The Nigeria Export Processing Zones Authority (NEPZA) has licensed the Abuja Industrial Park (ZEBERCED) Free Zone with an initial investment portfolio of 150 million US dollars.
While handing over the operating license to the Turkish owners of the private zone, Dr. Olufemi Ogunyemi, Managing Director of NEPZA, revealed that the new business ecosystem, covering 250 hectares, would host over 170 factories and generate 40,000 jobs.
He further explained that the zone, which will be located in Idu Industrial Layout Phase IV, has the potential to significantly impact the nation’s economy through sustained export of manufactured goods.
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According to a statement by Dr. Martins Odeh, Ogunyemi said, “Today marks another excellent moment for us at the Authority as we continue to deliver on our mandate of managing the Free Trade Zone scheme in line with the Federal Government’s directives.
“This latest Abuja Industrial Park Free Zone will transform the business landscape of the Federal Capital City and promote global export competitiveness, boosting the country’s employment index.
“Let me congratulate those behind this lofty project and encourage other local and international players to explore the country’s free zone scheme, as it offers some of the best global incentives,” the MD stated.
On his part, the Managing Director of ZEBERCED, Mr. Adil Kurt, expressed satisfaction with the government’s one-stop-shop policy that expedited the registration process, adding that the zone would become an ideal hub for manufacturing and export.
