The Management of the Nigeria Export Processing Zones Authority (NEPZA) has reaffirmed that its law enforces a 10-year ban on industrial strikes and lockouts in the Free Trade Zones. Dr. Olufemi Ogunyemi, Managing Director of the Authority, made the statement in Abuja, following frequent and excessive external union infiltrations that have destabilised the smooth operation…
The Nigeria Export Processing Zones Authority (NEPZA) and the Nigeria Drug Law Enforcement Agency (NDLEA) have decided to improve their cooperation to support the One-Stop-Shop framework of the Federal Government across all Free Trade Zones. The agreement was reached during a phone call between Dr. Olufemi Ogunyemi, MD/CEO of NEPZA, and Gen. Buba Marwa (rtd.),…
The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title. Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw…
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….
