You need to add two lines (3 and 4 in the code snippet below) into _bsp_nandflash_io_init() in the BSP init_gpio.c, in order to specify divider of NFC clock:
SIM_SOPT2_REG(SIM_BASE_PTR) |= SIM_SOPT2_NFCSRC(0x00);
/* SIM_CLKDIV4: NFCDIV=7 */
SIM_CLKDIV4 &= 0x00FFFFFF; /* clear 8 most significant bits */
SIM_CLKDIV4 |= SIM_CLKDIV4_NFCDIV(7);
/* Enable clock gate to NFC module */
sim->SCGC3 |= SIM_SCGC3_NFC_MASK;
I tried that this works with PE Generated Code for the TWR-K70F120M BSP.