The Nigeria Export Processing Zones Authority (NEPZA) has taken a bold step toward modernizing its operations by signing a Technology Services Agreement with Neoteral Digital Service. The landmark signing ceremony, held today in Abuja, marks a significant milestone in the digital transformation of Nigeria’s Special Economic Zones (SEZs).
Speaking at the event, NEPZA’s Managing Director, Dr. Olufemi Ogunyemi, highlighted the critical role digitalization will play in enhancing efficiency and transparency. “The digitalization of trading processes will simplify data collection, ensure transparency, and secure the integrity of records through time-stamped and location-based entries. This will create a system that is efficient, reliable, and tamper-proof,” he explained.
Dr. Ogunyemi called on all Special Economic Zone operators and enterprises to embrace digital transformation, noting that the shift will lead to significant improvements in operations and revenue generation. “By blocking leakages and optimizing processes, digitalization will increase revenue for NEPZA, the Federal Government, and Nigeria as a whole,” he added.
The Managing Director of Neoteral Digital Service, Mohammed Isma, expressed confidence in the partnership, describing the new platform as a game-changer.
“Our goal is to eliminate inefficiencies and create a one-stop shop where foreign investors can seamlessly conduct business in Nigeria without the need for physical presence. This initiative will unlock unprecedented opportunities for the free zones,” Isma said.
He further noted that NEPZA is leading the way in adopting cutting-edge technology, with the capacity to integrate its systems with other government agencies for end-to-end digital operations. “Under Dr. Ogunyemi’s leadership, this project will redefine how free zones operate, making them globally competitive and attractive to investors,” he remarked.
The partnership is expected to revolutionize the management of Nigeria’s free zones, fostering transparency, boosting investor confidence, and driving economic growth. By leveraging technology, NEPZA is setting a new standard for efficiency and innovation in the nation’s economic zones, reinforcing its position as a catalyst for trade and investment in Nigeria.
This ambitious move underscores NEPZA’s commitment to building a future-ready framework for sustainable development in the free zones, aligning with global best practices to attract investment and unlock the full potential of Nigeria’s economic hubs.
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