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SAPZs Capable of yielding $4bn Investment, NGF Tells States to Enroll

SAPZs Capable of yielding $4bn Investment, NGF Tells States to Enroll

NGF Chairman and Governor of Ekiti State, Kayode Fayemi

The Nigerian Governors Forum (NGF), has stated that the Special Agro-Processing Zones (SAPZs) that have been created in Nigeria is capable of yielding between $1-$4 billion investments into the country.

Chairman of the forum and Governor of Ekiti State, Kayode Fayemi, said this in an interview with newsmen after the forum’s 4th meeting with the African Development Bank (AfDB) in Abuja,  on Thursday (August 22),

According to Fayemi, all states are prospective beneficiaries of the SAPZs initiative, adding that it will bridge the gap between the farming and the processing community.

Meanwhile, at the meeting which was briefed by its Deputy Chairman, Governor Aminu Tambuwal of Sokoto State,  the AfDB officials came in the company of existing and potential Chinese investors in Nigeria.

The meeting with the AfDB was geared towards promoting the creation of SAPZs in Nigeria.

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“This SAPZs which will bring together the farming and the processing community has the potential of attracting about one billion dollars from the AfDB and up to four billion dollars with the entry of private sector investors,” the NGF chairman added.

According to Fayemi, the governors already agreed with AfDB to document and facilitate the interest signified by various states concerning the SAPZs, a tasks desk for the initiative would be situated at NGF Secretariat.

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