43 Free Trade Zones created to reduce youths unemployment in Nigeria

Prof. Adesoji Adesugba, Nigeria Export Processing Zones Authority’s Managing Director has restated the Federal Government commitment toward ensuring eligible Nigerians are gainfully employed across the country.

Creation of 43 Free Trade Zones across the nation is a measure among many others put in place to achieve this, Adesugba said.

To ensure that the younger generations contribute meaningful to nation building, the trade zones would create employment opportunities and reduce youth restiveness in Nigeria.

Adesugba gave the assurance while speaking in Lagos during the breakfast forum tagged, “Non-Oil Exports: Situation Report and Way Forward” organised by the Nigerian-American Chamber of Commerce.

“The free trade zone as well as special economic zones provide the panacea to reinvigorate the non-oil sector in the face of dwindling and unstable revenue from oil, rising demand from foreign exchange, insecurity, external debt, etc,” Adesugba who was represented by an Assistant Director in the agency, Mr Augustine Onyekwelu, said

According to him, in these trying times of youth restiveness, the free trade zone is a veritable tool to tackle the problem of unemployment in addition to improving exports of non-oil products.

President of the Chamber, Dame Adebola Williams, raised concerns on the over-dependence on crude oil exports by Nigeria.