Speaker of the Home of Representatives Femi Gbajabiamila says Nigeria should enhance its industrialisation and manufacturing actions by means of the free commerce zones to outlive the African Continental Free Commerce Space (AfCFTA) regime.
Gbajabiamila gave the recommendation on Wednesday in Abuja whereas receiving the newly appointed Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba.
The speaker, in an announcement signed by Mr Martins Odey, Head, Company Communications, of NEPZA, mentioned Nigeria was confronted with huge challenges forward of the AfCFTA within the areas of producing and industrialisation.
He mentioned that there was the necessity for the nation to behave proactively so as to not turn out to be a dumping floor for different African nations.
”Our greatest possibility on this circumstance is to right away set equipment in movement to make sure the efficient functioning and flourishing of our export processing zones.
“We should take away all bottlenecks and ideal all obstacles. We’ll then be totally ready for AFCTA and in addition generate huge jobs for our unemployed youths and improve our international earnings,’’ he mentioned.
Gbajabiamila additionally pledged whole assist of the legislature for the revitalisation of the free commerce zones to make the zones operate productively.
”How can we compete efficiently in a post-COVID-19 world and underneath AfCFTA regime? How can we guarantee a sustainable restoration from the pandemic?
“How can we make Nigeria the primary funding vacation spot? It’s primarily by boosting our manufacturing and export capability, the dual duties, the export processing zones are set as much as obtain.
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“We within the legislature will present legislative and budgetary assist to NEPZA to attain its mandate,” he mentioned.
He expressed gratitude to President Muhammadu Buhari for appointing a seasoned funding skilled because the Managing Director of NEPZA to drive the sector.
Adesugba, on his half, expressed appreciation on behalf of NEPZA for the pledges of assist from the speaker, noting that such again up would spur him and his crew to squarely face the difficult duties.
”I need to guarantee Nigerians that we’ll take the bull by the horn. We’ll guarantee efficient functioning of the zones to generate jobs, wealth and industrialisation according to the cardinal objectives of the president.
“We’re setting to work instantly and we hope to organize Nigeria for AfCFTA by easing funding influx into the zones,” Adesugba mentioned.