An Overview of Six Economic Zones in Nigeria : Challenges and Opportunities
This report provides a brief overview of six economic zones in Nigeria, and discusses the main findings with respect to the zones: development goals and the anticipated benefits of the zone projects, key implementation challenges and preliminary pr...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25967237/overview-six-economic-zones-nigeria-challenges-opportunities http://hdl.handle.net/10986/23881 |
| Summary: | This report provides a brief overview of
six economic zones in Nigeria, and discusses the main
findings with respect to the zones: development goals and
the anticipated benefits of the zone projects, key
implementation challenges and preliminary proposals on
enhancing the development/implementation process moving
forward. The objective is to improve the shared
understanding of these six zone projects and to identify
opportunities on how foreign investments in these six zones
can provide the maximum possible benefits both for investing
countries and the host country. Based on a preliminary
assessment, it seems all six zones reviewed in this report
have made some progress, albeit at different degrees. In
terms of real development, the Lekki Free Zone and the
Ogun-Guangdong Free Trade Zone have made the most
significant progresses, with some on-site infrastructure
already built or committed and several firms already
operating in the zones. The zones in Abuja and Delta State
are mostly in the early stages, but they seem to have strong
government ownership and backing and each got several
potential partners or anchor firms interested for investing. |
|---|