Federal Government of Nigeria and DiFZIN Inaugurate Committee for the Establishment of Digital Free Zone for Technology and Global Service Businesses

 

PRESS RELEASE

Federal Government of Nigeria & Digital Free Zones in Nigeria (DiFZIN) inaugurate committee for the Establishment of Digital Free Zone for Technology and Global Service Businesses

Digital Free Zones foster innovation and economic expansion by leveraging cutting-edge digital technologies such as AI and Edge Computing, and a supportive regulatory environment

LAGOS, Nigeria, August 9, 2024/ -- In a bid to drive the ease of doing business for global digital, finance, knowledge- and services-oriented enterprises in Nigeria, the Federal Government of Nigeria established a steering committee chaired by President Bola Ahmed Tinubu GCFR to drive the promotion and establishment of a digital free zone in Nigeria to accommodate the peculiar needs of innovative digital trade and service businesses. This steering committee is chaired by His Excellency Mr President, supported by the Honourable Minister of Finance and the Coordinating Minister of the Economy (“HMF/CME”) as Vice Chairman. Other members are the Honourable Attorney General of the Federation and Minister of Justice; the Honourable Ministers of Industry, Trade and Investment; Communications, Innovation and Digital Economy; and Interior; the heads of relevant Government Agencies and Committees; and the Initiative for the Promotion of Digital Free Zones in Nigeria (DiFZIN) as the private-sector stakeholders' representative and technical advisers. DiFZIN is a non-profit advocacy and policy research organisation supported by a consortium of private sector development-focused and advisory institutions including Africa Finance Corporation, PwC Nigeria, Charter Cities Institute, Future Africa, and Itana. The mission of the organisation is to see Nigeria’s free zones ecosystem fulfil its full potential as Africa’s major hub for global technology and service businesses. This Committee will work collaboratively with relevant agencies of government and private stakeholders to review and align Nigeria’s free zone policies, technology and processes with global standards, then develop and publish policy and operational frameworks to enable qualified global and local technology and service businesses to establish Pan-African or global operations from Nigeria. Businesses that take advantage of the zone will benefit from competitive business incentives provided by modernized free zones regulations, including tax, immigration and banking incentives, simplified government compliance processes, clear and predictable business regulation and an enabling business environment. As part of the Federal Government’s strategic growth objectives, it aims to boost foreign direct investment, create employment opportunities, and facilitate the capital flow into Nigeria’s economy, through an innovative and future-oriented approach to the free zones ecosystem. The HMF/CME stated that “the pivotal role of free zones to catalysing and sustaining economic growth in an emerging market such as Nigeria cannot be overemphasised. Its implementation in this digital age must not only encompass manufacturing undertakings but also integrate the central role of technology-focused businesses in attracting investments and making available to the global markets, our domestic talents under a liberal regulatory framework. These and more are what the Government aims to deliver through the digital free zones.” Dr. Olufemi Ogunyemi, MD/CEO of NEPZA (Nigeria Export Processing Zones Authority), emphasized the Authority’s commitment to digital transformation. He highlighted the e-NEPZA platform, which will streamline government services and comply with the Federal Government’s ease of doing business policy. Dr Ogunyemi also noted the importance of data privacy, with data stored locally in local servers as well as the ability of small businesses to access global markets, addressing the need for digital infrastructure like fibre optics. “We look forward to partnering with DiFZIN to advance our digital processes,” he stated. NEPZA’s support for Digital Free Zones signals a move towards a digitally driven economy, unlocking new opportunities for small and medium-scale enterprises as well as large corporations in Nigeria. Mr. Luqman Edu (Executive Director of DiFZIN and CEO of Itana) and the DiFZIN consortium, aim to support the Federal Government in positioning Nigeria as a hub for regional expansion across Africa. These efforts are designed to contribute to the growth of Nigeria’s GDP, government revenue, capital importation, and foreign exchange availability, while simultaneously generating employment opportunities for the burgeoning Nigerian youth population. “DiFZIN is committed to driving the agenda for reforms to the regulatory frameworks for taxation, banking, immigration, and ease of doing business, among others, within the free zones ecosystem,” said Mr Edu. “Our goal is to create a conducive environment for global technology and services-based businesses to thrive, facilitating remote operations and banking from Nigeria for Africa, thereby positioning Nigeria as a hub for Africa, akin to what Delaware is for the US, and Dubai is for Asia.” Speaking on the partnership with DiFZIN, Banji Fehintola, Head of Financial Services at AFC said “AFC’s advisory team is uniquely skilled in providing tailored financial and technical advice to public and private sector players across Africa. We look forward to collaborating with DiFZIN and all other partners to modernize Nigeria’s free trade zones, attract much-needed investment, create local jobs, and boost trade and commerce in Nigeria and Africa.” Digital Free Zones foster innovation and economic expansion by leveraging cutting-edge digital technologies such as AI and Edge Computing, and a supportive regulatory environment. These ecosystems serve as incubators for innovation, providing a platform for businesses to drive growth and competitiveness. The supportive regulatory framework also ensures a conducive environment for experimentation, collaboration, and the seamless integration of emerging technologies into everyday business operations. For more information about DiFZIN and its initiatives, please visit www.DiFZIN.org or contact hello@difzin.org. Distributed by APO Group on behalf of Africa Finance Corporation (AFC).   Media Enquiries: Yewande Thorpe Communications Africa Finance Corporation Mobile : +234 1 279 9654 Email : yewande.thorpe@africafc.org About AFC: AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth. Seventeen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 43 member countries and has invested US$13 billion across Africa since inception. www.AfricaFC.org SOURCE Africa Finance Corporation (AFC)

Women To Take Driving Seat in Nigeria’s Male-Dominated Farming Industry

 Women To Take Driving Seat in Nigeria’s Male-Dominated Farming Industry

Farming collective Alluvial Agriculture is training 50 women in tractor mechanics

The initiative will create female-owned tractor businesses serving women farmers

Programme is part of a joint initiative with Mastercard Foundation, with training from Tata International Nigeria.

Lagos, Nigeria, 4th August 2021 – For the past 13 years, Linda Sheknami Auta has grown rice, maize, yam and soybeans by hand. It is a long and arduous process that has prevented her from expanding her business as quickly as she would like. 

Ploughing her 20 hectares farm in Niger State in Nigeria’s Middle Belt takes the equivalent of five months of hard toiling. With the right specialist equipment and training, this could be cut to just 10 days. But finding the financing, tools and farm workers is tough – especially as a woman.

“Women in my industry are often looked down upon, considered too weak to be doing what is traditionally considered a ‘man’s job,’ so it has been hard to hire labour,” says Linda, 34. “Unfortunately, some men just do not want to work for a female boss.”

A new initiative by farming collective Alluvial Agriculture seeks to level the field for female farmers. The company, which provides education and market access for smallholder producers across Africa, has begun training and financially supporting 50 women across 15 Nigerian states to become tractor owner-operators. 

“For too long, women have been excluded from agricultural finance and mechanisation, despite the fact that they are the backbone of our industry,” said Dimieari Von Kemedi, co-founder and managing director of Alluvial Agriculture. “Our program is an important step in addressing this imbalance.”

Training is being provided by a joint venture between the Indian conglomerate, Tata International, and Alluvial. After the three-week course is completed, each of the women will form partnerships or cooperatives, and each cooperative will be provided with state-of-the-art John Deere tractors and will work on at least 5,000 hectares of female-led farms that are part of Alluvial’s community block farm projects. A percentage of fees earned by the women will be used to repay the loan for their tractor. Based on expected earnings from tractor leasing, the women should have paid for their first tractor within two or three years. Each of the new female-led businesses is expected to own between 20 and 50 tractors by 2028.

“The Mastercard Foundation is very excited about this partnership as it is an opportunity to drive inclusive growth for women in farming,” said Chidinma Lawanson, Nigeria Country Head at Mastercard Foundation. “Training young women to take up space in the male dominated sector is innovative and promotes gender equality. We look forward to many more women gaining such jobs in agriculture a major sector of the Nigerian economy.”

Female farmers across Africa struggle to cultivate their own businesses, cut off from formal financial support and agricultural training – symptoms of continued gender inequality that permeates through African society, says Chijioke Okoli, Nigeria Director for agriculture and construction equipment at Tata Africa Services. 

“Expert training and education in tractor operations will significantly support women in agriculture for the long term,” Okoli said. “We are honoured to be working with Alluvial Agriculture and the Mastercard Foundation to advance women’s economic empowerment.”

Linda is one of the first women to be approved for the new scheme. Once she has received her training, she plans to pass on her knowledge to other women. 

“I never imagined that I would learn to drive a tractor, but I am not one to turn down a challenge – I have a passion for trying things that society believes aren’t for women,” says Linda. “Women in agriculture must be empowered. Only then can we achieve gender equity in farming, afford a better life for our families, and help grow the economy.” 

About Alluvial Agriculture

Alluvial is a highly scalable private sector response to decades of failure by various parties to tackle one of the world’s most pressing issues: food security. We deploy an innovative business model that provides comprehensive support to small farm enterprises and smallholder farmers. This support spans training, technology, land preparation, irrigation, input supplies, and market access within contiguous farms in community and virtual blocks. Our partnership with communities, research and financial institutions, agtech companies, and value chain actors produces several high-quality crops and an enabling environment for farmers to sustain and scale up their activities. More information at https://www.alluvialtrade.com/

About the Mastercard Foundation 

The Mastercard Foundation is a Canadian foundation and one of the largest in the world with more than $39 billion in assets. The Foundation was created in 2006 through the generosity of Mastercard when it became a public company. Since its inception, the Foundation has operated independently of the company. The Foundation’s policies, operations, and program decisions are determined by its Board. For more information on the Foundation, please visit: www.mastercardfdn.org

About the Mastercard Foundation COVID-19 Recovery and Resilience Program

The Mastercard Foundation COVID-19 Recovery and Resilience Program has two main goals. First, to deliver emergency support for health workers, first responders, and students. Second, to strengthen the diverse institutions that are the first line of defense against the social and economic aftermath of this disease. These include universities, financial services providers, businesses, technology start-ups, incubators, government agencies, youth organizations, and non-governmental organizations. More information at: https://mastercardfdn.org/covid19-recovery-resilience-program

For further information, photos, videos and interviews, please contact:

Alluvial Agriculture

Ebiuwairo Uwagboe

+234 810 175 7344

uwagboe@alluvialonline.com

New Markets Media & Intelligence

Gavin Serkin           

+44 20 3478 9710 

gserkin@newmarkets.media

Mastercard Foundation

Nonye Mpho Omotola

Country Lead, Program Communications, Nigeria

nomotola@mastercardfdn.org