FG inaugurates OGFZA board, targets double-digit economic growth by 2030

The Federal Government has inaugurated the Governing Board of the Oil and Gas Free Zones Authority (OGFZA), expressing confidence that the sector will contribute double-digit growth to Nigeria’s economy by 2030. The Board which is composed of seasoned professionals with proven track record of excellence is Chaired by Mrs. Lydia Kalat Musa has as its […]

The Federal Government has inaugurated the Governing Board of the Oil and Gas Free Zones Authority (OGFZA), expressing confidence that the sector will contribute double-digit growth to Nigeria’s economy by 2030.

The Board which is composed of seasoned professionals with proven track record of excellence is Chaired by Mrs. Lydia Kalat Musa has as its other members Mr. Ikechukwu Onyemekara, Hussaini Ishaq Magaji, Engr. Frank Onyebu, Engr. Dr. Jani Ibrahim, Mr. Etido Thomas Usoroh, Mr. Augustine Uchechukwu Kalu, Mr. Joseph Yilwa, Dr. George Nwangwu and Mr. Adie Emmanuel.

Speaking at the inauguration in Abuja on Wednesday, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said the performance of the board would not be judged by the number of meetings held, but by tangible outcomes such as projects delivered, investments attracted and retained, jobs created, and value added to Nigeria’s exports.

She charged the newly inaugurated board to bring clarity, discipline and innovation to the system by closing implementation gaps and ensuring that government incentives translate into measurable economic value for the country.

According to her, the mandate of OGFZA includes licensing and regulation, provision of infrastructure, coordination of public and private sector actors, establishment of customs and security frameworks within the zones, and the resolution of labour and commercial disputes.

Oduwole acknowledged existing challenges ranging from infrastructure deficits and security concerns to inter-agency coordination and operational bottlenecks, but stressed that these issues are being addressed deliberately and systematically.

Also speaking, the Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, described the inauguration as a renewed commitment to Nigeria’s industrial transformation at a critical point in the nation’s economic journey.

In her remarks, the Chairman of the Governing Board, Mrs. Lydia Kalat Musa, expressed appreciation to the President and the Federal Government for the confidence reposed in the board members.

She pledged that, with the support of management and stakeholders, the board would reposition OGFZA as a partner of choice for local and foreign investors, anchored on excellence, accountability and national development.