Investor Presentaiton
Free Trade Zones & Nigeria Tax Regime
Spotlight on Calabar EPZ & OGEFZ
CFTZ generated N282 million for the Federal Government as customs duties between
January and November 2003.
Total (private sector) investments reached $220 million mark in 2004.
Government has invested about $500 million into the Zone which since its inception, has
provided jobs for 4,700 persons.
70 companies have registered to do business in the CFTZ, with 15 being fully operational,
manufacturing and exporting diverse products; while about 15 are still under
construction.
Infrastructure - fully functional Fire Service station, the NITEL exchange offering “one-
dial phone services", presence of banks like FBN, Nexim Bank and UBN. Good road
network (most of the roads are dual carriage ways), and an uninterrupted power supply, a
water Treatment plant, etc.
OGEFZ, managed by DMS International Ltd, is the only Free Zone in the world
dedicated solely to the oil and gas industry.
Planned to be a “mix" of various types of Free Zone, at various stages in its evolution:
firstly, a Free Port, then an FTZ and ultimately, a Specialized EPZ.
More than 30 international oil and gas companies, including many global corporates, are
now registered as FZ users and cargo throughput has increased rapidly.
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