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Business

World FZO Elects NEPZA’s MD into Board of Directors

todayOctober 1, 2024 9 2

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By Oluwakemi Kindness

The Managing Director, Nigeria Export Processing Zones Authority, NEPZA, Dr. Olufemi Ogunyemi, has won election into the Board of the World Free Zone Organisation (WFZO) in Dubai.

African participants, and their counterparts from Europe and Latin America at this year’s World Free Zone Congress rendered their block votes that led to his election.

The Management of the Nigeria Export Processing Zone Authority said it views this concerted goodwill as a statement of confidence on the country’s foremost Free Trade Zones leadership.

A statement by the Head, Corporate Communications, NEPZA, Dr. Martins Odeh, qoutes Dr. Ogunyemi, as expressing delight on the overwhelming support from all the voting blocs that led to his victory in the election conducted on Wednesday at the body’s 10th Annual Congress.

NEPZA Chief Executive noted that the feat is a product of the Authority’s strong management foundation and the recent huge investment made to the scheme by President Bola Tinubu, adding that those efforts are now been noticed by free trade zone global community.

Nigeria remains a strong nation with excellent image and the capacity to lead at the global stage. This was the story of my victory.

My victory came after I had canvassed for the support of all African colleagues and members from some European and Latin America countries.

Let me use this opportunity to thank everyone who played a part in this. I will however, reciprocate these gestures by contributing my quota to the growth of the organisation.

“The World Free Zone Organisation remains the melting point for Foreign Direct Investments opportunities and therefore, Nigeria and other African countries shall seize this opportunity of my being on the board now to improve on strategies to attract more FDIs to the continent.’’Dr Ogunyemi said.

The WFZO is the umbrella body of countries that own and manage the Free Trade Zone Scheme. The body creates long-standing partnerships that are dedicated to creating an environment of economic prosperity and trust.

Similarly, the body operates Four Divisions that includes: a Laboratory, an Institute, Networks as well as an Academy.

Written by: Democracy Radio

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