INCENTIVE TO SET UP BUSINESS IN KANO FREE TRADE ZONE
Dr Umar Mohammed Ali , Lecture, Department Business Administration, city university, Africa campus, CambodiaAbstract
Kano Free Zone is one of the Federal Government owned Free Zone established pursuant to section 1 of Nigeria Export Processing Zones (NEPZA) Act 63 of 1992. Kano Free Trade Zone was declared an Export Processing Zone in 1998, however, in 2001 the transformation to Free Trade Zone was approved by Mr. President-In-Council.
Even though Nigeria’s special economic zone (SEZ) policies own their inception to the observed success of kanoi free trade SEZs on FDI inflows, job creation, a I argue that China’s policies on SEZ’s cannot be expected to deliver similar performance levels when crudely applied to the geopolitical and economic disparities across Nigerian regions, rather, Nigeria’s SEZ policy requires careful identification of enabling factors, and implementation of supplementary policies for factors which differentiate it from China, while also taking into consideration some inherent similarities which can contribute its local success story.
Keywords
Business, Incentive, Trade
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