Special economic zones attract $66bn, to create 3m jobs in 2024 – OGZFA

The managing director of the Oil and Gas Free Zones Authority (OGFZA), Bamanga Usman Jada, said the establishment of special economic zones had attracted over $66billion investments in Nigeria. Jada, who made the disclosure at the weekend in Abuja when he led a delegation of prominent investors in the Oil and Gas Free Zones on […]

The managing director of the Oil and Gas Free Zones Authority (OGFZA), Bamanga Usman Jada, said the establishment of special economic zones had attracted over $66billion investments in Nigeria.

Jada, who made the disclosure at the weekend in Abuja when he led a delegation of prominent investors in the Oil and Gas Free Zones on a working visit to the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, added that by the end of 2024, the SEZs would be targeting creation of 3million jobs.

“The Special Economic Zones have become magnets for foreign direct investment, thanks largely to President Bola Ahmed Tinubu’s unwavering support for enhancing productivity and building a resilient economy as more employment and investments are on the horizon due to the recent decisions of international firms to raise their investments in Nigeria.

“SEZs have attracted over $66b into Nigeria. I am optimistic that SEZs would have contributed over 3million jobs by the end of the year,” he said.

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Admitting the difficulties caused by external economic factors, the trade minister, Uzoka-Anite, urged Nigerians to take advantage of all the opportunities the investments provide as the government is committed to removing business obstacles, with a focus on the oil and gas industry.