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Social and Behavioral Sciences Commons

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Economics

Bullion

1992

Export Processing Zone.

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The Role Of Banks In Successful Implementation Of The Premier Export Processing Zone In Nigeria., C M. Anyanwu Jun 1992

The Role Of Banks In Successful Implementation Of The Premier Export Processing Zone In Nigeria., C M. Anyanwu

Bullion

The establishment and promotion of Export Processing Zones (EPZs) has been identified as a potential scheme for boosting manufactured exports. A decree (No. 34 Nigerian Export Processing Zones Decree 1991) formally establishing export processing zones in Nigeria was promulgated by the Federal Government on August 9, 1991. Consequently, an area beside the port of Calabar has been chosen as the site of Nigeria’s premier EPZ and the foundation stone was laid by the President in November,1991. This paper, therefore, examines the expected roles of the banks with a view of alerting them to the challenges ahead.