Nigerian Government suspends issuance of FTZs Licence

Nigerian Government suspends issuance of FTZs Licence
Join @Naijakit On Telegram For Instant Updates (Click Here)

Nigerian Government suspends issuance of FTZs Licence

Nigerian Government Suspends Issuance Of Ftzs Licence

The Federal Government has suspended the issuance of licences for the operations of Free Trade Zones (FTZs) in the country.

Chief Adeniyi Adebayo, the Minister of Industry, Trade and Investment, announced this at the inauguration of the panel on the evaluation of the performance of FTZs, in Abuja on Monday.

A statement by Ifedayo Sayo, the minister’s Special Assistant on Media, quoted him as saying that all applications for FTZs licences wouldn’t be processed until the completion of the panel’s assignment.

Adebayo explained that the key objective of the panel, headed by him, was to make recommendations that would inform the government’s strategy on FTZs, based on thorough evaluation of their current operations.

According to him, the panel would also work its other terms of reference to provide a clear and detailed report within 8 weeks of inauguration.

He said, “It’s important to note that FTZs in most developed countries have contributed successfully to their industrialisation process.

“The model was adopted by the Asian Tigers and today, most countries, including African countries, are beginning to key into the idea.

“Nigeria, through the Federal Ministry of Industry, Trade and Investment (FMITI), has begun delivery of world-class FTZs across the country.

“However, due to poor implementation, we’ve yet to take delivery of the dynamic potentials of FTZs as an instrument for economic growth.”

Naijakit creates content to benefit users and artists alike. We do this by showing data in an easy-to-digest format.

We help artists track their progress, promote songs and reach their target audience.

We have permission from the artists to display most of our content, where we do not request permission, Naijakit use content under fair use for purposes such as criticism, comment, news reporting, promotion, and research.

Please do not hesitate to contact us, If Naijakit has infringed on your copyright or the copyright of someone you represent, and you want your media files and lyrics to be removed from Naijakit database.

Naijakit will respond to “any and all take-down requests” that comply with the requirements of the Digital Millennium Copyright Act (DMCA), and other applicable intellectual property laws.

Where we get songs to upload?

Naijakit have an upload form on the site, where users have to be registered

to upload song. Admin look at the song and decide if to approve it or not after some checks.

We also receive songs from artists representatives, artists, bloggers asking us to promote songs on our site.

Naijakit TV

Write a Comment

*NOTE:* You Need To Provide a Valid Phone Number Incase we want to reach you back. or you want us to contact you back.. Via your comment.. Thanks, Your Comment is important to us!