How Special Economic Zones Are Driving Industrialisation and Foreign Direct Investment (FDI) in Nigeria
Nigeria’s Special Economic Zones (SEZs) have attracted over $66 billion in foreign direct investment (FDI) and ₦620 billion in local investment, creating more than 35,000 jobs as at 2023, a powerful indicator that SEZs are doing more than just shifting policy. They’re transforming the economy in real terms. Not long ago, there were locations in […]
The Future of Industrial Growth in Ogun State
Ogun State, located in southwestern Nigeria and bordering the economic hub of Lagos, is rapidly establishing itself as a significant centre for industrial development. With over 6,000 manufacturing firms operating within its industrial clusters, the state is playing a vital role in Nigeria’s manufacturing landscape. This article explores the drivers and opportunities behind industrial growth […]
The Free Zone Guide: Key Points To Know About Free Zones
In the interconnected global economy, businesses are constantly seeking strategic advantages to enhance their competitiveness. One of such effective assets is a Free Zone (FZ), also known as a Free Trade Zone (FTZs), Special Economic Zone (SEZ), or Export Processing Zone (EPZ) in some regions. According to fDi Intelligence, the World Free Zones Organization (WFZO) now […]
From Abeokuta to Providing Security at IPRFZ: Morenike’s Story
Barely two years since the commencement of the construction of Industrial Platform Remo Free Zone (IPRFZ) in Sagamu, Ogun State, it would appear that some of IPRFZ’s key objectives, including job creation, skill acquisition, youth empowerment, and community development, are already taking shape. In this brief conversation with Morenike Ajibade, a young female indigene from […]
Gateway International Airport, Ogun State: A Move to Decongest South-West Nigeria’s Air Traffic
South-West Nigeria has experienced a significant surge in air travel demand over recent years. In 2021, Nigerian airports handled approximately 13 million domestic passengers, marking a 43.41% increase from the 9 million recorded in 2020. This upward trajectory is projected to continue, with the country’s air passenger volume expected to reach 25.73 million by 2029, […]
Free Zones in Nigeria: Are They Viable Long-Term Ventures?
Free zones (FZ) are designated areas where goods can be imported, manufactured, and exported without being subject to customs duties. Special Economic Zones (SEZs) and Free Trade Zones (FTZs) are the two primary types of free zones in Nigeria. As of 2023, the country boasted of 46 licensed free trade zones spread across various states, […]
