Free Trade Zones Operators, Enterprises must justify incentives- NEPZA

Nigeria Export Processing Zones Authority (NEPZA) says #FreeTradeZones Management Companies and enterprises operating within free zones must henceforth increase their production volumes for exports to justify government’s incentives and waivers that drive the scheme.

NEPZA’s Managing Director Dr Olufemi Ogunyemi, gave the directive after rounding-off his maiden inspection tours of some Free Trade Zones in Calabar and Lagos states.

The Managing Director of the Agency says the Federal Government is on the verge of auditing the contribution of the scheme to the economy and as such, all the Free Trade Zone Management Companies and their enterprises were to justify government’s incentives and waivers.