Special Economic Zones: Presidency Raises Concern Over Misrepresentation Of 42 Billion Naira - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
April 15, 2019
The presidency has expressed concern that plans ofthe President
Muhammadu Buhari administration to fast-trackNigeria’s industrial
development through the Special Economic Zones wasbeing
misrepresented in the public, including at a recentpublic hearing in the
Senate.
The presidency, in a document made available toNewsmen on Monday
in Abuja, said that Special Economic Zones wasdiscussed and approved
by the Federal Executive Council .
The Senate had recently rejected the N15.63 billionbudget proposals of
the Federal Ministry of Industry, Trade andInvestment for 2019 because
of the Nigeria Special Economic Zones InvestmentCompany listed for
N42 billion appropriation.
The document said there was a firm resolve in theExecutive arm of
government to clarify issues and keep the SEZ plansand the strategy
adopted and already approved by the FEC.
The document said that when the Minister ofIndustry, Trade and
Investment, Okechukwu Enelamah presented the ministry’s2019
Budget details to the relevant Senate committee,questions were raised
about the creation of a limited liability companywith 25 per cent of
Federal Government interest.