The Oil and Gas Free Trade Zones Authority has attracted $16.6 billion Foreign Direct Investment (FDI) into the economy within a 20-year period.
The Managing Director/Chief Executive Officer, OGFZA, Mr. Umana Okon Umana, announced this to journalists in Abuja at the weekend.
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He further explained that from 2001 to 2020, the authority also attracted the sum of N255.33bn local investments into the sector.
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He added that in the first five months of this year by OGFZA generated the sum of N9.41bn as revenue through the free trade zones.
A breakdown of the revenue showed that N2.1bn was generated in January, while February, March, April and May had N1.45bn, N4.39bn, N1bn and N453.98 million, respectively.
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