NEPZA to launch Medical Special Economic Zone (MSEZ) in Nigeria

AMG Logistics

NEPZA says discussions are underway for the establishment of the first fully equipped and functional Medical Special Economic Zone in Nigeria.

The Nigeria Export Processing Zones Authority (NEPZA) has announced plans in collaboration with stakeholders to launch Nigeria’s first Medical Special Economic Zone (MSEZ).

This was disclosed by NEPZA boss, Prof. Adesoji Adesugba, in a meeting with the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) on Wednesday in Abuja.

The NEPZA Chief revealed that the  Lekki Free Trade Zone in Lagos State was set up to the location of an equipped and functional Medical Special Economic Zone (MSEZ) in Nigeria, citing that when fully launched it would provide world-class healthcare services and reduce medical tourism for Nigerians.

He added that the effect of the pandemic on Nigeria’s healthcare sector was a catalyst to the Medical Special Economic Zone (MSEZ), as the FG had to reevaluate how to build more capacity in Healthcare.

“The MSEZ aims to reduce medical tourism from Nigeria, revitalise the health systems, create jobs and conserve foreign exchange.

 

“If approved, the project will be executed in partnership with the Lagos State Government (LASG) and the Federal Ministry of Health (FMOH).

“Discussions are already underway with high-level stakeholders and potential investors on the implementation arrangements for the zone which has been met with huge positive response,’’ Adesugba said.

What you should know 

  • Nairametrics reported on November 2020 that NEPZA was thoughtfully considering setting up 15 Medical Free zones in at least 15 states of the federation which would save Nigeria about $1billion in annual medical tourism, not minding the torrential pressures from the State governments lobbying to skew the location of the novel Medical Free Zones to their own states.
  • “The push by these State governments shows acceptability of the project premised upon its viability. NEPZA is, therefore, considering if the project can be located in more than one state,” the NEPZA boss said.

 

Ref: https://nairametrics.com/2021/02/25/nepza-to-launch-medical-special-economic-zone-msez-in-nigeria/

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