The Nigeria Export Processing Zones Authority and the House of Representatives Committee on Public Accounts have vowed to activate and strictly enforce regulations guiding operations within Free Trade Zones to ensure prompt and full remittances into the Federation Account. This resolution was reached during an oversight visit by the House Committee on Public Accounts, led…
The University of Abuja and Abuja Chamber of Commerce and Industry (ACCI) have urged the Nigeria Export Processing Zones Authority (NEPZA) to set up a free trade zone right on the University campuses. The Vice Counsellor of the University of Abuja, Prof Na’Allah Abdulrasheed who made this request was speaking at a meeting between UofA,…
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…
From Left: Alhaji Muazu Ruma, Technical Adviser Zones Development NEPZA, Senator Tijani Yahaya Kaura, MD/CEO OGFZA, Prof. Adesoji Adesugba, MD/CEO NEPZA, Hon (Dr.) Richard Gbande, Deputy Chairman, House of Representatives Committee on Commerce and Trade, Mr. Adekunle Ajayi, Director OGFZA, at a function in Lagos Today 18/8/22
The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have agreed to adjust some sections of the recently signed Memorandum of Understanding (MoU) on the efficient management of the free trade zones tax system in order to accommodate salient concerns of the stakeholders. Recall that the agencies on June 7…
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…
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….
Prof. Adesoji Adesugba, MD NEPZA and the Executive Chairman of FIRS, Mr Nami Muhammad display agreement after signing MoU on new Tax Schedule for the Free Trade Zones Scheme today in Abuja.
The Nigeria Export Processing Zones Authority (NEPZA) has begun training for 40 of its personnel to boost security architecture in all special economic zones in the country. The ongoing exercise, which is being done in collaboration with the Department of State Services (DSS), was inaugurated on Monday in Lagos. The Managing Director of NEPZA, Prof….
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…
