The Nigeria Export Processing Zones Authority has boosted the country’s manufacturing and export indexes with the licensing of Abuja Industrial Park Free Zone with an initial $150m investment portfolio.

The Managing Director of NEPZA,Dr Olufemi Ogunyemi, while handing over the Operating Licence to the Turkish owners of the private zone, revealed that the new business ecosystem sitting on 250 hectares would be home to over 170 factories and to generate 40,000 employment.

He further explained that the zone which would be located in Idu Industrial layout Phase IV had the capacity to greatly impact the nation’s economy through sustained export of manufactured goods.