Adaobi Rhema Oguejiofor
The Managing Director of the Oil and Gas Free Zones Authority of Nigeria (OGFZA), Sen. Tijjani Kaura, has said that the free zones would attract a total of about $15.97 billion, which is equivalent to N11.6 trillion, investment in addition to Nigeria’s Gross Domestic Product (GDP) by 2025.
Kaura disclosed this at a maiden media parley on Wednesday in Abuja, where he rolled out the achievements of the Agency as he marked one year in office.
According to him, OGFZA regulates eight free zones, six of which are fully operational, while the remaining two are at various stages of completion. He added that the zones are evolving well and are making impactful contributions to the nations economy.
In his own words, “the zones includes Onne Oil and Gas Free Zone, Warri Oil and Gas Free Zone and Eko Support Oil and Gas Free Zone. Others include Brass Oil and Gas Free Zone, Notore Oil and Gas Free Zone, Liberty Oil and Gas Free Zone, Bestaf Maritime and Industrial OGFZ and OGFZ-SBA Free Zone a newly declared zone with license in progress.”
The OGFZA Boss expressed that the Authority had recorded achievements in quantitative terms, which has contributed significantly on the nation’s GDP in the last two decades, noting that it attracted foreign direct investment of $21.6 billion.