Location: Abia State, Nigeria
Project Type: City
Type of City: Specialty City
The Enyimba Economic City is a 9,464 hectare tax and duty free special economic zone that aims to transform Abia State, Nigeria into a manufacturing and industrial powerhouse. It’s designed to create a global business hub in Nigeria with world class infrastructure, including dedicated 24/7 power, and broadband internet.
Enyimba Economic City will promote the integration of Nigerian businesses into regional and global value chains. It is a Special Economic Zone (SEZ) under the Made in Nigeria for Export (MINE) Programme of the Federal Government of Nigeria, and it has a Free Trade Zone Status. The project is fully conceptualized and Phase One is designed and shovel ready. The project has a signed term sheet with Afreximbank for $201.7 million, out of which they are underwriting $150 million. They are currently undergoing due diligence and hope to reach financial close by November 15, 2022.
Eradicate unemployment and transform Nigeria into a manufacturing and industrial powerhouse in Africa.
EEC won first place in Charter Cities Institute’s 2019 Business Plan Contest. Along with EEC’s legal team, CCI co-drafted EEC’s draft city regulations that were then submitted to the Nigeria Export Processing Zone Authority (NEPZA) for approval. A final version of these city regulations for EEC were approved into law.