HomeNewsKano Free Trade Zone Posts N18 Billion Revenue

Kano Free Trade Zone Posts N18 Billion Revenue

Published on


KEY POINTS


• Kano Free Zone revenue growth highlights expanding non-oil activity.
• Kano Free Zone revenue growth reflects improved regulatory cooperation.
• Kano Free Zone revenue growth strengthens investor confidence.


The Kano Free Trade Zone generated almost N18 billion in revenue from January to October 2025, as activities within the hub expanded in manufacturing, processing, and export operations. The data was revealed on Wednesday by the Nigeria Export Processing Zones Authority, which regulates free trade zones across the country, in conjunction with the Nigeria Customs Service, whose collections constitute the majority of revenue earned from the facility.

Kano free zone revenue growth

Olufemi Ogunyemi, managing director of NEPZA, informed investors and regulators at the 2025 Kano Free Trade Zone Investors and Stakeholders Forum that the zone generated approximately N1.8 billion internally during that period. He stated that Customs receipts amounted to N17 billion, indicating increased throughput and enhanced compliance among enterprises operating in the zone. The two-day summit in Kano included businesses, government ministries, and regulatory agencies to evaluate operations and enhance collaboration among organizations tasked with upholding standards throughout the region.

Ogunyemi stated that the revenue performance indicates the zone’s contribution to the expansion of non-oil industrial output. He stated that investment in the facility has consistently increased as manufacturers and service companies capitalize on its incentives and processing framework. He asserts that the consistent rise indicates confidence among businesses who perceive the zone as integral to a larger initiative to expand Nigeria’s economic foundation.

Kano free zone revenue performance

Regulatory officials utilized the gathering to reaffirm standards for product quality and safety. Kassim Ibrahim, the Kano State coordinator for the National Agency for Food and medicine Administration and Control, advised enterprises to comply with established standards in food and medicine production. He cautioned that deficiencies extend beyond the detriment to individual companies and undermine the nation’s standing in export-driven markets. The agency intends to conduct unannounced inspections to enhance its post-marketing surveillance.

Richard Bassi, the head of the Kano Free Trade Zone, stated that the advancements achieved in the last year are attributable to enhanced collaboration among NEPZA, NAFDAC, Customs, and other agencies operating within the zone. He stated that collaboration has been important in sustaining investor confidence, especially as an increasing number of enterprises show interest in the facility.

According to The Guardian, forum discussions centered on economic diversification through the expansion of non-oil businesses and the enhancement of efficiency within the zone. The “One Stop Shop” approach, which consolidates clearances from Immigration, Customs, NAFDAC, and the Standards Organisation of Nigeria, was emphasized as a feature that facilitated the streamlining of processing processes. 

Latest articles

Top Four Nigerian Financial Firms Led By Under-40 Founders

Nigeria’s financial sector is being reshaped by under-40 founders building fintech companies that expand inclusion, support SMEs and attract global investor attention.

African Billionaires Step Into the Spotlight on Instagram

Africa’s wealthiest figures are cautiously embracing Instagram, using selective visibility to humanize power and redefine how influence works in a digital age.

Dangote Warns Oil Theft Syndicates Outgun Drug Cartels

Dangote warns that Nigeria’s oil mafia rivals drug cartels, blaming refinery losses and pipeline sabotage for undermining energy security.

INEC Opens Online Accreditation for FCT Election Coverage

INEC has opened an online accreditation portal for journalists covering the FCT poll, signaling early preparations for structured media access during the elections.

More like this

Top Four Nigerian Financial Firms Led By Under-40 Founders

Nigeria’s financial sector is being reshaped by under-40 founders building fintech companies that expand inclusion, support SMEs and attract global investor attention.

African Billionaires Step Into the Spotlight on Instagram

Africa’s wealthiest figures are cautiously embracing Instagram, using selective visibility to humanize power and redefine how influence works in a digital age.

Dangote Warns Oil Theft Syndicates Outgun Drug Cartels

Dangote warns that Nigeria’s oil mafia rivals drug cartels, blaming refinery losses and pipeline sabotage for undermining energy security.