Stakeholders in Nigeria’s oil and gas industry, as well as the maritime sector have applauded the takeover of the Export Free Zones involved in oil and gas activities in Nigeria by the Oil and Gas Free Zones Authority (OGFZA), which is in line with relevant legislations.
The stakeholders also commended the political will demonstrated by the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami and his counterpart in the Ministry of Industry, Trade and Investment, Otunba Niyi Adebayo, on their correct interpretation of the Nigeria Export Processing Zones Act (NEPZA) Cap No 107, Laws of the Federation of Nigeria (LFN) 2004 and the Oil and Gas Export Free Zone Act Cap 05 LFN 2010.
They also hailed President Muhammadu Buhari for standing firm on his avowed determination to correct the wrongs of the past.
Before Otunba Adebayo became the supervising minister, NEPZA had undertaken the functions of OGFZA, which by law, has the oversight responsibility over…
Source: Leadership Newspaper