NEPZA Goes Tough on Contractors, Warns on Call-ups of Contract Bonds of Willful Projects’ Delays

The Nigeria Export Processing Zones Authority (NEPZA) has vowed to call up contract bonds from contracted companies that decided to willfully prolong execution of assigned projects with the hope of triggering `variation clause’. Prof. Adesoji Adesugba, Managing Director of the Authority, dropped the hint in Abuja after receiving Report of the NEPZA 2017-2021 Capital Projects…

Read More

NEPZA Secures $100m Investment for New Lekki Special Medical/Pharms FZ

The Nigeria Export Processing Zones Authority (NEPZA) has secured an anchor tenant, Ash Biomedical Diagnostics Limited which is prepared to without delay invest initial 100-million-dollar capital in the production of variety of medical equipment in the freshly approved Medical/Pharmaceutical Special Free Zone in Lekki, Lagos. Prof. Adesoji Adesugba, NEPZA Managing Director, dropped the hint on…

Read More

NEPZA, FIRS New Tax Pact to Enhance Trust in Free Zones’ Incentives- Prof Adesugba

The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba has said that the new tax pact with the Federal Inland Revenue Service (FIRS) was aimed at enhancing better understanding of the Free Trade Zones Scheme’s tax-exempt index so as to end the long years of unbridled suspicion over its implementation….

Read More

Concession of Calabar, Kano FTZs Remains FG’s Economic Solution to Accelerate Industrialisation-MD NEPZA

Prof. Adesoji Adesugba, Managing Director of the Nigeria Export Processing Zones Authority (NEPZA) has reiterated that the planned concession of the country’s two public free trade zones remains Federal Government best economic approach to use the scheme to accelerate industrialisation of Nigeria. Adesugba, also Chief Executive Officer of NEPZA, made the remark on Tuesday via…

Read More