FG Pledges Free Trade Zones Will Boost Exports, Not Harm Local Manufacturers

The Nigerian government has assured manufacturers that its free trade zones will boost exports, aiming to increase economic growth. The Federal Minister of Industry, Trade, and Investment is promoting the zones as a means to accelerate exports.

The Federal Government of Nigeria has reaffirmed its commitment to boosting the country's export sector through its designated free trade zones. According to Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, these zones are specifically designed to accelerate exports, rather than negatively impacting local manufacturing industries. This move is aimed at enhancing the country's global competitiveness in the wake of increasing competition from other nations. By leveraging its free trade zones, Nigeria hopes to significantly increase its export capacity and contribute to economic growth.