Sunday, 29 November 2020 05:28

Group Urges FG To Approve Establishment Of Nigeria Special Economic Zones Projects

The Organised Private Sectors Investors Association of Afri­ca Special Economic Zones Projects (OPSIAASEZ), has called on President Muham­madu Buhari to approve the proposed establishment of the Nigeria Special Economic Zones Projects (NSEZ) in the six geo–political zones and the Federal Capital Territory (FCT).

It noted that many devel­oped countries of the world have for long keyed into the initiative and leveraged tre­mendously on SEZs to achieve far reaching economic trans­formation in their respective countries, adding that China is a typical example of the devel­oped economy that has taken maximum advantage of the platform.

Ambassador Peter Dongo Isibor, the President/ Chair­man, Board of Trustees of OP­SIAASEZ, also the Executive Group President, Petterson Clor International Group of Companies Ltd (PCIG), made the call in a OPSIAASEZ mem­orandum presentation to Pres­ident Buhari.

He added: “Africa is very much endowed and bountiful­ly rich in human and natural resources, most of which, are untapped due to paucity of required vision, political will and lack of expected technol­ogy to explore and exploit our abundant resources.”

He also called on the Feder­al Government to approve the establishment of the Nigeria’s PCIG initiated Private Sectors Investors’ driven Development Bank, pursuant to effective functionality of the NSEZ proj­ects as mandatorily required by the Organised Private Sec­tors Investors Association of African Special Economic Zones Projects platform.

Isibor explained that if these abundant resources are prudently tapped and fully uti­lised, the narrative of Africa as a continent would change drastically for the better.

According to him, the pro­posed NSEZ across the six geo– political zones, in collaboration with the Organised Private Sector Investors Association of Africa Special Economic Zones, from within and in the Diaspora, is underscored with the primary purpose by cata­lysing the country’s vision of industrial revolution.

The proposal as it were, was accomplishable through the already establish collective and collaborative strategy and would by no means, deliber­ately stimulate the desired all-inclusive and all-embrac­ing economic growth and de­velopment through essential jobs and wealth creation.

“In addition to creating appropriate hub for industri­alisation, the Nigeria Special Economic Zones shall provide appropriate facilities and in­frastructure for technology and general intellectual drives and transfers in satisfaction of areas of disadvantage through PCIG’s unique National Insti­tute for Job and Wealth Cre­ation co ltd/gte, (NIJWC).

 

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