Enugu Free Trade Zone Attracts N240billion investment

Customs Shipping Port

Global manufacturing companies have wrapped up plans to invest the sum of N240billion in the Enugu Free Trade Zone, which would also create over 20,000 jobs across three major regions in the country.

Governor Ifeanyi Ugwuanyi of Enugu state is expected to perform the ground breaking ceremony of the facility on November 24, this year, according to a statement yesterday

ENPOWER FTZ is a Public-Private initiative with the Enugu State government offering international and domestic investors the benefits of connecting to business opportunities from the South-Eastern cluster, which according to Canback and Company and the McKinsey Global Institute, is the second largest economic cluster in Nigeria, outside of the Lagos Cluster.

Enpower, which was licensed by the Federal Government to operate as a free trade zone in December, 2015, and also affiliated, as a full voting member; to the Dubai-based World Free Zones Organization (WorldFZO) and the Africa Free Zones Association (AFZA) respectively, intends to function as a certified Smart-Mart-Sustainable and safe free trade zone.

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