The Chief Operating Officer (COO) of Freezone Global Investments Ltd (FZGIL) has successfully secured PricewaterhouseCoopers (PwC), the global brand in management sciences, to pool resources in a strategic relationship with its parent body, Oil and Gas Free Zones Authority (OGFZA). This new partnership agreement 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, FZGIL, in the areas of strategic advisory services, optimisation of processes and investment promotion.
Speaking at the signing ceremony in OGFZA’s office in Abuja, in December 2017, the Managing Director of the Authority, Mr. Umana Okon Umana, described the new relationship with PwC as important. 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,” 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.”
Azobu said it was for him a great moment to be “a participant in the process for the development of my country”.
Expressing her delight on this new strategic partnership, Mrs Cynthia Eguridu, COO of FZGIL (The SPV) comments that: “This will enhance the credibility of our processes, streamline efficiencies while also attracting local and foreign investors and developers to help develop our oil and gas free trade zones under OGFZA’s regulatory authority.”