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Investors threaten divestment over FGs Free Trade Zones reform plans

Offline Bravo01

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Leading investors in Nigerian Free Trade Zones have threatened to commence divestment from the zones following what they called an attempt by the federal ministry of Industries, Trade and Investment to transfer supervision of the Zones from Nigeria Export Processing Zones Authority (NEPZA) to the Oil and Gas Free Trade Zones (OGFZA).

In a statement signed by Director, Snake Island Integrated Free Zone, Lagos, Yusufu Abdullahi, and made available to journalists, described the move as a ploy to destroy multi-million naira private investment in the free zones..



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