The Nigeria Export Processing Zones Authority (NEPZA) is in talks with Binance and Talent City to create the first Virtual Free Zone in West Africa.
According to Prof Adesoji Adesugba, NEPZA’s Managing Director, the partnership when agreed would be similar to the Dubai Virtual Free Zone. last year, Binance signed an agreement with the Dubai World Trade Centre Authority (DWTCA) to outline the vision of accelerating the set-up of a new industry hub for Global Virtual Assets with the aim of generating long-term economic growth through digital innovation.
“We seek to break new grounds to widen economic opportunities for our citizens in line with the mandate of the Authority, the directive of the Honourable Minister and the economic development agenda of President Muhammadu Buhari. Our goal is to engender a flourishing virtual free zones to take advantage of a near trillion dollar virtual economy in blockchains and digital economy,” Adesugba said.
The meeting between the parties was represented by Prof Adesoji Adesugba, NEPZA’s Managing Director, Binance’s Executive Director Regional Strategic Partnerships, Nadeem Ladki and Sameera Kimatrai, Binance Senior Legal Counsel, and Luqman Edu, Chief Executive of Talent City
