The Oil and Gas Free Trade Zones Authority has attracted 16.6 billion dollars Foreign Direct Investments, FDIs into the economy within a 20 year period covering 2001 and 2020.

The Oil and Gas Free Trade Zones Authority has attracted 16.6 billion dollars Foreign Direct Investments, FDIs into the economy within a 20 year period covering 2001 and 2020.

Managing Director of the Agency Okon Umana, announced this while speaking with newsmen in Abuja, noting that during the same period, the authority also attracted over 255 billion naira local investments into the country.

He also explained that between January and May 2021, the sum of 9.41 billion naira has been generated as revenue by agency through the free trade zones.

Umana announced that the revenue showed that was generated 2.1 billion naira in January, 1.45 billion naira in February, 4.39 billion naira March; 1 billion naira April and 453.98 million naira May.

The Managing Director, while speaking on its developmental stride, said within the last few years, there had been great improvement in the operations of the free zones.