The Nigeria Export Processing Zones Authority (NEPZA) says the Authority is
prepared to canvass for the adoption of ``export business accelerator program’’
to speedily integrate the country’s Small and Medium Enterprises (SMEs) into
the Special Economic Zones (SEZ) scheme for greater good of the country’s
business environment.
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Prof. Adesoji Adesugba, NEPZA’s Managing Director made the remark while delivering a
keynote address during the 2021 World Intellectual Property Day Symposium held
virtually on Tuesday. Adesugba also said a new SEZ model could be developed to
allow the SMEs undertake ancillary activities within the established zones.
The NEPZA boss said, “With more than 60 million Nigerians engaged in SMEs, the
Federal Government will do good to consider the adoption of programs similar to
Kenya’s to boost growth for these smaller companies. The management of NEPZA is
willing to canvass the support and approval of Mr. President for definite and
sustainable initiatives that can help in the growth and development of national
economy through the robust participation of the SMEs. In line with our plans to
develop sectorial SEZs for different industries such as Medical SEZ,
Agro-allied, Textile, etc. We may seek a strategic alliance with SMEDAN and the
Nigerian Export Promotion Council (NEPC) to develop a joint SEZ program for
SMEs. We can draw a good example from Kenya where SMEs have been deliberately
integrated into the SEZ scheme through the “export business accelerator
program”. SMEs are allowed to take up smaller spaces in incubator buildings
located within SEZs.”
Adesugba said, “With the outbreak of COVID 19 pandemic and its grave
economic consequences on the nations and individuals, there is no better time
to seek for emergence of geniuses and ideas that can help transform our common
loss to sustainable gains in all field of human endeavours especially in the
health and economic sectors among others.”
According to him, one of the
strategies and measures to be adopted for export and industrial
decentralization is increasing exports of manufactured goods through the
promotion of economic zones with fiscal and financial incentives to industrial
production. He reiterated that the Federal Government’s commitment to ensure
the sustenance of the zones scheme could not be doubted, adding that President
Muhammadu Buhari special attention to the scheme rose from his conviction that
the scheme had capacity to speed up the country’s industrialization process.
“The national
objectives for the adoption of the export processing zones scheme include
promotion of job and wealth creation; foreign direct investment; technology
transfer; foreign exchange earnings; backward integration/ linkages, and the
government and NEPZA are fully committed to achieving this onerous mission. Since
inception many other zones have been established. As of December 2020, a total
number of 43 zones has been established and now at different stages of
development and operation.” the
NEPZA managing director said.
The Chief Executive Officer
further said that the SEZ variant allowed for a more comprehensive and all-inclusive
economic zones model. “It is now possible to have an SEZ where all kinds of
economic activities can take place including but not limited to manufacturing,
processing, trading, services, educational, health and other kind of ancillary
business activities. The choice of the theme for this year, IP and SMEs: Taking
Your Ideas to Market, is not only timely, but also reflective of the global
aspirations for every available solution to the various challenges facing the
global communities’’, the NEPZA CEO said. (www.nepza.gov.ng)
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