FG States Reasons For Making Abuja Economic Hub
The federal government has stated that the multiplier effect of making Abuja an economic hub is part of considerations why President Muhammadu Buhari approved the Nnamdi Azikiwe International Airport, (NAIA), and three other Nigerian airports as special economic zones (SEZs).
According to Daily Independent, Minister of Aviation, Hadi Sirika, who made the disclosure said: “SEZ is an area in a country that has different economic regulations than other regions within the same country. The SEZ economic regulations tend to help attract foreign direct investment.
“When businesses are conducted in an SEZ, there are typically additional economic advantages for them, such as tax incentives and the opportunity to pay lower tariffs”.
It would be recalled that the approved airports are Murtala Muhammed International Airport, Lagos; Aminu Kano International Airport, Kano; Nnamdi Azikiwe International Airport, Abuja, and Port Harcourt International Airport.
“I am very glad to announce that Mr President has approved our four International Airports as Special Economic Zones. These are Lagos, Kano, Abuja & Port Harcourt. Our roadmap working,” the minister said.
