News
Buhari Approves Lagos, Abuja Airports As Special Economic Zones
President Muhammadu Buhari has approved four Nigerian airports as special economic zones (SEZs), the Minister of Aviation, Hadi Sirika, disclosed this on Thursday.
SEZ is an area in a country that has different economic regulations than other regions within the same country. The SEZ economic regulations tend to help attract foreign direct investment.
When businesses are conducted in an SEZ, there are typically additional economic advantages for them, such as tax incentives and the opportunity to pay lower tariffs.
The approved airports are Murtala Muhammed International Airport, Lagos; Aminu Kano International Airport, Kano; Nnamdi Azikiwe International Airport, Abuja, and Port Harcourt International Airport.
“I am very glad to announce that Mr President has approved our four International Airports as Special Economic Zones. These are Lagos, Kano, Abuja & Port Harcourt. Our roadmap working,” the minister wrote
On Wednesday, Mr Sirika announced a new national carrier will commence operation in the first quarter of 2022.
He said the COVID-19 pandemic caused the postponement of the planned date for the establishment of the national carrier that was initially slated for the end of 2021.
The airline is potentially poised to cater to millions of travelers in Nigeria and Africa, he added.
-
Celebrities Auto1 week agoDavido Orders $15 Million One-of-One Custom Mansory Hypercar, Rumored To Be Based On A Bugatti Centodieci
-
Celebrities Auto1 week agoA Closer Look At Cristiano Ronaldo’s 9 Rare Hypercars : Chiron, Centodieci, AMG One & Monza SP1
-
Celebrities Auto1 week ago“My Toys,” Cristiano Ronaldo Says As He Shows Off His Car Collection Worth $40 Million
-
News1 week agoLamborghini Revuelto SV Sets Production-Car Lap Record Ahead Of August 14 World Premiere
-
News1 week agoToyota Recall Over Half A Million Camry Sedans
-
Business3 days agoDangote Cement Rewards Top Distributor With New 2026 Lexus LX700h Worth Over ₦400 Million
-
News1 week agoTo Survive, Aston Martin Had To Sell The Majority Of Its brand.
-
Latest Cars1 week agoMeet the Bugatti Destrier: A Road-Going Art Based On Track-Only Bolide