Nigeria Export Processing Zones Authority (NEPZA) has licensed Delta State as a special economic zone.
Delta State governor Ifeanyi Okowa who spoke at the presentation of license by NEPZA said Delta Economic Zones would attract over $22 billion investment.
“As part of our efforts to position businesses in Delta State to benefit from the African Continental Free Trade Agreement (AfCFTA), earlier today, we received the license for the Delta Special Economic Zone from the Nigeria Export Processing Zones Authority (NEPZA),” Okowa tweeted on Wednesday.
“During my speech at the event, I highlighted the enormous potential of the Special Economic Zone status in creating tens of thousands of new employment opportunities and leveraging our existing resources to fuel the economic growth of our state and improve the lives of our people.
“This is a significant milestone that sets us on the path towards greater prosperity, and we are determined to seize this opportunity to drive Delta State to even greater heights.”
Managing Director of NEPZA, professor Adesoji Adsugba, said the authority would replicate the volume of investments in Lagos economic zones in Delta.
He expressed delight that the administration of Ifeanyi Okowa has already provided some conducive environment for the investments to take off.
While presenting the document, Adesugba promised NEPZA’s unflinching support for Delta State in its new initiative to create jobs and boast economic growth.
He described the Special Economic Zone as a viable response to shocks threatening the global economy.
According to him, similar projects exist in Lagos and neighboring Benin Republic all targeting the Nigerian market.
