Wednesday 23rd August, 2017
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NEPZA gives licence to Maritime Africa Economic City in Badagry

NEPZA gives licence to Maritime Africa Economic City in Badagry

The Nigerian Ex­port Processing Zones Authority (NEPZA) has granted licence to Nigeria’s larg­est Free Trade Zone and Mega Port project – the Maritime Africa Eco­nomic City, also known as the Badagry Free Zone.
The licence was pre­sented to the Project Di­rector of the Zone, Mr Patrick Bird by NEPZA’s Managing Director, Mr Gbenga Kuye, in Abuja.
In a statement the company released to newsmen on Tuesday in Lagos, it said that the development marked a tremendous milestone in the development of the Badagry project.
Bird said: “With NEP­ZA, we intend to de­velop Maritime Africa Economic City into one of the most successful special economic zones in all of Africa.
“The benefits of hav­ing this approval are enormous for our cli­ents and in spite of the current downturn in the economy, we are still fielding a lot of interests from domestic and for­eign companies wanting to set up in Badagry.
“We thank NEPZA for their continued sup­port. This is going to be a great partnership to the benefit of Nigeria,” he said.
Bird listed some of the benefits of the new Free Trade Zone as vari­ous tax advantages, 100 per cent repatriation of profits and dividends, immigration incentives, round the clock opera­tions and fast track car­go clearance procedures.
 

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