BACKGROUND (KANO FREE TRADE ZONE )
- Kano state is in close to many other West African Countries like Chad, Niger, Mali etc. which could serve as export markets for the companies.
- Kano is the largest consumer market in Nigeria, with a population of 13 million people (approx).
- Abundant natural resources such as Gum, Sesame seeds, Groundnuts, Garlic, Tomatoes, Pepper, Ginger, etc.
- Part of the African Growth and Opportunity Act (AGOA) approved by the U.S. Congress to improve economic relations between the two countries.
- Availability of skilled and unskilled labour at
BACKGROUND (CALABAR FREE TRADE ZONE {FTZ})
- Located near Port of Calabar in the cross River State, Nigeria
- Covers an area of 152 hectares.
- Allows the investors to produce goods and services for export but also permits them to conduct other business-related activities such as assembly, distribution, packaging, warehousing, etc.
- Proximity to both the Calabar port and the Centre of Calabar, Nigeria which makes it easy for transportation of the goods produced.
PROSPECTS
- Levieso Rent for Space for first 6 monthso No Strikes or Lockoutso Standard Rules
o No application of Import License or any Expatriate Quota
- Local Sponsor for Foreign Investor
CALABAR FTZ
- Constant Power and water Supplyo all the necessary service and infrastructureo Approvals for all Permits and Licenses under a Single Roof
- Fortified Security
Nigeria is having one of the largest economies in Africa and has the potential to become one of the biggest economies of the world
Sources: https://businesssetup.com/ng/kano-free-trade-zone