PwC Partners OGFZA to Boost FDI

December 21, 2017
PwC Partners OGFZA to Boost FDI

By Modupe Gbadeyanka

A partnership agreement has been signed between PricewaterhouseCoopers (PwC) and the Oil and Gas Free Zones Authority (OGFZA).

The deal is to pool resources in a strategic relationship that will see the two organisations working together to drive investments into Nigeria’s oil and gas free zones.

The partnership agreement commits PwC to long-term collaboration with OGFZA’s investment subsidiary, the Free Zone Global Investments Limited, in the areas of strategic advisory services, optimisation of processes and investment promotion.

Speaking at the signing ceremony in OGFZA’s office in Abuja, Managing Director of the authority, Mr Umana Okon Umana, described the new relationship with PwC as important.

Mr Umana said the mandate of OGFZA to manage the nation’s oil and gas free zones and grow foreign direct investment inflow into them required professionalism that can only be enhanced through partnership with the right brand like PwC.

“Given what you represent as a global brand, working together we can win for OGFZA and for Nigeria,” Mr Umana told the team from PwC, and thanked them for accepting to partner with OGFZA to “fully realise the promise of the free zones as vehicles for growth and development.”

Mr Cyril Azobu, partner at PwC and leader of the team, said his organisation was excited to be part of the OGFZA initiative, adding, “I strongly believe you have the right niche for investments.”

Mr Azobu said it was for him a great moment to be “a participant in the process for the development of my country.”

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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