FG approves Lagos, Kano , 2 other international airports as special economic zones

The federal government has declared four international airports in Nigeria as Special Economic Zones.

Solacebase reports that the airport includes the Murtala Mohammed International Airport Lagos, Mallam Aminu Kano International Airport Kano, Nnamdi Azikiwe International Airport Abuja and the Port-Harcourt International Airport, Rivers.

Aviation Minister, Hadi Sirika announced this in a tweet on Thursday.

“I am very glad to announce that Mr President has Approved our four International Airports as Special Economic Zones. These are Lagos, Kano, Abuja & Port Harcourt. Our roadmap working,” he said.

I am very glad to announce that Mr President has Approved our four International Airports as Special Economic Zones. These are Lagos, Kano, Abuja & Port Harcourt. Our roadmap working🇳🇬🕺🏽🤸‍♂️🇳🇬

— Hadi Sirika (@hadisirika) May 20, 2021

When a country or individual conducts business in an SEZ, there are typically additional economic advantages for them, including tax incentives and the opportunity to pay lower tariffs.

The development comes months after the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo stated that the Federal Government is seeking to increase development into Nigeria’s Special Economic Zones (SEZ) with the aid of Foreign Direct Investments.