NEPZA Boss calls on organized private sector to use free trade zones as buffers

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

Audi electrifies FC Bayern Munich (Photos)

Enabled by the partnership with Audi: FC Bayern Munich is the first international football club to drive using electric...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba has urged the Organised Private Sector (OPS) to patronise free trade zones across the country to ward-off widespread business uncertainty brought about by Covid-19 pandemic.

Adesugba made the call when he paid a courtesy visit on the President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA, Hajia Saratu Aliyu on Monday in Abuja.

NEPZA Boss calls on organized private sector to use free trade zones as buffers
NACCIMA, Abuja Chamber of Commerce and Industry (ACCI) welcomes their illustrious former member Managing Director Prof. Soji Adesugba earlier today as they pledge their support to NEPZA to help drive industrialisation through private sector partnership. | www.brandspurng.com

Mr Dele Oye, 2nd Deputy President of the association, Prince Adetokunbo Kayode, SAN, President, Abuja Chambers of Commerce and Industry were other officials of the organised private sector at hand to receive the NEPZA boss.

Adesugba was before his appointment the National Legal Adviser of NACCIMA.

- Advertisement -

The NEPZA boss said the industrialization of the country could be achieved faster if the government and the Private Sector work together, adding that NEPZA will continue to partner with the Private Sector.

NEPZA Boss calls on organized private sector to use free trade zones as buffers
NACCIMA, Abuja Chamber of Commerce and Industry (ACCI) welcomes their illustrious former member Managing Director Prof. Soji Adesugba
earlier today as they pledge their support to NEPZA to help drive industrialisation through private sector partnership. | www.brandspurng.com

“NEPZA holds a double status as a facilitator and promoter of investments’ free business environment and a regulator that ensures compliance to standards.”

“The organization that I head was set up to manage and regulate free trade zones. The free trade zone is the only business enclave now that guarantees nearness to markets dislocated by a strain in global transportation and logistics against devastating effects of the Covid-19 pandemic.”

- Advertisement -

“The pandemic as we are aware continues to distort business logistics globally and so, global investors are looking for workable free trade zones to move into. Doing so would guarantee the preservation of the supply chains and their investments,’ Adesugba said.

He, therefore, urged the business community to consider patronizing the country’s 42 free trade zones with a view to reducing the negative impact of the prevailing pandemic on their businesses.

“The supply chain management is going to be critical as Covid-19 has changed business logistics, but if we can take advantage of the various incentives which include tax holiday, absence of customs duties and absence of several other multiple taxes charged outside of the zones then our businesses can stay afloat,’’ Adesugba said.

The NEPZA chief executive further said the Authority was working assiduously to introduce a variety of Economic Special Zones (ESZ), adding that Medical, Solid Mineral, Agriculture and Technology were to be considered.

Read Also:  THE LATEST BUSINESS COMPETITIVENESS RANKING: HOW CLOSE IS NIGERIA TO THE PROMISED LAND?
- Advertisement -

Adesugba explained that the establishment of Constituency Industrial Parks in the over 300 Federal Constituencies were also been contemplated, adding that the Authority could only achieve the industrialization of the country with the active participation of the organized private sector.

The NEPZA boss, however, expressed delight on the business knowledge and exposure he garnered while being An active member of the association, promising that he will use his experience to deliver positively as head of the agency.

Earlier, the NACCIMA president had thanked President Muhammadu Buhari for appointing a member of the association as NEPZA chief executive as according to her, the president’s eyes have gone for the best in investment promotion and management in the country.

Aliyu said Adesugba’s commitment to excellence, transparency, Due process and probity would make him reposition NEPZA as the pride of the country.

She further explained that members of the association were prepared to collaborate and support the Authority to achieve its mandate, adding that the country’s free trade zone scheme remained secured for investors and should be exploited.

On his part, Prince Adetokunbo Kayode SAN said the Abuja Chambers of Commerce and Industry would support Adesugba to have a successful tenure in NEPZA, adding that the chambers had approved that NEPZA becomes an automatic member of the chambers’ Council.

Read Also:  Equity Market Gains 0.42%, Sustains Yesterdays Uptrend

“We want to broaden our operations, we hope that when we come asking for NEPZA’s partnership and support, it will be there for us. We are indeed grateful to the government for appointing our man as head of this very important agency,’’ the former Minister of Justice and Attorney-General of the Federation said.

Kayode also agreed with Adesugba’s plans towards creating more Special Economic Zones, as according to him, the organized private sector will help by deploying expertise for the actualization of the country’s industrialization.

NEPZA officials were taken on an inspection tour of the association’s Business Entrepreneurship Skills and Technology (BEST) Center, Gemological Institute of Nigeria (GIN) and the Ministry of Mines and Steel Development Jewellery Center respectively.

The highpoint of the visit was the decoration of the NEPZA chief executive as NACCIMA Ambassador.

- Advertisement -
NEPZA Boss calls on organized private sector to use free trade zones as buffers - Brand SpurNEPZA Boss calls on organized private sector to use free trade zones as buffers - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEPZA Boss calls on organized private sector to use free trade zones as buffers - Brand SpurNEPZA Boss calls on organized private sector to use free trade zones as buffers - Brand Spur

Latest News

Nigerian Government doing a poor job on water/sanitation and health care, citizens say.

Even before the COVID-19 pandemic, a majority of citizens say they went without needed medical care and clean water...

Polaris Bank Appoints Segun Opeke as Executive Director

Polaris Bank Limited has announced the appointment of Mr. Segun Opeke as an Executive Director of the Bank by the Board of Directors and...

Nosir Releases the New Music Project, ‘My Episode’

The new record features 10 hip-hop tracks that admit his rap prowess. 20 September 2020 - Nosir, rap artist and founder of Spade Gospel...

Mega deals as Konga Freedom Sales goes live today

All is set for the 2020 edition of the Konga Freedom Sales, an annual promotion by the foremost composite e-Commerce giant targeted at celebrating...

Audi electrifies FC Bayern Munich (Photos)

Enabled by the partnership with Audi: FC Bayern Munich is the first international football club to drive using electric power. The stars of the...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -NEPZA Boss calls on organized private sector to use free trade zones as buffers - Brand SpurNEPZA Boss calls on organized private sector to use free trade zones as buffers - Brand Spur