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These companies benefit from special taxation rules and duty-free imports. The enabling act for Registered Free Zones in Nigeria came into effect in 1992. The Calabar Free Trade Zone, the first of these, was fully completed by 1999 and started operation after official commissioning in November 2001. The CFTZ is owned by the Federal government. [1]
Kaymu initially launched in Nigeria and Pakistan in January 2013 and within 27 months opened operations in 32 other countries. [3] Kaymu copies eBay's model; it does not offer first-party product sales, and it has separate retail websites for each of the countries it operates in. Kaymu's closest competitor is Naspers-owned OLX who have operations in over 100 countries and run a C2C model.
Lagos Free Zone (LFZ) is a Free Trade Zone situated in Lagos that is promoted by Tolaram group. [1] The Free zone is integrated with Lekki Deep Sea Port and covers 830 hectares of area in Lagos. [2] [3] Lagos Free Zone is located 60 kilometers to the east of Lagos city. Similar to other free zones, companies in LFZ can sell all their goods in ...
The Commission was established by the Federal Competition and Consumer Protection Act (FCCPA) 2018. among others, develop and promote fair, efficient and competitive markets in the Nigerian economy, facilitate access by all citizens to safe products, and secure the protection of rights for all consumers in Nigeria.
Kuwait's free trade zone (FTZ) was formally established in 1999 to expand businesses and lure the export industry. The zone was located in the western part of the commercial port of Shuwaikh. It was the only free trade zone in the country. In 2019, the Council of Ministers cancelled the free-zone, leaving Kuwait without a special economic zone ...
Snake Island Integrated Free Zone (SIIFZ) is a West African economic development area, established and operated by Nigerdock. [1] It is strategically located on 252 hectares of land [1] and infrastructure within the main harbour of Lagos, Nigeria and along the main navigation channel adjacent to Tin Can Island and Apapa ports, with immediate access to the open sea.
The facility was designed by Zoran Bojović [3] and constructed by Energoprojeckt in partnership with the Nigerian government, it was opened in 1977 to coincide with the first Lagos International Trade Fair. At fulfillment, it was the biggest project of Energoprojekt in Nigeria. The company and its designers including Bojovic also executed ...
Dr.Jumoke Oduwole is the current Minister of Industry, Trade and Investment, appointed by Nigerian president Bola Tinubu in 2024, While Senator John Owan Enoh serves as the Minister of State for Industry, Federal Ministry of Industry, Trade and Investment. , [2] [3]