Over $300 billion worth of investments have been facilitated into the country via various export processing free zones as of January 2024.
In turn, investments in the zones generated $382.9 million into government coffers while over 100,000 direct and more than 500,000 indirect jobs were created.
The revenues generated were paid through designated government agencies, which include the Nigeria Customs Service, Nigerian Ports Authority, Nigerian Immigration Service, Free Zone Regulatory Authorities and tax collection such as Pay As You Earn (P.A.Y.E).
Read more at Newtelegraphng
In turn, investments in the zones generated $382.9 million into government coffers while over 100,000 direct and more than 500,000 indirect jobs were created.
The revenues generated were paid through designated government agencies, which include the Nigeria Customs Service, Nigerian Ports Authority, Nigerian Immigration Service, Free Zone Regulatory Authorities and tax collection such as Pay As You Earn (P.A.Y.E).
Read more at Newtelegraphng