The concept of Special Economic Zone and its impact on development has attracted the attention of economists as well as planners the world over as they provide foreign exchange earnings with promotion of exports, create jobs to alleviate unemployment, assist in income creation and attract foreign direct investment and technology transfer. These macro-economic benefits are coupled with some major-economic issues that have generated serious concerns. Land is a serious constraint to long term development. Conversion of land from agricultural to other use involves change of livelihood which is not a smooth process.