NEPZA Facilitates $1bn Investment To Niger State 

Managing Director of the Nigeria Export Process Zones Authority, Prof. Adesoji Adesugba

The Nigeria Export Processing Authority (NEPZA) has remained resolute on its mandate as a key player in pursuit of the nation’s economic development by striking yet again a One-billion- US-dollar investment in Niger State. 

Prof. Adesoji Adesugba stated this on Thursday while handing over an approved Free Trade Zone declaration license to officials of the investing company, Hydropolis Investment Limited in Abuja.

Recall that the Authority on July 8 secured an investment worth 100 million US dollar at the Medical/Pharmaceutical Special Economic Zone in Lekki, Lagos for the production of a variety of medical equipment.

Adesugba, explained that the Authority was assiduously scouting for investment to assist both the Federal Government and the sub-nationals to bridge the country’s development deficits speedily.

He said that the Authority was enthused in delivering an operative free trade zone license to Hydropolis Investment Limited, adding that the now Hydropolis Free Trade Zone occupied 2000 hectares of land at Amfani Village in Magama Local Government in Niger State.

The NEPZA managing director further said that the new zone was set to commit over One billion US Dollar to establish an Industrial Park, Smart City and a world class Cargo International Airport that would provide backward linkages for both local and foreign businesses.

GOCOP

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