Aviation industry stakeholder has raised the concern over the planned implementation of the proposed tax reform by the federal government that is targeting Free Trade Zones (FTZs). According to the stakeholder, Nigeria stands to lose private jet maintenance hub currently hosted by Execujet Aviation Nigeria FZE at the Murtala Muhammed International Airport, Lagos. He added […]
Nigeria Customs Service (NCS) has set up Free Trade Command at the Quits Aviation Services Free Trade Zone (FTZ) centre, a development that is expected to reduce processing time for importers and exporters. Speaking at the unveiling of the Command, the Chairman and Chief Executive Officer, Quits Aviation Services Limited, Sam Iwuajoku, stated that before […]
Investors and aviation experts have warned that the recent pronouncement by the Federal Airports Authority of Nigeria (FAAN) that it would suspend issuance of licences to investors who wish to establish businesses at the airport free trade zones (FZ), would hinder the flow of Foreign Direct Investment (FDI) and discourage the berth of capital intensive […]
If Nigeria can harness agricultural produce for export, it can earn more than what it currently earns from crude oil, immediate past Managing Director of Nahco Free Trade Zone, Mr. Baba Yusuf, has said. Yusuf said economic diversification was the key to rebuild Nigeria’s economy, noting that increasing quality export of agricultural produce would not […]
