expected to grow steadily for the next two decades, the African Refiners and Distributors Association (ARA) said Thursday.
Source: GuardianNigeria - 🏆 1. / 94 Read more »