HomenewsNewsOGFZA Hands over Bestaf Maritime Industrial Oil and Gas Free Zone Regulations

OGFZA Hands over Bestaf Maritime Industrial Oil and Gas Free Zone Regulations

  • July 25, 2023
  • Posted by: Destiny Young
  • Category: News
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Today, the Managing Director and Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), Sen. Tijjani Y. Kaura, MFR; received the Management of Bestaf Maritime Industrial Oil and Gas Free Zone (BMI OGFZ) at the Authority’s office in Maitama, Abuja.

In a brief ceremony to commemorate the handover at the Authority, Sen. Kaura handed over the Bestaf Maritime Industrial Oil and Gas Free Zone Regulations (2023) to the Managing Director, Mr. Otunba Jibrin.

While handing over the gazetted copies of “Regulations” to Mr. Otunba, the OGFZA helmsman urged him to keenly study the document which serves as a guide to the operations of the free zone in order to make the best use of it.

The said “Regulations” are pursuant to the powers conferred on the Authority by Section 25 of the Oil and Gas Export Free Zones Act, Cap 05 Laws of the Federation of Nigeria, 2004 and all other powers enabling it in that behalf with the approval of the Honourable Minister of Industry, Trade & Investment.

Addressing the Management of Bestaf, Sen. Kaura highlighted key areas relating to licensing business entities within the free zone, procedure for importing, exporting and movement of goods as well as physical planning and construction procedures in the Free Zone all captured in the “Regulations”.

He said the objectives of the “Regulations” are to complement the provisions of the enabling Act and the 2019 Oil and Gas Free Zones Regulations. It also provides details of the regulatory and supervisory requirements necessary to promote efficient and profitable operations in Bestaf, as well as facilitate the attainment of the goals for which the Free Zone is established.

He assured the Management of Bestaf of the Authority’s readiness to render all necessary support in whatever area or issues in relation to the operations of Bestaf in line with the “Regulations”.

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Author: Destiny Young
Destiny Young (He/Him) is a distinguished IT professional with over 17 years of industry expertise. His impressive academic portfolio includes an HND and BSc (Hons) in Computer Science, a Master of Technology in Information Technology from the University of South Africa (UNISA), an MBA with distinction and a first-class MSc in Digital Transformation from Nexford University, Washington, DC. He currently an MSc student at the Department of Computer Science and IT, Paul University, Awka, Anambra State, specialising in Cybersecurity and also pursuing doctoral degree in Business Administration (DBA) with a specialisation in Technology Management at ANAN University Business School. A Chartered IT Practitioner, Manager, and Administrator, Destiny's focus lies in Cybersecurity and Digital Transformation. His professional affiliations include membership in the Computer Professional Registration Council of Nigeria (CPN), Nigeria Computer and British Societies, Chartered Institute of Administration of Nigeria (CIA), and Nigerian Institute of Management (Chartered). He is a Fellow of the Institute of Information Management (IIM). Destiny's unique blend of academic excellence and practical experience positions him as a leading voice in the ever-evolving landscape of information technology and cybersecurity.

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