Lagos — The Nigeria Economic Zones Association, NEZA, commends the Managing Directors of the Nigeria Export Processing Zones Authority, NEPZA, and the Oil and Gas Free Zones Authority, OGFZA, on their recent call for a ten-year moratorium before the implementation of the National Tax Policy, NTA, within Nigeria’s Free Zones.
NEZA said the free zone regulatory bodies’ interventions is a bold, forward-thinking; and timely position that aligns with it previously stated concerns
that abrupt implementation of the NTA without a well-defined transitional framework would be counterproductive, risking the flight of existing investments and discouraging new entrants into the scheme.
“We view the proposal for a ten-year moratorium as a strategic buffer that allows for policy harmonisation, investor engagement, regulatory clarity, and the development of a globally competitive incentives framework tailored for zone-based enterprises,” NEZA Executive Secretary I.O Elegbede said.
NEZA urges NEPZA and OGFZA to continue their collaborative advocacy to preserve the integrity of the Free Zone scheme. We remain committed to working with all relevant authorities to ensure that no policy undermines the competitiveness and sustainability of Free Zones in Nigeria
