Snake Island reaffirms commitment to infrastructure development of Nigeria

Snake Island Integrated Free Zone (SIIFZ) says is committed to attracting foreign direct investments (FDIs), developing robust world-class infrastructure, and fostering socioeconomic advancement of Nigeria.

Chairman of SIIFZ, Maher Jarmakani, gave the assurance during a familiarisation tour of the free trade zones in Lagos by the Managing Director/CEO of the Nigeria Export Processing Zones Authority (NEPZA), Dr. Olufemi Ogunyemi, on Tuesday, February 6, 2024.

Jarmakani said “SIIFZ remains committed to attracting foreign direct investments (FDIs), developing robust world-class infrastructure, and fostering socioeconomic advancement. Our strategic initiatives and service offerings provide a solid platform for existing businesses and position us as an attractive destination for investors seeking to tap into the vast opportunities offered as a leading trade hub in West Africa.”

Speaking, the Managing Director/CEO of NEPZA, Dr. Olufemi Ogunyemi, said NEPZA is always putting Nigeria first in all its dealings and applauded the collaboration between SIIFZ, NEPZA and other government agencies.

Ogunyemi said “We are putting Nigeria first, and I applaud the collaboration between SIIFZ, NEPZA, and other government agencies. We are impressed with the zone’s strategic growth plan, especially as reflected in the company’s value proposition and tagline. With continued support and engagement, significant transformation and economic strides are inevitable.”

The Federal Government’s recent approval for the expansion of Snake Island Port sets SIIFZ and its promoter, Nigerdock, on course to develop one of the well-established ports within the region, providing access to global trade routes and serving as a gateway to a diversified market.

The Nigeria Export Processing Zones Authority is a federal agency under the supervision of the Ministry of Industry, Trade, and Investment. It oversees the licensing, monitoring, and regulation of the Free Zones Scheme in Nigeria.

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