The Chief Executive of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba has commended the Federal Government for restoring regular power supply to the Calabar Free Trade Zone (CFTZ).
A statement released Friday by the Authority’s head of corporate communications, Martins Odeh, said the CFTZ had suffered from 20 years of epileptic power supply.
The statement quoted Adesugba as praising when the Chairman of the Board of Directors of the Association of Economic Zones, Chief Saleh Nabib, visited him in Abuja.
Adesugba said the restoration of 24-hour power supply to the area came as the 25-megawatt plaza scale-up contract awarded by the federal government was yet to be completed.
He said the feat largely depended on the Authority synergizing with the Port Harcourt Electricity Distribution Company to ensure the unlocking of the area’s values to contribute to the country’s Gross Domestic Product (GDP). .
“We are pleased to report that 24-hour power supply has now been restored to the Calabar Free Trade Zone. The Authority is indeed grateful to the numerous interventions of the Federal Government in this regard and to the Calabar Electricity Distribution Company (CEDC).
“This development will of course lead to unlocking the value of investments and production activity in the area,” he said.
Nabib also expressed satisfaction with the federal government’s commitment and investment in restoring the country’s free trade zones.
He said he was happy that the work to improve the power supply in the Calabar and Kano free trade zones went smoothly.
Nabib said more than 20 years of epileptic power in the area has hindered investment growth in the enclave.
“Our members operating in this area are now benefiting from this development and we only hope it continues.
“NEPZA’s new leadership under Prof. Adesugba has been magical in providing solutions to some of the emerging challenges to area operations in the country.”