Category: Reviewed Investor's Guide 2006

Africa’s most populous Country The Federal Republic of Nigeria is located in West Africa and shares common borders with Niger Republic (north), Chad (northwest), Cameroon (east), Republic of Benin (west), while its southern region is bounded by the Atlantic Ocean. ...

The Political System Nigeria’s democracy is based on a federal form of government comprising the executive, legislature and judiciary as defined by the Constitution of The Federal Republic of Nigeria 1999 (“the Constitution”). Executive powers are vested in the President...

Investment Promotion A liberal framework for investment is set by the Nigerian Investment Promotion Commission Act 1996, which permits 100 per cent foreign ownership of Nigerian companies in most sectors, except those activities determined by the executive arm of the...

The privatisation of the Public Enterprises is one of the important elements of Nigeria’s economic reforms through which the hitherto commanding heights of the economy are being transferred to the private sector. The key strategies of the privatisation programme include:...

INTRODUCTION The automobile industry in Nigeria dates back to early 1960’s when private companies like UAC, Leventis, SCOA, BEWAC and R.T. Briscoe pioneered the establishment of auto assembly plants using imported semi-knocked down components (SKD). Government became involved in the...

SECTOR DATA The Macro-environment: Steel is accepted worldwide as the bedrock of industrialization for any Nation. This industrial base hinges on a well-developed iron and steel industry that would produce such industrial raw materials as: Cast Iron (different categories) Rods...

SECTOR DATA THE MACRO-ENVIRONMENT The Federal Ministry of Aviation is responsible to the Government of the Federal Republic of Nigeria for all matters concerning Civil Aviation.  The Minister of Aviation is in charge of Policy formulation and overall management of...

SECTOR DATA Nigeria is one of the world’s major oil & gas producers. Currently, the country’s oil & gas reserves are conservatively estimated at 26 billion barrels and 157 trillion cubic feet, respectively.  4 giant deepwater fields, Bonga, Erha, Agbami...

OVERVIEW OF THE POWER SECTOR Electricity supply in Nigeria is currently being undertaken by the National Electric Power Authority (NEPA), established by Decree No. 24 of 1st April 1972, with the amalgamation of Electricity Corporation of Nigeria (ECN) and Niger...

SECTOR DATA THE AGRICULTURAL SECTOR Agriculture is the mainstay of the Nigerian economy as it provides food for the expanding population, raw materials for the industrial sector, employment opportunities for a large percentage of the population, increase in rural income/welfare...