Nigeria's Dr. Jumoke Oduwole Enhances SEZ Coordination
The Federal Government of Nigeria has intensified stakeholder engagement to strengthen coordination at Special Economic Zones (SEZs) and enhance production capacity. Dr. Jumoke Oduwole, the Minister of Industry, Trade and Investment, stated that since assuming office in November 2024, the government has focused on tax reform as a critical policy impacting the SEZ ecosystem.
She highlighted concerns regarding the diversion of goods produced in Free Zones into the Nigerian customs territory, which undermines manufacturers subject to domestic tax. Oduwole reiterated the commitment made during the Third Special Economic Zones Annual Meeting in February 2025 to align fiscal, monetary, and trade policies to maintain global competitiveness.
In February 2026, she inaugurated the Special Economic Zones Legislative and Regulatory Reform Committee, resulting in new regulations aimed at ensuring compliance and accountability within the SEZ framework. Oduwole urged stakeholders to combat practices like mispricing and diversion of goods that threaten the integrity of the SEZs.
Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.
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