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Home Business NEPZA HANDS HARVESTFIELD FTZ LICENCE, TARGETS CUT IN MEDICAL IMPORTS

NEPZA HANDS HARVESTFIELD FTZ LICENCE, TARGETS CUT IN MEDICAL IMPORTS

By Kikelomo Okere

 

The Nigeria Export Processing Zones Authority has officially presented the Declaration and Operational Licences to Harvestfield Industries Free Trade Zone, a specialised medical products hub designed to slash Nigeria’s dependence on imported healthcare supplies.

 

Presenting the licences in Abuja, Managing Director and CEO of NEPZA, Olufemi Ogunyemi, described the zone as a strategic intervention to fix critical gaps in the health sector and position Nigeria as a producer — and exporter — of medical products.

 

He urged investors to take advantage of the Free Trade Zone scheme to scale up local manufacturing, boost exports and drive economic growth in line with the Renewed Hope Agenda.

 

Also speaking, Presidential and Ministry of Health Representative, Abdu Mukhtar, said the project stems from the 2024 Executive Order on Local Manufacturing of Healthcare Products signed by President Bola Ahmed Tinubu.

 

Under the initiative, Danish health manufacturer Vestergaard, in partnership with Harvestfield through SNG Health, will produce 10 million dual-insecticide mosquito nets annually in Ogun State. The $30 million facility is expected to create about 600 jobs and commence production in April 2026.

 

At full takeoff, the plant will meet 30 percent of Nigeria’s insecticide-treated net demand in its first phase — a major boost for a country that bears one of the world’s heaviest malaria burdens.

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