The Nigeria Export Processing Zones Authority, NEPZA, is to reactivate Banki Border Free Zone in Borno State.
The Managing Director of NEPZA, Prof. Adesoji Adesugba made this known when the Governor of Borno State, Prof. Babagana Zulum visited him in Abuja.
Prof. Adesoji Adesugba said the Zone was designated in year 2000 with the first operating license issued for the Zone in September of the same year.
He said manufacturing, trading and warehousing of products are to be carried out in the Zone.
According to him, infrastructural development and assessment of basic utilities, civil works and offices are being worked out for the Zone.
The Managing Director of NEPZA explained that the Authority would appoint a Zone Administrator and staff that would work with the State Government officials in charge of the Zone for Its smooth operation.
Prof. Adesoji Adesugba stated that NEPZA had already requested relevant Agencies and Nigeria Customs Service to deploy officers to the Zone towards realizing its objectives.
He further stated that when fully operational, the project would generate about one million direct and indirect jobs and boost economic development of the State.
Prof. Adesoji Adesugba who commended the State Governor’s move towards the project stressed the need for other State Governments to key into NEPZA Economic Free Zones programme to fast track the development of the nation’s economy.
In a remark, the Governor of Borno State, Prof. Babagana Zulum thanked the Managing Director of NEPZA, Prof. Adesoji Adesugba for his support towards the realization of the project.
Governor Zulum identified security as the major challenge that led to the delay in the establishment of the project.
According to him, the State Government is now fully ready for the project since the issue of security has been effectively addressed.