NEPZA To Use Special Economic Zone To Revolutionise Sokoto’s Economy

15 July 2021 by MATHEW AYOOLA

The Nigeria Export Processing Zones Authority, NEPZA, says it will deploy the Special Economic Zone Scheme to revolutionise the Sokoto State economic space.

The Managing Director of NEPZA, Prof. Adesoji Adesugba made the remark while taking delivery of Certificate-of- Occupancy of 503.8 hectares of land for the proposed world-class special economic zone to be sited in the state from Governor, Aminu Tambuwal in Abuja.

Prof. Adesoji Adesugba said the State had been deliberately positioned to attract the right investments stating that investments could only strive where they were welcomed.

He explained that NEPZA was aware of the efforts put in to make Sokoto to occupy the second position of the recent national survey on Ease of Doing Business by the Governor noting that the State through that singular effort had worked its way to becoming a global business hub.

The NEPZA Managing Director explained that the Federal Government was applying the scheme to yield the desired result, saying that the new NEPZA was assiduously pursuing its mandate of using the free trade zone to revolutionise the country’s business environment.

“We are convinced that with diligent application of the principles of the scheme, we shall have the same benefits as countries like China, Malaysia, Singapore, South Africa, Kenya and Egypt that have also greatly leveraged on this scheme” He emphasized

Prof. Adesoji Adesugba therefore, congratulated the Sokoto Government and the good people of that state for joining the league of cities with special economic zones.

Earlier, Governor Tambuwal explained that the business ecosystem of the state was now ready for exploitations by the private sector.

According to him, it is incumbent on the administration to stimulate commerce in greater measure for the benefit of the people.

He added that the collaboration with NEPZA to help drive industrialisation of the state through the scheme was remarkable as the proposed Sokoto State Economic Zone when fully operational would improve growth indices.

The highpoint of the event was the agreement by the parties to set up an implementation committee for take-off of the laudable project.

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