NIGERIA EXPORT PROCESSING ZONES AUTHORITY PARTNERS WORLD BANK TO DEVELOP FREE TRADE ZONES.
The Nigeria Export Processing Zones Authority (NEPZA) has partnered with the World Bank and the International Financial Co-operation (IFC).
The partnership, which is in the area of infrastructural development of Free Trade Zones across the country, and staff capacity building, is said to help in attracting more Foreign Direct Investment to the Nigerian economy.
NEPZA Acting Managing Director, Bitrus Dawuk at a courtesy visit by the World Bank and the International Financial Co-operation (IFC) delegation complained that outdated legislation has limited the capacity of the agency.
In his remark, leader of the delegation, Feyi Boroffice said the visit was aimed at strengthening the relationship with NEPZA by providing an enabling environment to attract more foreign investors into the country by building anchor projects that would encourage the establishment of industries.
The IFC representative, Bambo Kunle-Salami said the world bank will provide funding and advice to the public sector and government while the IFC dwells more on Private sectors