Nigeria with over one hundred and forty million population is a worthy destination for investors of all sorts. Nigeria has an internal market that has no rival within the African continent.
In1988, the Industrial Coordination Committee (IDCC), now known as the Nigerian Investment Promotion Commission (NIPC) (established in 1995), was set up to manage the grant of all approvals with regards to the creation of new businesses by foreigners.
Investments into the following areas are unwelcome:
Before you Invest:
No doubt there are investment opportunities in Nigeria. However, there are some important tips to know before you invest. Beehive brings you some of these:
Sectors with Potentials for Investments
The enormous profit that can be made in the oil and gas industry as made this sector with that most the highest number of investors.
Other sectors are:
Agriculture sector:This involves food preservation, animal feeds production, fruits processing, livestock and abattoir development, trawling fish and shrimps and large scale integration farming.
Solid Mineral sector: Nigeria has many untapped resources: Limestone, Coal, Tantalite, Gypsum, Gold, Barite, Marble, Manganese, Lead/zinc, Bitumen, Tin and columbite, Iron ore, Kaolin. The solid mineral sector can be explored. For more information, check this website
Telecommunications sector: Provision of private network links, sales and installation of terminal equipments, manufacture of telecommunication equipments and accessories.