Amby Uneze
30 April 2004
Calabar — Nigeria's premier export processing zone, Calabar Free Trade Zone (CFTZ) has netted a total investments worth $200 million since its inception in 1992.
The zone had remained in the lull until November 2001 when President Olusegun Obasanjo formally commissioned it.
Briefing the delegation of the Nigerian Ports Consultative Council (NPCC) on a guided tour to the zone, the CFTZ Assistant General Manager in charge of Operations, Mr. David Chun-Gyang said the zone had witnessed increased economic activities since the inception of the democratically rule in 1999.
He noted that the zone recorded a total revenue of N285 million in 2003, adding that already 195 investors are doing business at the zone.
Chun-Gyang also said the zone has offered permanent employment to 1,500 persons while another 3,000 were casual employees.
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