The Nigeria Export Processing Zones Authority has launched an Automated E-Platform for the Free Trade Zone scheme, marking a major step in digitalizing and modernizing Nigeria’s economic zones.
The platform aims to enhance transparency, streamline operations, and attract more global investments.
NEPZA Managing Director Olufemi Ogunyemi, emphasised the importance of adopting digitalisation to keep up with global economic trends during the signing of a Memorandum of Understanding for the project.
“There is increasing agreement that in order to function smoothly, we must digitise.This system will help block revenue leakages while ensuring more efficient operations,” Ogunyemi said.
He emphasised that the application was created domestically, demonstrating NEPZA’s dedication to utilising indigenous technology to address domestic issues.
The platform will interact with numerous government systems, providing a unified framework for activity in the Free Trade Zones.
“This will increase visibility for our Free Trade Zones, attract more investments, and make Nigeria a more competitive investment destination,” he added.
The digitalization process, which has been in development for 12 months, is described as a “legacy project” by Ogunyemi.
“We are requiring all Free Trade Zones to fully digitalize within the next 12 months. This will become a mandatory requirement for all zones licensed in Nigeria, ensuring consistency and accountability across the board,” he stated.
The Managing Director of NEOTERA, Mohammed Isma, the project’s partner, outlined the platform’s features, including the digitalization of enterprise registration and the issuance of plate numbers with enhanced security measures.
“We have entirely digitalised the enterprise registration procedure and enhanced the security of certificates and licenses. Agents working with NEPZA may now readily authenticate papers, assuring their legitimacy and reducing fraud,” Isma explained.
The platform also contains strong security measures to safeguard sensitive data and improve communications between NEPZA, investors, and government agencies.
“This is a landmark project for NEPZA. Our vision is to make it a platform that simplifies operations and improves efficiency, ultimately benefiting investors and the country’s economy,” Isma added.
The Automated E-Platform is anticipated to transform Nigeria’s economy by enhancing revenue collection, increasing transparency, and providing a more welcoming environment for investors.
“This project demonstrates our commitment to driving the country ahead through digital transformation. It would not only reinforce our procedures, but also increase revenue and establish Nigeria as a top global investment destination,” Isma concluded.
