The Ogun State Governor, Prince Dapo Abiodun, has sought federal authorities approval for the operation of the Remo Financial Zone as a Free Commerce Zone.
The governor made the plea when he obtained the Minister of Trade, Commerce, and Funding, Dr Doris Nkiruka Uzoka-Anite, and her workforce in his workplace at Oke-Mosan, Abeokuta, on Tuesday.
He famous that the approval was wanted to allow processing corporations which have signed to course of their uncooked supplies within the zone to start operations.
He emphasised that the zone would document a number of processing corporations keen to enroll to start work within the zone within the subsequent yr if approval was given, saying that out of the six Particular Agro Processing Zones, the state has the very best quantity.
Abiodun mentioned: “Now we have an impending utility for the Remo Financial Zone in your workplace as a Particular Financial Zone that enjoys the standing of a Free Commerce Zone, and the rationale for that’s quite simple.
“Your entire financial zone is being developed in partnership between the state authorities and the third get together, and we have now positioned the airport as one in all its enablers. A part of the necessities that we signed with our accomplice was that this financial zone could be a free zone.
“It permits all of the processing corporations everywhere in the world who’ve already signed to course of in that zone to course of the uncooked supplies that will likely be introduced from everywhere in the state and the zone. They will export them to different elements of the continent.
“We’re conscious that once you assumed workplace, you determined to evaluate the variety of free commerce zones that we have now within the nation and resolve which of them are actually required, wanted, and deserving.
“The issue we have now is that our accomplice, in his willpower to maneuver that financial zone, has begun to award contracts, and since the mannequin we have now is that within the means of doing that, sure taxes must be paid if it weren’t an financial zone, and that’s hindering the method, which is why we’re taking a look at methods to unravel the issue rapidly.”
The governor mentioned his administration has created 4 financial zones within the final 4 and a half years, along with the existence of the Agbara Industrial Zone.
“We realised that it is very important have these financial zones across the state in order that traders can conveniently select the a part of the state that fits them. We constructed the Epe-Ijebu-ode highway, and this highway will evacuate items and other people from Lagos to the east by our state.
“We created one other financial zone round Kajola as a result of that is the place we have now the rail line that comes from Ibadan. We’ll quickly launch our dry seaport in that specific financial zone.
“We even have the one in Yewa by the Ota axis. All these financial zones are to make sure that the cargo produced in Ogun State is conveniently processed, and it will generate job alternatives and improve worth chains,” he added.
Whereas informing the Minister of efforts to additional entice investments to the state, the state helmsman knowledgeable him that his administration would quickly signal a Memorandum of Understanding with its accomplice to start the development of the Deep Seaport at Olokola to finish the circle of financial zones within the state.
The governor thanked the minister for the go to, noting that it might cement additional the connection with the federal government on the centre.
Talking earlier, Dr Uzoka-Anite applauded the state authorities for its developmental strides, saying the arising of industries within the state was a affirmation of the conducive enterprise setting and the supply of vital infrastructure that draws traders.
She mentioned that as the economic capital, Ogun State has distinguished itself as a pioneer and chief in creating, increasing, and attracting industries with ease, including that the go to would allow her and her workforce to rob heads with the officers of the state authorities on how greatest to be of assist to one another.
“The federal authorities will collaborate with the state authorities to see how you can enhance and industrialise not solely the state however the entire nation. We’re dedicated to supporting the state in any method we are able to. Regardless of the governor is doing to proceed industrialization, we are going to help him,” the minister added.
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