The Federal Government is optimistic that the proposed reform of the Calabar and Kano Special Economic Zones (SEZs) will cause a major revitalisation of the two zones and also serve as a catalyst for transforming them into world class standard, Minister of Industry, Trade & Investment, Otunba Adeniyi Adebayo has revealed.
Inaugurating the Transaction Implementation Committee (TIC) for the reform of the two SEZs in his office in Abuja on Friday, July 10, 2020, the Minister also noted that the reform would bring about economic diversification, growth and development, and charged members of the committee to take the national assignment with the highest sense of responsibility.
He said that the world over, SEZs have been pivotal in the economic growth and development of several countries but that in Nigeria and generally in Africa, their performance has been sub-optimal.
