By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: NEPZA Licenses Harvestfield FTZ to Boost Local Medical Manufacturing, Cut Imports
Share
Sign In
Notification Show More
Latest News
Tinubu’s Turbo Fest 2026: NADDC pushes for motorsport dev’t in Nigeria
Business Economy Entertainment Hospitality Metro Motoring News
Count Tinubu out of your woes, fix your failures, TMSG raps ADC
News Politics
Group to ADC: “Subsidy savings translate to improved FAAC disbursements, sustained investment in social infrastructure, others on Tinubu’s watch”
Business Economy News Oil & Gas
President Tinubu’s state visit to the UK yields huge gains for Nigeria – TMV
Business Foreign News Opinion
UK-Nigeria Trade & Investment Partnership: NEPZA in the mix
Business Economy News Opinion
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > NEPZA Licenses Harvestfield FTZ to Boost Local Medical Manufacturing, Cut Imports
BusinessInfrastructureNews

NEPZA Licenses Harvestfield FTZ to Boost Local Medical Manufacturing, Cut Imports

Publisher
By Publisher Published February 18, 2026
Share
4 Min Read
SHARE

Dr. Olufemi Ogunyemi MD/CEO NEPZA (left), presenting the Operation Licence to Mr. Martins A. Awofisayo, MD/CEO Harvestfield Industries Limited, promoter of the zone.

By Chidi Ugwu

The Nigeria Export Processing Zones Authority (NEPZA) has presented the Declaration of Licence and Operation Licence to promoters of the Harvestfield Free Trade Zone (FTZ), a newly approved zone dedicated to the production of medical products, in a move aimed at reducing Nigeria’s dependence on imported healthcare supplies.

- Advertisement -
Ad image

Speaking at the presentation ceremony in Abuja, NEPZA’s Managing Director and Chief Executive Officer, Dr. Olufemi Ogunyemi, said the establishment of the Harvestfield FTZ would significantly curb the importation of medical products by boosting local manufacturing capacity.

Ogunyemi described the zone as a strategic intervention designed to address critical gaps in Nigeria’s health sector while positioning the country as a potential exporter of healthcare products.

“Harvestfield FTZ is strategic and focused on addressing key deficits in the health sector. This opens up a new opportunity for the country to become an exporter of health products,” he said.

He urged medical investors to take advantage of the incentives available within Nigeria’s free trade zones to scale up domestic production of medical supplies and equipment.

According to him, NEPZA remains committed to facilitating trade and investment initiatives that drive economic growth and align with the Federal Government’s industrialisation agenda.

“The Authority consistently supports trade and investment facilitation that drives economic growth and strengthens the President’s Renewed Hope Agenda to transform the country into an export-oriented nation,” Ogunyemi added.

Also speaking at the event, Dr. Abdu Mukthar, Presidential and Federal Ministry of Health representative, said the Harvestfield FTZ was an offshoot of the Presidential Executive Order on Local Manufacturing of Healthcare Products signed in 2024 by President Bola Ahmed Tinubu.

Mukthar, who also serves as National Coordinator of the Presidential Initiative to Unlock Healthcare Value Chains (PVAC), explained that the zone would host a major manufacturing partnership involving Danish conglomerate Vestergaard—the world’s largest producer of insecticide-treated nets—and Nigerian business group Harvestfield.

Under the joint venture, SNG Health, the partners are expected to produce 10 million dual-insecticide mosquito nets annually at the facility, creating an estimated 600 direct jobs in Ogun State.

He disclosed that the two firms had already invested 30 million dollars in establishing the facility, with additional financial commitments from smaller partners to support the project’s expansion.

According to Mukthar, production at the new plant is scheduled to commence in April 2026. During its first phase, the facility is projected to meet 30 per cent of Nigeria’s national demand for insecticide-treated nets.

He highlighted the public health significance of the investment, noting that Nigeria currently accounts for 27 per cent of the global malaria burden and 30 per cent of malaria-related deaths annually.

The local production of dual-insecticide nets, he said, would enhance access to life-saving preventive tools and strengthen the country’s fight against malaria.

The Harvestfield FTZ is expected to deepen Nigeria’s healthcare value chain, reduce pressure on foreign exchange spent on medical imports, and stimulate industrial growth through job creation and technology transfer.

The development marks a further step in the Federal Government’s drive to expand local manufacturing under the free trade zone scheme and reposition Nigeria as a competitive player in global health product exports.

Like this:

Like Loading...

Related

You Might Also Like

Tinubu’s Turbo Fest 2026: NADDC pushes for motorsport dev’t in Nigeria

Count Tinubu out of your woes, fix your failures, TMSG raps ADC

Group to ADC: “Subsidy savings translate to improved FAAC disbursements, sustained investment in social infrastructure, others on Tinubu’s watch”

President Tinubu’s state visit to the UK yields huge gains for Nigeria – TMV

UK-Nigeria Trade & Investment Partnership: NEPZA in the mix

TAGGED: NEPZA

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher February 18, 2026
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Pro-Wike Group Tasks Rivers People on Tinubu’s Second Term Bid
Next Article Report any soldier following celebrities unprofessionally – Army Commander tells journalists
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow
- Advertisement -
Ad image

– Member of –

Latest News

Tinubu’s Turbo Fest 2026: NADDC pushes for motorsport dev’t in Nigeria
Business Economy Entertainment Hospitality Metro Motoring News March 30, 2026
Count Tinubu out of your woes, fix your failures, TMSG raps ADC
News Politics March 30, 2026
Group to ADC: “Subsidy savings translate to improved FAAC disbursements, sustained investment in social infrastructure, others on Tinubu’s watch”
Business Economy News Oil & Gas March 30, 2026
President Tinubu’s state visit to the UK yields huge gains for Nigeria – TMV
Business Foreign News Opinion March 30, 2026

You Might also Like

BusinessEconomyEntertainmentHospitalityMetroMotoringNews

Tinubu’s Turbo Fest 2026: NADDC pushes for motorsport dev’t in Nigeria

March 30, 2026
NewsPolitics

Count Tinubu out of your woes, fix your failures, TMSG raps ADC

March 30, 2026
BusinessEconomyNewsOil & Gas

Group to ADC: “Subsidy savings translate to improved FAAC disbursements, sustained investment in social infrastructure, others on Tinubu’s watch”

March 30, 2026
BusinessForeignNewsOpinion

President Tinubu’s state visit to the UK yields huge gains for Nigeria – TMV

March 30, 2026
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d