The Nigerian House of Representatives is considering a legislative proposal aimed at establishing an Agro Processing Export Free Trade Zone in Yewa North/Imeko Afon, Ogun State. Sponsored by Hon. Gboyega Nasir Isiaka, this bill, known as (HB. 219), seeks to create a dedicated free trade zone to enhance agro-processing and export activities in the region. Bill progress: Committee stage.
The proposed bill represents a significant initiative to leverage the agricultural potential of the Yewa North and Imeko Afon area. The primary objectives include:
- Promoting Agro-Processing: One of the core aims of the bill is to establish a hub for processing agricultural products, which will add value to raw goods before they are exported. This initiative is expected to boost the local agriculture sector significantly.
- Encouraging Exports: By creating a free trade zone, the bill aims to remove bureaucratic and financial barriers for businesses involved in exporting processed agricultural products, thereby simplifying the process and encouraging more companies to participate.
- Driving Economic Development: The establishment of the zone is anticipated to attract both local and foreign investments, create job opportunities, and stimulate the local economy in Ogun State.
As discussions continue, the establishment of the Agro Processing Export Free Trade Zone is expected to play a pivotal role in transforming the agricultural landscape of Ogun State, enhancing production capabilities, and boosting export potential.
