The Federal authorities has accredited institution of a Free Commerce Zone (FTZ) for the College of Abuja with the goal of attracting buyers to faucet the mineral and agriculture assets that can increase the establishment’s Internally Generated Income (IGR).

The approval is approaching the heels that over N2 billion income is predicted to be generated yearly from succesful licensed buyers that can mine the considerable mineral assets just like the bauxite, aluminum, gold, marble and different valuable stones presently mendacity fallow throughout the over 10,000 hectares of land mass the place the establishment is sited.

Equally, it is usually anticipated that the arable land assets within the establishment may very well be harnessed by buyers to provide sufficient meals for consumption, uncooked supplies for native trade whereas producing employment for teeming youths and increase the funds of the College.

Talking at a stakeholders’ assembly for the take-off of the FTZ, the Managing Director, Nigerian Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba stated that every one is ready for take-off of the zone to enhance the IGR of the establishment that can make it self-sustaining financially.

Adesugba defined that the college which has over 10,000 acres of land is replete with numerous mineral assets equivalent to gypsum, marble bauxite and gold, in addition to very wealthy agricultural land which might be but to be absolutely tapped for the good thing about the establishment and mankind.

Earlier, the Vice Chancellor of the College of Abuja, Prof. Abdul Rasheed Na’allah stated the purpose of the establishment is to assist the nation as an entire.

The Vice Chancellor who was on the stakeholders’ assembly gave the peace of mind that younger individuals will likely be higher mobilised to create wealth for the establishment and the nation basically if the institution of the FTZ is established within the faculty.