Central Bank of Nigeria
Export, Export Processing Zone, Nigeria
The monumental success of the export-oriented South-East Asian countries has engendered a shift in emphasis among other developing countries towards export oriented development strategy in recent times. This paper examines the export processing programmes in Nigeria, drawing from the experiences of other countries where the programme is operational. The analysis confirms that the nature and extent of incentives available in Nigeria's EPZ scheme compares favourably with those provided by similar schemes elsewhere. However, the same cannot be said of infrastructural facilities such as roads, railways and communication. The need for improvement in these facilities is emphasized. Also, security, which is a derivative of political stability as well as consistency in government policies, are highlighted among the necessary conditions for a successful EPZ programme in Nigeria.
CBN Economic and Financial Review
Hogan, E. B. & Onwioduokit, E. A. (1996). Export Processing Zone Programmes: Lessons for Nigeria from Other Countries. CBN Economic and Financial Review. 34(3), 691-711.