Kingsley U.N. Chikwendu —
Members of the Senate Committee on Trade and Investment and executives of Nigeria Export Processing Zones Authority, NEPZA, have commended Alaro City for the significant Foreign Direct Investment, FDI, and new industrial businesses the new city has attracted in the two years since its inception in Lekki Free Zone.
The Committee Chairman, Senator Francis Adenigba Fadahunsi and other lawmakers were in company of NEPZA’s Board of Directors, led by its Board Chairman, Alhaji Adamu Fanda, and Managing Director, Prof. Adesoji Adesugba.
The progress assessment of free zones was part of on-going updates of the NEPZA Act before the National Assembly.
Senator Fadahunsi acknowledged that the lawmakers came to see the progress of free zones operators like the City, as regards attracting investment, boosting manufacturing and creating jobs. The results of the visit will inform the National Assembly as it makes progress on amending the NEPZA Act.
“We are amazed with the level of multi-billion-dollar investments in the Lekki Free Zone, which harbours various mega projects of global magnitude like Alaro City and the Dangote Refinery,” Fadahunsi said.
“The level of progress in Alaro City and the Lekki Free Zone is encouraging and paints a clear picture of the direction we want our free zones to take”.