FG promises full support for FTEPZ to spur rapid economic development

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President Muhammadu Buhari has given assurance that his administration would give priority to building and developing resilient and viable cities.

He made this declaration at separate meetings with the Mayor of the Chinese City of Shanghai, Mr. Yang Xiong and the Director of Shanghai Free Trade Zone, Liu Fangzhou. He said the Federal Government would give full support to Free Trade and Export Processing Zones (FTEPZs) in the country to spur rapid economic development.

The President, who visited the Shanghai Free Trade Zone, said Nigeria was prepared to learn how to make our cities more viable from those that have achieved development.

“We have already identified the development of infrastructure, which will bring industries that would create jobs and help us to diversify the economy.

“We are going to work hard to achieve these within the period we have to be in office. Nigerians will see progress and feel the impact,” the President said.

Commending the hard work and incredible success story of the city of Shanghai, President Buhari said the virtues of hard work were central to every human achievement and development.

 

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