The Nigeria Export Processing Zones Authority has commenced the process of reactivating the Banki border Free Trade Zone in Borno State, to spur economic development.
The Managing Director of the Authority, Adesoji Adesugba disclosed this on Monday when the Borno state Governor, Babagana Umara Zulum, paid him a courtesy visit in Abuja.
According to him, infrastructural development and assessment of basic infrastructures like utilities, civil works and offices, among others, are being worked out for the Zone.
Adesugba noted that the Borno state was critical to Nigeria’s economic development due to its security situation, saying that good governance and thorough leadership were very important not just for the state but for the nation.
He explained that the Authority will appoint a Zone Administrator and staff that would work with state government officials in charge of the Zone, for its smooth take-off and operation.
Adesugba, who disclosed that Nigeria Export Processing Zones Authority had already requested relevant Agencies, including the Nigeria Customs Service, to deploy officers to the Zone towards realising its objectives, added that registration of enterprises for business activities in the zone had commenced.
He further stated that when fully operational, the project would generate about one million direct and indirect jobs and boost the economic development of the State.
In a remark, the governor Babagana Zulum thanked the Nigeria Export Processing Zones Authority managing director for his support to the realisation of the project.