Bayelsa gov’t describes Fg’s 30-year free trade zone as welcome development

The Bayelsa state government has described the 30 years of the Federal Government Free Zone as a catalyst for socioeconomic growth in the region.

Mr. Ebiekure Jasper Eradiri, Technical Adviser to the Governor of Bayelsa on Economic Development and Liaison, was quoted in a statement as saying that the government’s decision would enhance the growth of Small and Medium Enterprises as well as create employment for youth not only in the region, but the nation as a whole.

Eradiri, a participant in the 5th AU Symposium on Special Economic Zones and NEPZA 30th Anniversary organized by the Organization of the African Economic Zone in Abuja, while praising the federal government for the 30 years of the free zone scheme trade, asked to be completed quickly Brass Oil & Gas City, FTZ of brass fertilizer.

Also, he praised the Honorable Minister of Commerce, Investment and Industry, Otunba Adeniyi Adebayo CON for his speech, highlighting the plans to activate Brass Fertilizer FTZ, as well as Brass Oil & Gas City, which have been in the pipeline for some time but are capable of to stimulate the local market. economy of the state of Bayelsa and Nigeria.

According to him, the Special Economic Zones are clusters aimed at promoting production, trade and commerce.

Eradiri further recommended the African Union to make the AU Modern Law on SEZ a living document with consideration of specifically protecting SMEs operating in the SEZs on the continent.

He opined that an awareness raising round table might be needed to promote the benefits of SEZ and AfCFTA in the Gulf of Guinea region, where Bayelsa state is strategically located.


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Bayelsa government describes 30 years of FG free trade zone as a welcome development

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