"> NEPZA Boss Woos Halal Investors Toward Free Trade Zones - Sahel Standard
September 23, 2020
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NEPZA Boss Woos Halal Investors Toward Free Trade Zones

The Managing Director of Nigerian Export Processing Zones Authority,
Prof Adesoji Adesugba has called on investors in Halal industry from all
over the world to patronise the Nigeria’s free trade zones ahead of the
commencement of the African free trade zone agreement (AFCTA).

Adesugba made the call while delivering his address titled: “The Role of Free
Trade Zones in Booming Halal Global Business’’ to investors audience via webinar
on Saturday in Lagos.

The NEPZA boss said the free trade zones offered juicy incentives to halal
investors who could use Nigeria as a location for production of variety of
business value chains.

Adesugba, who reeled out some pertinent statistics that confirmed Nigeria as
a huge market compared to other countries in the West African sub-region,
said the country’s business environment held a lot of promises as it was fully
linked and intertwined.

According to Adesugba, investors should not just consider Nigerian population
but strategically review the entire West African market extending to the entire
sub-saharan Africa as markets of opportunities which can be serviced through
Nigerian production point.

“Investors should see beyond Nigerian huge population. Nigeria is almost a
representative of African market. So investing in Nigeria is a bold entrance into
African market. Halal investors should count on robust investment infrastructure
provided by the over 40 free trades zones dotted across the country.

“You are offered opportunities that guarantee ease of take off and flourishing
operations. We offer tax free regime and free import duties on imported raw
materials. You will be able to access generous incentives”, the managing
director said.

Elaborating further at the webinar attended by stakeholders from all over the
world, the NEPZA Chief Executive, stated that the free zones authority under
his leadership was opened to local and foreign investors in the halal industry.

The NEPZA also said that it was heartwarming to see that the sector was growing
exponentially worldwide.

“I agree, we need to address the issue of standardisation and
regulations. But we want to assure investors that Nigeria through NEPZA is
open for business. You are free to enter an existing zone or you can even apply
for a private zone. All opportunities are at your doorstep,’’ Adesuga said.

The webinar organised by the Abuja Chamber of Commerce and Industry was
attended by the Grand Mufti of Nigeria, Sheikh Sahrif Saleh; Naccima President,
Hajia Sarah Iya Aliyu; President, Abuja Chamber of
Commerce Prince Adetokunbo Kayode and other stakeholders.

Martins Odeh
Head, Corporate Communications
August 23, 2020

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