Snake Island restates commitment to attracting FDI

The Snake Island Integrated Free Zone has stated its commitment to attracting foreign direct investment into the country.

The Chairman of SIIFZ, Maher Jarmakani, according to a release on Wednesday, disclosed this during a familiarisation tour of the country’s free trade zones by the Managing Director and Chief Executive Officer of the Nigeria Export Processing Zones Authority, Olufemi Ogunyemi.

He stated the firm’s resolve to develop a robust world-class infrastructure and foster socioeconomic advancement in the country.

The Nigeria Export Processing Zones Authority is a federal agency under the supervision of the Ministry of Industry, Trade, and Investment.

It oversees the licensing, monitoring, and regulation of the Free Zones Scheme in Nigeria.

Jarmakani, during NEPZA’s visit, reiterated that the SIIFZ provided a strong platform for businesses to thrive.

“Our strategic initiatives and service offerings provide a solid platform for existing businesses and position us as an attractive destination for investors seeking to tap into the vast opportunities offered as a leading trade hub in West Africa,” he stated.

Earlier, the MD of NEPZA lauded the collaboration between NEPZA, SIIFZ and other government agencies.

“We are impressed with the zone’s strategic growth plan, especially as reflected in the company’s value proposition and tagline. With continued support and engagement, significant transformation and economic strides are inevitable.

“The Federal Government’s recent approval for the expansion of Snake Island Port sets SIIFZ and its promoter, Nigerdock, on course to develop one of the most well-established ports within the region, providing access to global trade routes and serving as a gateway to a diversified market,” Ogunyemi said.

Credit Gist New Today News in Newspaper Nigeria Headlines

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