The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Dr. Olufemi Ogunyemi, has debunked insinuations that the federal government was planning to scrap the Free Trade Zones in the country, saying that the government intended to boost the global competitiveness of the scheme.
Ogunyemi made the clarifications at the third Nigeria Economic Zones Association meeting in Lagos.
In a statement issued yesterday by the Head of Corporate Communications of NEPZA, Martins Odeh, Ogunyemi explained that the mandate of the scheme that aimed to fast-track industrialisation, non-oil trade, employment generation, and export among others, was too important for the government to circumvent.