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Presidency raises concern over misrepresentation of N42bn SEZ plans

The presidency has expressed concern that plans of President Muhammadu Buhari administration to fast-track Nigeria’s industrial development through the Special Economic Zones are being misrepresented in the public, including at a recent public hearing in the senate.

The presidency, in a document made available to newsmen today in Abuja, said the Special Economic Zones (SEZ) was discussed and approved by the federal executive council.

The senate had recently rejected the fifteen point six billion naira budget proposals of the federal ministry of industry, trade and investment for 2019 because of the Nigeria special economic zones investment company, listed for N42 billion appropriations.

The document said there was a firm resolve in the executive arm of government to clarify issues and keep the SEZ plans and the strategy adopted and already approved by the FEC.

Both the president and the vice president are said to be concerned that such conduct of some of NEPZA officials if proven would be flagrant disobedience of clear presidential directives and initiatives.

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