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Sustaining Future Growth in Nigeria's Free Trade Zone: Challenges and Opportunities

This document discusses the challenges and priorities for Nigeria's Free Trade Zones (FTZ) as of April 2012. Key areas of focus include the necessity for a stable legal framework, the importance of stable power supplies, and strategies for addressing hardships faced by Nigerians in sectors like education, health, and water. The impact of deregulation in the downstream sector is also examined, highlighting the potential for investments in new refineries and the need for reduced operational costs. The findings aim to foster better understanding and improve the future of FTZs in Nigeria.

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Sustaining Future Growth in Nigeria's Free Trade Zone: Challenges and Opportunities

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  1. FTZ NIGERIA 2012 FTZ: ‘SUSTAING FUTURE GROWTH FTZ and Deregulation in Downstream OK Free Trade Zone Thursday, 5th April 2012

  2. SURE! BUDGETS ARE LIMITED . • To compensate hardship for Nigerians. • Priorities: • EDUCATION • HEALTH • WATER RESOURCES • If something left? • Challenges of FTZ’s: • Access (Road, Rail, Water….) • Power or Gas for power - Steady supply OK Free Trade Zone FTZ NIGERIA 2012

  3. COSTS – Reduction for When? LESS SUBSIDY HIGHER COST . BETTER OPERATING AND NEW REFINERIES: In open market: No Restrictions In an open market without restrictions: if not self sufficient: landed cost if self sufficient: world trading price With direct or indirect subsidy: lower prices OK Free Trade Zone FTZ NIGERIA 2012

  4. IMPACT OF DELAYS • NO STABLE LEGAL FRAMEWORK PIB, and OTHER DELAYS • SLOWDOWN AND LOSS OF INVESTMENTS • NEGATIVE TO THE COUNTRY AND ALSO TO FTZ’s . OK Free Trade Zone FTZ NIGERIA 2012

  5. FTZ AND POWER EFFICIENCY • Power efficiency is easier in Industrial Zones. • Grouping of industries • Size of captive market • Less transmission losses • Industrial mentality • However: Gas, gas, gas, gas…….. . OK Free Trade Zone FTZ NIGERIA 2012

  6. FTZ NIGERIA 2012 . FTZ: ‘SUSTAING FUTURE GROWTH Thank you! OK Free Trade Zone FTZ NIGERIA 2012

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