SIIFZ hosts NEPZA delegation; pledges economic infrastructure development
Sopuruchi Onwuka
Snake Island Integrated Free Zone (“SIIFZ”) reaffirmed its commitment to Nigeria’s economic advancement during a familiarisation tour of the country’s free trade zones by the MD/CEO of the Nigeria Export Processing Zones Authority (NEPZA).
Speaking during the tour, Chairman of SIIFZ, Maher Jarmakani said, “SIIFZ remains committed to attracting foreign direct investments (FDIs), developing robust world-class infrastructure, and fostering socioeconomic advancement. Our strategic initiatives and service offerings provide a solid platform for existing businesses and position us as an attractive destination for investors seeking to tap into the vast opportunities offered as a leading trade hub in West Africa.”
The MD/CEO of NEPZA, Dr. Olufemi Ogunyemi commented: “We are putting Nigeria first, and I applaud the collaboration between SIIFZ, NEPZA, and other government agencies. We are impressed with the zone’s strategic growth plan, especially as reflected in the company’s value proposition and tagline. With continued support and engagement, significant transformation and economic strides are inevitable.”
The Federal Government’s recent approval for the expansion of Snake Island Port sets SIIFZ and its promoter, Nigerdock on course to develop one of the well-established ports within the region, providing access to global trade routes and serving as a gateway to a diversified market.
The Nigeria Export Processing Zones Authority is a federal agency under the supervision of the Ministry of Industry, Trade, and Investment. It oversees the licensing, monitoring, and regulation of the Free Zones Scheme in Nigeria.
The Oracle Today reports that SIIFZ is a leading economic zone in Nigeria.
Strategically located in the main harbour of Lagos, the SIIFZ offers an integrated platform for logistics, trading, and manufacturing companies to establish operations in Nigeria. Amenities and infrastructural facilities provided by the company guarantee enterprises in the zone low cost of entry, available seaport, land, and steady power supply to handle international and regional operations.
