Special Economic Zones and Extractive Practices in Nigeria: A Comprehensive Guide
![Jese Leos](https://library.apooobooks.com/author/fyodor-dostoevsky.jpg)
Special Economic Zones (SEZs) are designated geographical areas within a country that are subject to different economic regulations than the rest of the country. They are often created to attract foreign investment and promote economic growth in specific sectors. In Nigeria, SEZs have been established with a focus on extractive industries, such as mining and oil and gas.
5 out of 5
Language | : | English |
File size | : | 24943 KB |
Text-to-Speech | : | Enabled |
Screen Reader | : | Supported |
Enhanced typesetting | : | Enabled |
Word Wise | : | Enabled |
Print length | : | 252 pages |
Legal Framework
The legal framework for SEZs in Nigeria is governed by the Nigeria Export Processing Zones Act of 1992. This act provides the legal basis for the establishment, operation, and regulation of SEZs in the country.
The act establishes the Nigeria Export Processing Zones Authority (NEPZA) as the regulatory body for SEZs. NEPZA is responsible for approving the establishment of SEZs, as well as monitoring and enforcing compliance with the regulations.
Economic Implications
SEZs can have a significant impact on the economic development of a country. They can attract foreign investment, create jobs, and boost exports.
In Nigeria, SEZs have been established in areas rich in natural resources, such as the Niger Delta region. These SEZs have helped to attract investment in the mining and oil and gas industries, which has led to increased economic growth and job creation.
Environmental Sustainability Concerns
While SEZs can have a positive economic impact, they can also raise environmental concerns. Extractive industries, such as mining and oil and gas, can have a negative impact on the environment.
In Nigeria, there have been concerns about the environmental impacts of SEZs in the Niger Delta region. These concerns include air pollution, water pollution, and deforestation.
NEPZA has taken steps to address these concerns by establishing environmental regulations for SEZs. These regulations require SEZ developers to implement measures to mitigate the environmental impacts of their operations.
Special Economic Zones (SEZs) can be a valuable tool for economic development in Nigeria. They can attract foreign investment, create jobs, and boost exports. However, it is important to carefully consider the environmental impacts of SEZs and to ensure that they are developed in a sustainable manner.
This article has provided a comprehensive overview of SEZs and extractive practices in Nigeria. It has explored the legal framework, economic implications, and environmental sustainability concerns associated with SEZs in the country.
5 out of 5
Language | : | English |
File size | : | 24943 KB |
Text-to-Speech | : | Enabled |
Screen Reader | : | Supported |
Enhanced typesetting | : | Enabled |
Word Wise | : | Enabled |
Print length | : | 252 pages |
Do you want to contribute by writing guest posts on this blog?
Please contact us and send us a resume of previous articles that you have written.
Book
Novel
Page
Chapter
Text
Story
Genre
Reader
Library
Paperback
E-book
Magazine
Newspaper
Paragraph
Sentence
Bookmark
Shelf
Glossary
Bibliography
Foreword
Preface
Synopsis
Annotation
Footnote
Manuscript
Scroll
Codex
Tome
Bestseller
Classics
Library card
Narrative
Biography
Autobiography
Memoir
Reference
Encyclopedia
Luciano Thomazelli
Jon Dean
Jonathan Glennie
Tacha Bruecher
John Rotondi
John T Cumbler
Petos
Wendela Whitcomb Marsh
Jorge Bendersky
Raymond A Schroth
Susan Elia Macneal
Victor Bockris
Jonathan Rieder
John Trudell
John Horgan
May Sarton
Mary E Lyons
Kris Palmer
Pierre Reverdy
S J Mcgrath
Light bulbAdvertise smarter! Our strategic ad space ensures maximum exposure. Reserve your spot today!
![Turkmeniscam: How Washington Lobbyists Fought To Flack For A Stalinist Dictatorship](https://library.apooobooks.com/small-image/the-unholy-alliance-how-washington-lobbyists-fought-to-flack-for-stalinist-dictatorship.jpeg)
![Blake Kennedy profile picture](https://library.apooobooks.com/author/blake-kennedy.jpg)
![The Beginner S Guide To Cricut Crafts: Project Ideas To Enhance Your Hobby And Boost Your Business](https://library.apooobooks.com/small-image/project-ideas-to-elevate-your-hobbies-and-flourish-your-business-an-ultimate-guide-for-creative-entrepreneurs.jpeg)
![Gustavo Cox profile picture](https://library.apooobooks.com/author/gustavo-cox.jpg)
- Ken FollettFollow ·13.9k
- George HayesFollow ·19.7k
- Ibrahim BlairFollow ·5.2k
- Aron CoxFollow ·17.5k
- Frank ButlerFollow ·16.7k
- José MartíFollow ·6.8k
- Austin FordFollow ·13.1k
- Eugene ScottFollow ·5.5k
![Her Dragon To Slay: Golden Fire Clan (Dragon Guard 1)](https://library.apooobooks.com/small-image/her-dragon-to-slay-embark-on-an-epic-journey-of-adventure-and-empowerment.jpeg)
![Tyler Nelson profile picture](https://library.apooobooks.com/author/tyler-nelson.jpg)
Her Dragon to Slay: Embark on an Epic Journey of...
In a realm where shadows dance and legends...
![101 Best Marine Invertabrates (Adventurous Aquarist Guide)](https://library.apooobooks.com/small-image/101-best-marine-invertebrates-the-adventurous-aquarist-s-guide.jpeg)
![Zachary Cox profile picture](https://library.apooobooks.com/author/zachary-cox.jpg)
101 Best Marine Invertebrates: The Adventurous Aquarist's...
Unveiling the Enchanting Realm...
![Her Dragon S Fire: Golden Fire Clan (Dragon Guard 2)](https://library.apooobooks.com/small-image/her-dragon-fire-unleash-the-power-within-your-soul.jpeg)
![William Wordsworth profile picture](https://library.apooobooks.com/author/william-wordsworth.jpg)
Her Dragon Fire: Unleash the Power Within Your Soul
Embark on an...
![Focus On Machine Embroidery (Focus On Sewing 2)](https://library.apooobooks.com/small-image/unveiling-the-enchanting-world-of-machine-embroidery-with-focus-on-machine-embroidery-focus-on-sewing.jpeg)
![William Powell profile picture](https://library.apooobooks.com/author/william-powell.jpg)
Unveiling the Enchanting World of Machine Embroidery with...
Embroidery, an ancient art form that has...
![Saved By Her Dragon: Golden Fire Clan (Dragon Guard 5)](https://library.apooobooks.com/small-image/golden-fire-clan-dragon-guard-a-journey-into-a-realm-of-martial-arts-and-ancient-legends.jpeg)
![Will Ward profile picture](https://library.apooobooks.com/author/will-ward.jpg)
Golden Fire Clan Dragon Guard: A Journey into a Realm of...
Prepare to be...
![The Beginner S Guide To Cricut Crafts: Project Ideas To Enhance Your Hobby And Boost Your Business](https://library.apooobooks.com/small-image/project-ideas-to-elevate-your-hobbies-and-flourish-your-business-an-ultimate-guide-for-creative-entrepreneurs.jpeg)
![Gustavo Cox profile picture](https://library.apooobooks.com/author/gustavo-cox.jpg)
Project Ideas to Elevate Your Hobbies and Flourish Your...
<p>Welcome to the ultimate guide to...
5 out of 5
Language | : | English |
File size | : | 24943 KB |
Text-to-Speech | : | Enabled |
Screen Reader | : | Supported |
Enhanced typesetting | : | Enabled |
Word Wise | : | Enabled |
Print length | : | 252 pages |