Kano Free Trade Zone Generates ₦36bn

The Kano Free Trade Zone has generated more than ₦36 billion in customs revenue and created between 3,000 and 5,000 direct jobs between January and August 2026, according to its Director, Solomon Matthew. Matthew said the zone, occupying 262,000 hectares, hosts enterprises engaged in manufacturing, processing, and trading. 113 enterprises have been registered in the zone since its establishment, with 87 currently functional. He highlighted technology transfer as a major benefit, explaining that Nigerian workers gain expertise by collaborating with expatriates. Deputy Director Richard Bassey disclosed that the ₦36 billion revenue represented a sharp increase from ₦24 billion recorded in 2025, attributed to closer collaboration with the Nigeria Customs Service, which introduced inventory procedures ensuring duty is paid only on raw materials actually used in production. The Nigeria Customs Service confirmed revenue from the zone had risen to ₦40 billion since January, monitored through a live dashboard refreshed every 15 minutes. Deputy Comptroller Isah Bala said customs operations in the zone are guided by compliance, trade facilitation, and accountability. Enterprises benefit from incentives to import raw materials, process them into finished goods, and export, with duties collected upon entry into Nigeria’s domestic customs territory. The zone also stimulates small businesses through ‘backward linkages’ and attracts foreign direct investment as international firms bring capital to establish operations.