Senate attributes free trade zones’ failure to weak laws

Senate25 September 2014, Abuja – The Senate has attributed the inefficient free trade zones in the country to a weak regulatory framework guiding their operations.

The Chairman, Senate Committee on Trade, Senator Odion Ugbesia, spoke at a Public Hearing on a bill seeking to amend the Oil and Gas Export Free Zone Authority Act 2011.

He said it was obvious that free zones were far from achieving the purpose for which they were established.



– The Nation

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