Breaking News

FG to re-send bill to N-Assembly

By Henry Umoru

ABUJA—MANAGING Director, Nigeria Export Processing Zones Authority, NEPZA, Mr. Sina Agboluaje disclosed yesterday that as part of moves to reposition the free zones in the country, the Federal Government has concluded arrangements to resend the draft bill to the National Assembly as many aspects of their operations needed to be reviewed.

He said the bill was being resent to the National Assembly because the last one which was prepared by the Attorney General and Minister of Justice under Olusegun Obasanjo’s administration was not passed by the then National Assembly before the tenure ended, even as he said the executive arm of government was reviewing the draft law in line with current practices around the world.

According to him, when finally passed, the new law would bring Nigeria up to date with the operation of free zones in line with global best practices, adding that if the problem of electricity was solved, free trade zones across the country would be more functional and provide Nigerians with the required employment.

Speaking with newsmen in Abuja yesterday, Agboluaje who noted that more than 80% of what Nigerians consume were imported into the country, said if these go through the free trade zones, employment will be generated in the country.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.