Investor Presentaiton
Free Trade Zones & Nigeria Tax Regime
Operational Framework (cont'd)
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- FTZs usually set up in underdeveloped parts to attract employers, reduce
poverty/unemployment and stimulate the local economy.
Multinational Corporations (MNCs) attracted to FTZs because of supply
chain cost reduction considerations.
- In 1999 about 3000 FTZs, spanning 116 countries, producing clothes,
shoes, sneakers, electronics, and toys employed 43 million workers.
Easier to provide relatively well developed infrastructures in small special
areas than to establish same throughout the whole country in a short
period of time.
Whether or not referred to by that name FTZs have concentrated
traditionally on manufacturing for export, and many of them are located
along the coast or near sea transport routes to leverage international
transportation.
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