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Tag: NEPZA

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NASS, NEPZA urge sustainable strategies for free trade zone communities

The National Assembly and the Nigeria Export Processing Zones Authority have urged operators of Free Trade Zones to develop and implement more effective, sustainable strategies to support the growth and regeneration of their host communities. Both bodies highlighted the need for operators to ensure that local communities derive significant benefits from the presence of these […]

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Free zones remits ₦11.11tn to FG in 2023 – NEPZA

The Nigeria Export Processing Zones Authority an organization under the Federal Ministry of Industry, Trade, and Investment, has said that remittances from the country’s Free Zones to the Federation Account reached ₦11.11 trillion in October 2023. This was disclosed by the Managing Director of NEPZA, Olufemi Ogunyemi, while speaking at the visit of members of […]

How Free Trade Zone generated N35.1bn in 2020 - NEPZA
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How Free Trade Zone generated N35.1bn in 2021 – NEPZA

The Nigeria Export Processing Zones Authority has reported that the Free Trade Zones scheme brought in a total of N35.1 billion in customs duties for the government in 2021. According to Premium Times, the organization said that in 2021, N408.3 million was also remitted as Pay As You Earn taxes. The managing director of NEPZA, Adesoji Adesugba, […]