The Nigeria Exports Processing Zones Authority has threatened to revoke licenses of inactive Free Trade Zones in the country.
Acting Managing Director, Terhemba Nongo, said going by the importance of free trade zones in attracting foreign direct investment and economic diversification, government would no longer watch the laxity at which those given the licenses were treating the zones.
According to the Authority, There are about 20 inactive free trade zones in the country.
Mr. Nongo empahsised that any free trade zone in the country that remained inactive within the next one year would have its licence revoked by the government.
