18 June 2012

Nigeria: Ogun to Reposition Quandong Free Trade Zone

To further attract genuine investors to Ogun State, the State Government has stated its commitment to rejuvenate the Ogun-Quangdong Free Trade Zone in Igbesa area.

Ogun State Governor, Senator Ibikunle Amosun, stated this in a meeting with Chinese investors and operators of the Free Trade Zone in Abeokuta, the state capital.

Represented by the Secretary to the State Government, Mr. Taiwo Adeoluwa, Amosun said government was not satisfied with the pace of development and activities in the Zone, adding that it wants it to be better managed.

According to him, "we know the benefits derivable from a well-run Free Trade Zone and will continue to respect the bilateral relationship between China and Nigeria with regard to the Ogun-Quandong Free Trade Zone in Igbesa. We will continue to support the project and operators to ensure that it succeeds."

He observed that operators of the FTZ have not complied with some of the agreements that set it up, and said Government would work out modalities to reposition it, adding "what we insist upon is that the rules, regulations and customs of both sides should be respected and obeyed."

He declared that "part of the agreements that was reached at the take off of the FTZ is that 30 per cent of skilled workers must be locally employed. As I speak today, this is not so and Government is not happy with the arrangement."

Responding, leader of the team and Vice-President of Guang Xin Holding Groups, Quandong, China, Mr. Huang Ping, thanked the state government for providing enabling environment for their businesses, assuring that the team was ready to collaborate with government to revitalise the FTZ.

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