Tag: Free Trade Zones
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FG suspends issuance of Free Trade Zones licences
The Federal Government has suspended issuance of licences for the operations of Free Trade Zones (FTZs) in the country. The Minister of Industry, Trade and Investment, Chief Adeniyi Adebayo, announced this at the inauguration of the panel on the evaluation of the performance of FTZs, on Monday in Abuja. A statement by the minister’s Special…
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Nigeria Industrial Council moves to improve operation of free trade zones
The Nigeria Industrial Council and Competitiveness Advisory Council has moved to review fiscal arrangements and incentives applicable to the country’s free trade zones (FTZs). Speaking on last week’s meeting of the council, its Vice Chairman, who is also the Minister of Industry, Trade and Investment, Okey Enelamah, said the council has been working to review…