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Investing in Nigeria
Investment Opportunities
There are over 2000 industrial establishments
in the country. Among these are a giant oil industry, Iron complexes, steel
rolling, pharmaceutical industries, food processing, car assembling and the
up-coming Export Processing Zone (EPZ). Government economic policy favours
and places priority on greater investment in agricultural production and
manufacturing and exports of production, abundantly skilled and versatile
human resources and access to a vast local market of over 100 million people
and beyond in the sub-region. Sectors highlights are addressed in the
following sections:
Priority Areas of Investment
There are four Industrial Sectors which are considered priority areas of
development because of their linkage effects on the other sectors and
potential catalytic role in the overall growth of the industrial sectors.
These priority areas which are most favoured in the administration of
government industrial incentives are:
i.
Metallurgical/Engineering Industries
ii. Agriculture (Forest-based and agro-allied activities)
iii. Chemiccal/Petrochemical Sector
iv. Construction Sector
Specifically the industrial projects desired from
these sectors are:
i. Foundries and Forges
ii. Metal Fabrication/Machine Tools;
iii. Pharmaceuticals;
iv. Rubber and Plastic;
v. Leather and Leather products;
vi. Textiles and Weaving apparels;
vii. Cement;
viii. Other non-metallic material building materials; bricks, ceramic
glass;
ix. Food Processing;
x. Sugar, Confectioneries and Beverages
xi. Cereal and Grain Milling;
xii. Fruits, Vegetables, Vegetable Oils, Oil Seeds, Roots and Tubers.
In addition to the twelve identified priority
areas mentioned above, investors are welcome to also participate wholly or
jointly with Nigerians in the following specific projects:
i. Gemstones
cutting and polishing;
ii. Gold processing;
iii. Mini-sugar production plants;
iv. Multi-mineral plant for gypsum, talc, kaolin, marble/dolornite,
baryte etc;
v. Cement production (700- 1000 metric tonne per day)
vi. Lead and zinc project
vii. Processing of salt from sea water;
viii. Sodium trisphosphate production
ix. Small medium scale plant for sheet metal reduction
x. Mining of industrial minerals; bitumen etc;
xi. Stone cutting/polishing;
xii. Fabrication of spare parts;
xiii. Exploitation of coal with known reserve of 293 140 000 tonnes in
Enugu, Kogi and Adamawa States timber/wood processing
Opportunities
in other States
Delta State
Lagos State
Nassarawa State
Plateau State
Osun State
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