Investment in oil, gas free zones now ₦900b

The existing Oil and Gas Free Trade Zones have attracted over 150 companies into the country and ₦900 billion ($6 billion) worth of investments, the Oil and Gas Free Trade Zone Authority has said.

The Managing Director, OGFTZA, Victor Alabo, at the 4th annual Free Trade Zone conference which held recently in Lagos, said the government agency had also created over 30,000 direct and indirect jobs for Nigerians.

Mr. Alabo, who was represented by the Head of Department, Marketing, OGFTZA, Adamu Mamman-Kontagora, said investment inflow into the free zones, which are under the control and supervision of the Authority, represented about 60% of total investments into the country within the last nine years.

myfinancialintelligence.com