FG Approves Abuja, Lagos Airports, 2 Others As Special Economic Zones

*Mum On Enugu Airport

The Federal Government has approved the designation of four
international airports as Special Free Economic Zones (SEZ).

Minister of Aviation, Hadi Sirika, who revealed this on his
Twitter handle on Thursday morning, 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
and Port Harcourt. Our roadmap is working.”

An SEZ is a zone with business and trade laws that are different
from the rest of the country and are usually located within a
country’s national borders with the aim of increasing investment,
job creation, and effective administration.

Nigeria has many Free Trade Zones and aviation stakeholders say
the Federal Government’s latest move will promote exports of goods
and services, investment from domestic and foreign sources, create
employment opportunities and develop infrastructure facilities.

However, the government failed to state what the status of Akanu
Ibiam International Airport will be as it reopens for international
flight operations.

*Mum On Enugu Airport

The Federal Government has approved the designation of four
international airports as Special Free Economic Zones (SEZ).

Minister of Aviation, Hadi Sirika, who revealed this on his
Twitter handle on Thursday morning, 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
and Port Harcourt. Our roadmap is working.”

An SEZ is a zone with business and trade laws that are different
from the rest of the country and are usually located within a
country’s national borders with the aim of increasing investment,
job creation, and effective administration.

Nigeria has many Free Trade Zones and aviation stakeholders say
the Federal Government’s latest move will promote exports of goods
and services, investment from domestic and foreign sources, create
employment opportunities and develop infrastructure facilities.

However, the government failed to state what the status of Akanu
Ibiam International Airport will be as it reopens for international
flight operations.