Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

FG approves Lagos, Abuja, 2 other international airports as Special Economic Zones

William Ukpe by William Ukpe
May 20, 2021
in Business News, Hospitality & Travel, Spotlight
FG assures that no FAAN worker will be sacked due to airport concession

Minister of Aviation, Hadi Sirika

Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Government announced it has approved four international airports in Lagos, Kano, Abuja and Port Harcourt as Special Economic Zones.

This was disclosed in a statement by Aviation Minister, Hadi Sirika on Thursday morning.

What the Minister said

“I am very glad to announce that Mr President has Approved our four International Airports as Special Economic Zones. These are Lagos, Kano, Abuja & Port Harcourt. Our roadmap working,” he said.

RelatedPosts

Why investors need to invest in Nigerian aviation sector now – Minister

NCAA to give Nigeria Air operator’s certificate soon, as it approves airline’s licence on Monday

READ: Medical Free Zone to save Nigeria about $1billion in annual medical tourism – NEPZA

In case you missed it

The Aviation Minister also disclosed this week that the new National Carrier, Nigeria Air is expected to start operation in the first quarter of 2022

News continues after this ad


What you should know

Nairametrics reported in 2020 that Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo stated that the Federal Government is seeking to increase development into Nigeria’s Special Economic Zones (SEZ) with the aid of Foreign Direct Investments.

why it is important

News continues after this ad


A special economic zone (SEZ)  is an area projected by a country to boost economic growth through Foreign Direct investment, the SEZ’s usually have  different economic regulations than other regions within the same country, and used as a means to increase employment and trade balance of a nation’s economy.

SEZ’s could be in multiple sectors, including Medical, as Nigeria Export Processing Zones Authority (NEPZA) recently announced it is working with the International Finance Corporation (IFC), to establish Medical Special Economic Zones in Nigeria, which would save the country about $1billion in annual medical tourism.

Approving Nigeria’s International Airports as SEZ’s would attract billions of FDI towards Nigeria’s airports, through duty free shopping and other features and also boost employment, especially in tourism and retails for Nigeria.

Related

Tags: Hadi Sirika

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • The last speech delivered by HE Mohammad Sanusi Barkindo (RIP)
    • FCCPC to sanction DisCos for service failures, non-compliance with power sector rules
    • Kuje prison attack: I am disappointed with intelligence system – Buhari

    Follow us on social media:

    Recent News

    Profile of Mohammed Sanusi Barkindo, the late OPEC secretary general

    The last speech delivered by HE Mohammad Sanusi Barkindo (RIP)

    July 6, 2022
    Babatunde Irukera

    FCCPC to sanction DisCos for service failures, non-compliance with power sector rules

    July 6, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com