
Sen. Tijani Yahaya Kaura: Stable Hands On Stable Course, By Chris Eruba
In 1996, the Federal Government of Nigeria, saw a need to established a specialized Free Zone that will provide import and export incentives to foreign investors, and players in the Nigeria’s oil and Gas Sector. That Free Zone was named OIL AND GAS FREE ZONE, supervised by a government regulatory authority. The Free Zone was designed in a way that it provides incentives such as; zero customs duties, 75% Import Duty rebate fee, 100% Capital and Profit repatriation for investors who operate in the free zone. These huge incentives became a major attraction to investors who didn’t waste time in…