1. Nigeria is said to be the giant of Africa. This is not an understatement. It has a population of over 200 million and abundant mineral resources majorly, oil and gas, bitume, iron ore, gypsum, gold, talc, lead/zinc, coal, germ stones, coal, cotton, kaolin, rock salt, etc. These are in commercial quantities. Nigeria is the largest economy in Africa and investors are assured of a gateway into Ecowas market of over 260 million population.
2. Nigeria is one of the most developed and largest Economy in Africa. The major sectors of Nigeria Economy are Agriculture, Oil and gas, mining, services and light and heavy industry. It is ranked the 27th largest economy in terms of normal GDP and the 22nd largest in terms of purchasing power parity.
3. Investors are invited to invest in Nigeria for the following reasons:
- Nigeria’s democracy is fully stable and resilient
- A One Stop Shop in place for prompt investment entry approvals
- Fully liberalized economy and foreign exchange regime
- Functional, efficient and responsible banking services with foreign currency denominated account facilities to foster international trade
- Availability of labour force that is skilled, trainable, adaptable and competitive
- Attractive and negotiable incentive packages for investors
- Constitutional guaranties and safeguards against nationalization and expropriation of investments
- Member of Multilateral Investment Guarantee Agency (MIGA)
- Intellectual Property Rights
- Excellent Telecommunications facilities
- Domestic market of 200 million people with relatively high purchasing power
- ECOWAS Market of 250 million
- Private sector participation in various forms: PPP Strategy, Alliance, Joint Ventures, Concessions, Management Contracts,
- Flexible labour regulation, etc.
4. Investors interested in taking advantage of the Nigerian market are advised to contact the under listed agencies or the economic section of the Embassy.
a. Embassy of the Federal Republic of Nigeria
Kinshasa – DR-Congo
Telephone +243 (0) 81 700 0538, ext. 102
Email: Nigeria.kinshasa@foreignaffairs.gov.ng
b. The Executive Secretary, Nigerian Investment Promotion Commission (NIPC)
Plot 1181, AguiyiIronsi Street, Maitama – Abuja
Tel: 234 (09) 2904882 , 2904722 , 234 (0) 809 770 1602
Email: mustafa_bello@nipc.gov.ng
Email: osicinfodesk@nipc.gov.ng
Tel: +234 (9) 8761585 , +234 (9) 8761636
Website: www.nipc.gov.ng
c. The Chairman – Corporate Affairs Commission
Plot 420, Tigris Crescent, Off Aguiyi, Ironsi Street, Maitama, Abuja, Nigeria.
Tel: +234 818 229 8971 / +234 818 229 9016
Email: cservice@cac.gov.ng
Website: www.cac.gov.ng / www.cacnigeria.com/
d. Honorable Minister – Federal Ministry of Industry, Trade and Investment
Block D, Old Federal Secretariat, Area 1, P.M.B 88, Garki, Abuja
Tel: +(234 9) 08034521748
Email: centbash@yahoo.com / info@fmti.gov.ng
Website: www.fmti.gov.ng
e. Executive Director – National Agency for food and Drug Administration and Control (NAFDAC)
Abuja operation office
Plot 2032, Olesegun, Obasanjo way,
7, Wuse, Abuja, Nigeria
Lagos Operation Office:
Plot 1, Industrial Estate, Lagos, Oshori, Apapa Express way, Isolo, Lagos, Nigeria.
Tel: +234 (0) 14609750
Email: nafdac@nafdac.gov.ng
Tel: +234 (0) 909 763 0506, +234 (0) 909 763 0507
Email: reforms@nafdac.gov.ng
f. Executive Director – Standard Organization of Nigeria
52, Lomé Crescent, Zone 7, Wuse, Abuja
Tel: 08002255766
Email: info@son.gov.ng
SON Operational Headquarters
13/14, Victoria Arobieke Street, Lekki
Tel: 0815 939 0771
Email: info@son.gov.ng
g. Honorable Minister – Ministry of Agriculture and Rural Development
Secretariat Complex, Capital Street, Area 11 Garki, Abuja, Nigeria 23409
Email: oluremi.makinde@fed.gov.ng
Website: www.fmard.gov.ng
h. Honorable Minister – Ministry of Mines and Steel Development
2, Luanda Crescent, off AdetokumboAdemola Crescent Wuse II, Abuja, F.C.T, Nigeria
Tel: +234 9 523 9064
Email: info(at)fmmsd.gov.ng
i. Director – NNPC (Nigerian National Petroleum Corporate)
Herbert Macaulay Way
P.M.B.190, Garki, Abuja
Website: webmaster@nnpcgroup.com
contactus@nnpcgroup.com
Tel: +234 9 460 81000
j. Chairman – Small and Medium Enterprises Development Agency
35, Port Harcourt,Crescent, off Gimbiya St, Abuja, Nigeria.
Website: www.smedan.gov.ng