NEPZA secures investor for Medical/Pharmaceutical Special Free Zone in Lekki

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The Nigeria Export Processing Zones Authority (NEPZA) has secured an anchor tenant, Ash Biomedical Diagnostics Limited, which is prepared to without delay invest initial 100-million-dollar capital in the production of variety of medical equipment in the freshly approved Medical/Pharmaceutical Special Free Zone in Lekki, Lagos.

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Prof. Adesoji Adesugba, NEPZA Managing Director, Prof. Adesoji Adesugba, disclosed this Thursday in Abuja after a meeting with the company’s team led by its managing director/CEO, Mr. Ade Shodeinde.

According to a press statement issued Friday by the Authority’s head of corporate communications, Martins Odeh, the NEPZA boss said the breakthrough hinged on the Authority’s relentless investment campaigns and drives across targeted investment potentials within and outside of the country.

“Today can only be described as a turning point in our pursuit to bring in world class medical enterprises to the Lekki medical free zone.

“Recall that we announced on March 21 that scores of prospective anchor tenants came to us seeking to establish world class hospitals and pharmaceutical industries in the Lekki medical special free zone with the aim to end the unnecessary medical tourism abroad.

“Let me reiterate that we are indeed open to bringing into the zone world class pharmaceutical companies to serve not only Nigeria, but Africa and the rest of the world from Lekki. The prospects of the zone

Are unimaginable and we are glad for securing an anchor tenant that will immediately open up the place for operation,” Adesugba said.

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Meanwhile, NEPZA has agreed to midwife the forthcoming Nigeria (Kano) and Chinese Business Forum aimed at bridging investment exchanges between Nigeria and China.

Adesugba said this when he played host to the Directory Officer from the Chinese Embassy in Abuja, Mr. Wu Bao-Cai.

He said it was about time Nigeria and China stepped up their economic relations to a more sophisticated height, adding that NEPZA was assiduously working hard to use the free trade zone to ignite development as done by China.

Responding, Bao-Cai said China had not hidden its interest in using its wealth, technology and human capital to assist in the development of the African continent.

“We have many Chinese businesses seeking to set up in Nigeria from where they can serve the rest of the world. Nigeria will become a hub for many Chinese manufacturing companies. For instance, we are looking for avenues to start the manufacturing of electric cars in Nigeria among others,” he said.

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