Export processing zones (EPZs) – also known as free zones (FZs) – are areas in which businesses are exempt from the normal regime applicable in Nigeria, particularly with regard to Customs duty and tax. In return, the government expects companies operating in the EPZs to boost national exports, create jobs and help in diversifying the Nigerian economy by bringing in new activities. There are two types of FZ in Nigeria: specialised and general. Currently the only specialised EPZ is the Oil and…
From The Report: Nigeria 2016
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OBG introduces the reader to the different aspects of the legal system in Nigeria, in partnership with Ajumogobia & Okeke.
OBG talks to Ovie Ukiri, Managing Partner, Ajumogobia and Okeke, on the development of privatisation in the power sector.