{"id":2771,"date":"2021-06-28T14:15:48","date_gmt":"2021-06-28T14:15:48","guid":{"rendered":"https:\/\/bpe.gov.ng\/?p=2771"},"modified":"2025-09-08T02:03:26","modified_gmt":"2025-09-08T02:03:26","slug":"bpe-dg-says-nigerias-ftzs-have-potentials-similar-to-china","status":"publish","type":"post","link":"https:\/\/bpe.gov.ng\/staging\/bpe-dg-says-nigerias-ftzs-have-potentials-similar-to-china\/","title":{"rendered":"BPE, DG Says Nigeria\u2019s FTZs Have Potentials Similar To China"},"content":{"rendered":"<p>Director General of the Bureau of Public Enterprises (BPE), Mr Alex. Okoh has said that if Nigeria\u2019s Free Trade Zones (FTZs) are well harnessed, they could bring in Foreign Direct Investment (FDI) and manufacturing inflows like China.<\/p>\n<p>Speaking at the sidelines recently after a meeting with the Kano State Governor, Dr. Abdullahi Umar Ganduje on the concession of the Kano Free Trade Zone (KFTZ) to be executed by the BPE, the Director General disclosed that in 2006 alone, Free Trade Zones, also known as Special Economic Zones (SEZs) accounted for 68 percent of China\u2019s Gross Domestic Product (GDP) about $1.5trillion.<\/p>\n<p>According to him, 87 percent of China\u2019s exports are from FTZs while the national level zones attract $ 9.2B in FDI and provide access to more advanced technology, thereby boosting technological progress.<\/p>\n<p>Giving an insight into the planned reform of the Kano FTZ, Okoh maintained that it would be a Property Holding Company (PropCo) with the Nigeria Export Processing Zones Authority (NEPZA), representing the Federal Government as the owner and regulator as well as guarantor of the concession.<\/p>\n<p>He added that the Concessionaire would be responsible for the rehabilitation, operation and management of the FTZs.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Amina Tukur Othman<\/strong><\/p>\n<p><em>Head, Public Communications<\/em><\/p>\n<p>June 28, 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Director General of the Bureau of Public Enterprises (BPE), Mr Alex. Okoh has said that if Nigeria\u2019s Free Trade Zones (FTZs) are well harnessed, they could bring in Foreign Direct Investment (FDI) and manufacturing inflows like China. Speaking at the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":15288,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BPE, DG Says Nigeria\u2019s FTZs Have Potentials Similar To China - Bureau of Public Enterprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bpe.gov.ng\/staging\/bpe-dg-says-nigerias-ftzs-have-potentials-similar-to-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BPE, DG Says Nigeria\u2019s FTZs Have Potentials Similar To China\" \/>\n<meta property=\"og:description\" content=\"Director General of the Bureau of Public Enterprises (BPE), Mr Alex. Okoh has said that if Nigeria\u2019s Free Trade Zones (FTZs) are well harnessed, they could bring in Foreign Direct Investment (FDI) and manufacturing inflows like China. 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