ADSU International Journal of Applied Economics, Finance and Management

Prospects Of Mubi Free Trade Zone: A Panacea For Nigeria’s Economic Development

Abstract

Mubi, a border town and an economic hub of Adamawa-North senatorial district and indeed of the state itself, is a virgin town where smugglers and unscrupulous security and defence agents divert what would have been revenue to the country to themselves having field days “looking the other way” at the detriment of country’s economy; when the latter are supposed to protect the territorial integrity and internal security of the country with about 70 percent of goods in circulation in the Republic of Cameroon comes from Nigeria through smuggling with no benefit on her foreign earnings. On the other hand, a Free Trade Zone in Mubi can be a game changer for earnings geared towards national development as a policy recommendation, if made fruitful, a ground for industrialization where productivity can be made with little or no tariffs on goods and service largely made for export for the country’s foreign exchange as against the current scenario where locally manufactured goods from hard earned foreign exchange for domestic purposes find their way across, north, central and eastern Africa region.