Four international airports in Nigeria have been declared as Special Economic Zones.
The airport include the Murtala Mohammed International Airport Lagos, Mallam Aminu Kano International Airport Kano, Nnamdi Azikiwe International Airport Abuja and the Port-Harcourt International Airport.
This was disclosed in a statement by Aviation Minister, Hadi Sirika on Thursday morning.
“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,” he said.
When a country or individual conducts business in an SEZ, there are typically additional economic advantages for them, including tax incentives and the opportunity to pay lower tariffs.
The development comes months after the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo stated that the Federal Government is seeking to increase development into Nigeria’s Special Economic Zones (SEZ) with the aid of Foreign Direct Investments.
