Nigeria’s Digital Free Zones Initiative Moves to Implementation: Key Developments and Implications

Itana, licensed by the Nigeria Export Processing Zones Authority (NEPZA) as Nigeria’s first Digital Free Zone, anchors the initiative through the US$500 million Itana Innovation project at Alaro City, Lagos, backed by the Africa Finance Corporation.

In parallel, the Presidential Steering Committee on Digital Free Zones continues its work across regulation, taxation, banking, immigration, arbitration and the digitisation of government processes, with amendments to the NEPZA Act and new subsidiary instruments likely to follow.

This client alert highlights the background to the initiative, its key objectives, and the implications for technology companies, digital businesses and investors as the implementation framework takes shape.

For guidance, contact TEMPLARS Partner, Zelda Akindele and Senior Associate, Okabonye Chukwuani.