The Federal Government is set to establish Satellite Industrial Centres (SICs) across the six geo-political zones of the country.
The establishment of these industrial centre, which will be anchored by the Nigeria Export Processing Zones Authority (NEPZA), is expected to commence immediately after the passage of the 2017 budget.
Managing Director, NEPZA, Mr Emmanuel Jime, who spoke in Lagos said the establishment of these centres will serve as a catalyst toward the diversification of the economy and the promotion of backward integration.
He said: “The present administration desire is for the economy to fully diversify and this is the reason why the president has ordered the creation of the Satellite Industrial Centre in the six geo-political zone across the country.
“And for this to happen, NEPZA has been given the directive to anchor this and this will take effect as soon as the budget is pass.”
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