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...

Full description

Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
TAX
BID
Online Access:http://documents.worldbank.org/curated/en/2016/02/25967237/overview-six-economic-zones-nigeria-challenges-opportunities
http://hdl.handle.net/10986/23881
id okr-10986-23881
recordtype oai_dc
spelling okr-10986-238812021-04-23T14:04:18Z An Overview of Six Economic Zones in Nigeria : Challenges and Opportunities World Bank LIMITED HOLDING COMPANY HOLDING REGULATORY FRAMEWORK AUTOMOBILE EQUIPMENT ACCOUNTING WAREHOUSE CORPORATION CREDIT ENHANCEMENT PRIVATE PARTNERSHIP LOCAL ECONOMY AIRPORT TOLL COLLECTION FOREIGN INVESTORS INFORMATION TECHNOLOGY GOVERNMENT INVESTMENTS INTEREST INTERNATIONAL AIRPORT EMERGING ECONOMIES POLICE STATION INCORPORATION CONSUMER GOODS DOMESTIC MARKET JOINT VENTURE DELTA COMPANIES CORP. CAPACITY BUILDING TOLL TAX AIRPORTS INVESTMENT CORPORATION REGULATORY AUTHORITY FOREIGN INVESTMENTS DOMESTIC COMPANIES DRIVERS VEHICLE STATES ROAD COSTS EQUAL TREATMENT TRAINING EXPORT GROWTH ACQUISITION TELECOMMUNICATIONS PARTNERSHIPS TRANSPORT CONTRACTS TRADING RAIL LINE ACCESS ROADS MARKETS COMMERCIAL PROPERTY DRAINAGE LOCAL GOVERNMENT RETURN POLLUTION GROSS DOMESTIC PRODUCT PRIVATE EQUITY LEGAL FRAMEWORK FINANCE GRANTS BANK POLICY INVESTMENT CONTRACTS INFRASTRUCTURE TAXES BUSES MIXED USE MICRO-CREDIT POTENTIAL INVESTORS EQUITY TRANSACTION INITIATIVES INVESTORS GOOD POLICIES POTENTIAL INVESTOR OWNERSHIP STRUCTURE TRUCKS INTERNATIONAL INVESTMENT RESETTLEMENT INDUSTRIAL COMPANIES POLICE FUTURE BANK STAKEHOLDERS FOREIGN INVESTMENT PARTNERSHIP COMMERCIAL REAL ESTATE CONTRACT PROPERTY BIDS MARKET RAILWAY EQUITY INVESTMENT PORT INFRASTRUCTURE COMPANY BRIDGE ROADS HOLDINGS INFRASTRUCTURE INVESTMENTS TOLL ROAD ECONOMIC DEVELOPMENT RAILWAYS STATE GOODS INVESTOR GOVERNMENT OWNERSHIP LANDOWNERS SECURITY HOST GOVERNMENT INVESTMENT HOST COUNTRY SHARE LIGHT RAIL LINE RAIL FUEL PRIVATE INVESTORS BID ECONOMIC LIBERALIZATION STAKEHOLDER GAS SECTOR LEVIES UNIVERSITY INVESTMENTS PRIVATE PARTNERSHIPS LIGHT RAIL INSTRUMENT PETROLEUM PRODUCTS PROFITS DIESEL INTERNATIONAL MARKETS GUARANTEE BOTTLENECKS ESTATE INVESTING 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. 2016-03-07T20:03:20Z 2016-03-07T20:03:20Z 2012-02 Report http://documents.worldbank.org/curated/en/2016/02/25967237/overview-six-economic-zones-nigeria-challenges-opportunities http://hdl.handle.net/10986/23881 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work Africa Nigeria
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic LIMITED
HOLDING COMPANY
HOLDING
REGULATORY FRAMEWORK
AUTOMOBILE
EQUIPMENT
ACCOUNTING
WAREHOUSE
CORPORATION
CREDIT ENHANCEMENT
PRIVATE PARTNERSHIP
LOCAL ECONOMY
AIRPORT
TOLL COLLECTION
FOREIGN INVESTORS
INFORMATION TECHNOLOGY
GOVERNMENT INVESTMENTS
INTEREST
INTERNATIONAL AIRPORT
EMERGING ECONOMIES
POLICE STATION
INCORPORATION
CONSUMER GOODS
DOMESTIC MARKET
JOINT VENTURE
DELTA
COMPANIES
CORP.
CAPACITY BUILDING
TOLL
TAX
AIRPORTS
INVESTMENT CORPORATION
REGULATORY AUTHORITY
FOREIGN INVESTMENTS
DOMESTIC COMPANIES
DRIVERS
VEHICLE
STATES
ROAD
COSTS
EQUAL TREATMENT
TRAINING
EXPORT GROWTH
ACQUISITION
TELECOMMUNICATIONS
PARTNERSHIPS
TRANSPORT
CONTRACTS
TRADING
RAIL LINE
ACCESS ROADS
MARKETS
COMMERCIAL PROPERTY
DRAINAGE
LOCAL GOVERNMENT
RETURN
POLLUTION
GROSS DOMESTIC PRODUCT
PRIVATE EQUITY
LEGAL FRAMEWORK
FINANCE
GRANTS
BANK POLICY
INVESTMENT CONTRACTS
INFRASTRUCTURE
TAXES
BUSES
MIXED USE
MICRO-CREDIT
POTENTIAL INVESTORS
EQUITY
TRANSACTION
INITIATIVES
INVESTORS
GOOD
POLICIES
POTENTIAL INVESTOR
OWNERSHIP STRUCTURE
TRUCKS
INTERNATIONAL INVESTMENT
RESETTLEMENT
INDUSTRIAL COMPANIES
POLICE
FUTURE
BANK
STAKEHOLDERS
FOREIGN INVESTMENT
PARTNERSHIP
COMMERCIAL REAL ESTATE
CONTRACT
PROPERTY
BIDS
MARKET
RAILWAY
EQUITY INVESTMENT
PORT INFRASTRUCTURE
COMPANY
BRIDGE
ROADS
HOLDINGS
INFRASTRUCTURE INVESTMENTS
TOLL ROAD
ECONOMIC DEVELOPMENT
RAILWAYS
STATE
GOODS
INVESTOR
GOVERNMENT OWNERSHIP
LANDOWNERS
SECURITY
HOST GOVERNMENT
INVESTMENT
HOST COUNTRY
SHARE
LIGHT RAIL LINE
RAIL
FUEL
PRIVATE INVESTORS
BID
ECONOMIC LIBERALIZATION
STAKEHOLDER
GAS SECTOR
LEVIES
UNIVERSITY
INVESTMENTS
PRIVATE PARTNERSHIPS
LIGHT RAIL
INSTRUMENT
PETROLEUM PRODUCTS
PROFITS
DIESEL
INTERNATIONAL MARKETS
GUARANTEE
BOTTLENECKS
ESTATE
INVESTING
spellingShingle LIMITED
HOLDING COMPANY
HOLDING
REGULATORY FRAMEWORK
AUTOMOBILE
EQUIPMENT
ACCOUNTING
WAREHOUSE
CORPORATION
CREDIT ENHANCEMENT
PRIVATE PARTNERSHIP
LOCAL ECONOMY
AIRPORT
TOLL COLLECTION
FOREIGN INVESTORS
INFORMATION TECHNOLOGY
GOVERNMENT INVESTMENTS
INTEREST
INTERNATIONAL AIRPORT
EMERGING ECONOMIES
POLICE STATION
INCORPORATION
CONSUMER GOODS
DOMESTIC MARKET
JOINT VENTURE
DELTA
COMPANIES
CORP.
CAPACITY BUILDING
TOLL
TAX
AIRPORTS
INVESTMENT CORPORATION
REGULATORY AUTHORITY
FOREIGN INVESTMENTS
DOMESTIC COMPANIES
DRIVERS
VEHICLE
STATES
ROAD
COSTS
EQUAL TREATMENT
TRAINING
EXPORT GROWTH
ACQUISITION
TELECOMMUNICATIONS
PARTNERSHIPS
TRANSPORT
CONTRACTS
TRADING
RAIL LINE
ACCESS ROADS
MARKETS
COMMERCIAL PROPERTY
DRAINAGE
LOCAL GOVERNMENT
RETURN
POLLUTION
GROSS DOMESTIC PRODUCT
PRIVATE EQUITY
LEGAL FRAMEWORK
FINANCE
GRANTS
BANK POLICY
INVESTMENT CONTRACTS
INFRASTRUCTURE
TAXES
BUSES
MIXED USE
MICRO-CREDIT
POTENTIAL INVESTORS
EQUITY
TRANSACTION
INITIATIVES
INVESTORS
GOOD
POLICIES
POTENTIAL INVESTOR
OWNERSHIP STRUCTURE
TRUCKS
INTERNATIONAL INVESTMENT
RESETTLEMENT
INDUSTRIAL COMPANIES
POLICE
FUTURE
BANK
STAKEHOLDERS
FOREIGN INVESTMENT
PARTNERSHIP
COMMERCIAL REAL ESTATE
CONTRACT
PROPERTY
BIDS
MARKET
RAILWAY
EQUITY INVESTMENT
PORT INFRASTRUCTURE
COMPANY
BRIDGE
ROADS
HOLDINGS
INFRASTRUCTURE INVESTMENTS
TOLL ROAD
ECONOMIC DEVELOPMENT
RAILWAYS
STATE
GOODS
INVESTOR
GOVERNMENT OWNERSHIP
LANDOWNERS
SECURITY
HOST GOVERNMENT
INVESTMENT
HOST COUNTRY
SHARE
LIGHT RAIL LINE
RAIL
FUEL
PRIVATE INVESTORS
BID
ECONOMIC LIBERALIZATION
STAKEHOLDER
GAS SECTOR
LEVIES
UNIVERSITY
INVESTMENTS
PRIVATE PARTNERSHIPS
LIGHT RAIL
INSTRUMENT
PETROLEUM PRODUCTS
PROFITS
DIESEL
INTERNATIONAL MARKETS
GUARANTEE
BOTTLENECKS
ESTATE
INVESTING
World Bank
An Overview of Six Economic Zones in Nigeria : Challenges and Opportunities
geographic_facet Africa
Nigeria
description 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.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title An Overview of Six Economic Zones in Nigeria : Challenges and Opportunities
title_short An Overview of Six Economic Zones in Nigeria : Challenges and Opportunities
title_full An Overview of Six Economic Zones in Nigeria : Challenges and Opportunities
title_fullStr An Overview of Six Economic Zones in Nigeria : Challenges and Opportunities
title_full_unstemmed An Overview of Six Economic Zones in Nigeria : Challenges and Opportunities
title_sort overview of six economic zones in nigeria : challenges and opportunities
publisher World Bank, Washington, DC
publishDate 2016
url http://documents.worldbank.org/curated/en/2016/02/25967237/overview-six-economic-zones-nigeria-challenges-opportunities
http://hdl.handle.net/10986/23881
_version_ 1764455059338297344