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.
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.
