NACCIMA President Advocates Increased public private partnership Mr. Dele Kelvin Oye, to bolster free trade zone operations in Nigeria. This move aims to accelerate economic growth and development within the country.
Speaking at an emergency meeting organized by the Nigeria Economic Zones Association (NEZA) in collaboration with the Nigeria Export Processing Zones Authority (NEPZA) and Oil and Gas Free Zones Authority (OGFZA), Oye lauded the initiative, emphasizing that such gatherings provide an essential platform to address the pressing challenges faced by Free Trade Zone (FTZ) operators. Resolving these issues would, in turn, enhance their operations and contribute to the overall economic improvement.
The NACCIMA President Advocates Increased underscored the significance of a robust and efficient free trade policy in Nigeria. He expressed confidence that such a policy would empower Nigerian businesses to successfully compete in the global market and expand their international reach.
Oye stated, “As the President of NACCIMA, I recognize the importance of a strong and efficient free trade policy in the country, which would enable Nigerian businesses to compete successfully on the global market and expand their reach.”
He commended the joint initiative by NEZA and its partners from the government and private sector, aimed at tackling the challenges faced by FTZ operators. By addressing these obstacles, the meeting seeks to foster an environment that promotes seamless FTZ operations and contributes to the overall advancement of the economy.
The call for increased public-private partnership reflects the understanding that collaboration between the government and the private sector is essential in driving economic growth and development. By working together, the two sectors can leverage their respective strengths and resources to unlock the full potential of free trade zones, propelling economic activities and attracting investments.
The meeting served as an opportunity to strategize and develop effective solutions to improve the operations of FTZs. The goal is to create an enabling environment that supports businesses, streamlines processes, and enhances overall competitiveness in the global trade arena.
The government’s role in facilitating conducive policies, regulatory frameworks, and infrastructure development is crucial for the success of free trade zones. Likewise, private sector participation is equally vital, as it brings innovation, investment, and expertise to the table.
The NACCIMA President’s call for increased public-private partnership in free trade zones highlights the importance of collaboration in advancing economic growth and development in Nigeria. The meeting organized by NEZA, NEPZA, and OGFZA provides a valuable platform for addressing challenges and finding solutions to enhance FTZ operations. By nurturing a robust free trade policy, Nigeria can empower its businesses to thrive in the global market, paving the way for increased international trade and economic prosperity. The government and private sector’s joint efforts in creating a conducive environment for FTZ operations will undoubtedly contribute to the country’s economic advancement and attract more investments for sustainable growth.
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