FG Moves To Tighten Free Zones Rules, Protects Existing Investor Incentives

The federal government has moved to tighten the regulatory framework governing Nigeria’s Special Economic Zones (SEZs), assuring legitimate investors that existing incentives will be protected while loopholes capable of undermining the Free Zones scheme are being closed.
The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, gave the assurance in Abuja as the Special Economic Zones Legislative and Regulatory Reform Committee began a drafting retreat to translate ongoing consultations into revised legislative and regulatory instruments.
The retreat brought together the Federal Ministry of Justice, Federal Ministry of Industry, Trade and Investment (FMITI), Nigeria Export Pr...