NEPZA Champions Strategic Resolution for Abuja Free Trade Zone Crisis
NEPZA takes decisive action to resolve Abuja Technology Village land dispute, championing economic sovereignty while advancing Nigeria's industrialization agenda through strategic Free Trade Zone development.
NEPZA headquarters in Abuja, symbol of Nigeria's economic transformation through strategic trade zone management
In a bold move to protect Nigeria's economic sovereignty, the Nigeria Export Processing Zones Authority (NEPZA) has intervened in the contentious dispute between the Federal Capital Territory Administration (FCTA) and the Abuja Technology Village (ATV) Free Trade Zone over land title revocation.
Strategic Intervention for Economic Growth
NEPZA's Managing Director, Dr. Olufemi Ogunyemi, has called for the withdrawal of legal action against the FCT administration, advocating instead for a diplomatic resolution that aligns with Nigeria's ambitious economic transformation agenda.
Vision for Industrial Excellence
During his strategic meeting with FCT Minister Nyesom Wike, Ogunyemi emphasized that supporting Free Trade Zones is crucial for Nigeria's industrialization drive. This initiative mirrors the success seen in other sectors where Nigerian leadership has shown strong economic governance.
Key Development Initiatives
- Comprehensive assessment of 63 licensed Free Trade Zones
- Focus on Foreign Direct Investment (FDI) optimization
- Integration with export-driven economic strategies
Minister Wike's Bold Vision
FCT Minister Wike reaffirmed his commitment to President Tinubu's Renewed Hope Agenda, announcing plans that complement Abuja's ongoing urban transformation initiatives. The ambitious Abuja City Walk project, spanning 200 hectares, promises to revolutionize the capital's economic landscape.
"We must fulfil Mr. President's promises regarding industrialisation, trade, and investment. The FCT will collaborate with NEPZA to review the future of ATV," declared Minister Wike.
Abuja City Walk: A Game-Changing Development
The project will feature:
- Mixed-use urban development
- World-class commercial facilities
- Advanced medical and institutional infrastructure
- Strategic positioning along Airport Road
Tunde Okoro
Nigerian journalist with a Pan-African voice. Covers politics, sovereignty, and social justice across West Africa.