Read Now INVESTMENT OPPORTUNITIES IN NIGERIA: HOW TO SUCCESSFULLY ESTABLISH YOUR BUSINESS PRESENCE IN NIGERIA Kindle
No serious investor, be it individual, group of individuals or corporate organizations intending to invest in the West African sub-region, can afford to ignore Nigeria. Nigeria’s investment potentials mark her out as one of the best investment destinations in the African continent. Unfortunately, due to prejudice and pre-conceived notions about Nigeria, many investors shy away from taking advantage of the great investment opportunities available in Nigeria. The purpose of this unique book is to highlight Nigeria’s investment potentials and the investment opportunities in Nigeria which potential foreign investors and Nigerians in the diaspora could take advantage of to establish their business presences in Nigeria.The book is also meant to provide a guide to potential foreign investors and Nigerians in the diaspora with an up-to-date guide on legal, regulatory and institutional framework for Investment Opportunities in Nigeria. The essence is to ensure that such potential investors are not caught on the wrong side of the law by going against government regulations and guidelines and to ensure that they do not fall victim of fraudulent persons. Nigeria’s land area of 923.768 sq km is one of the largest territories in the African continent. Out of this land area, about 37.33% is arable land suitable for farming and grazing activities. This large territorial area occupied by Nigeria is endowed with a variety of natural resources indicative of Nigeria’s potential to be economically great. For instance, Nigeria is endowed with about 44 different solid mineral deposits scattered across various locations in the various states of the Federal Republic of Nigeria. The names, locations and uses of these solid mineral resources have been provided in Chapter 5 of this book where Investment Opportunities in Nigeria have been fully discussed. In terms of oil and gas deposits, Nigeria has an estimated crude oil reserve of 28.2 billion barrels; 165 trillion standard cubic feet (scf) of gas reserves which includes 75.4 trillion standard cubic feet (scf) of non-associated gas. The oil and gas industry in Nigeria is one area of investment in which the investor cannot regret investing if the investor is properly guided in terms of investment options, appropriate corporate establishment and licensing processes and procedures.Human population wise, Nigeria’s 2020 population figure is estimated to be 206,139,589, which represents 2.64% of the world’s total population with population density of 226 per sq kilometer. The large Nigerian population, coupled with its large land territory, large coastal territory and endowment of natural resources and arable land, is indicative of its great potentials for economic growth which prospective foreign investors can take advantage of to establish their business presences in Nigeria.A potential foreign investor in Nigeria needs to know about Nigeria: her political and governmental system, economy, ethnic groupings, states that make up the Federal Republic of Nigeria, the business environment and factors affecting the business environment in Nigeria, banking system, security, government policies, attitude of indigenous peoples, road networks, transportation system, et cetera. These and more have been duly discussed and analyzed by the author in great details in this book. A potential investor would also want to know the steps to be taken in order to safely and successfully establish business presence in Nigeria in terms of requirements for company registrations, information and documents required for registrations with various regulatory agencies, share capital requirements, applicable fees, categories of companies exempted from registration in Nigeria, extent to which foreign nationals can own and participate in business ownership in Nigeria, tax registration requirements. This book has adequately addressed these and other important issues of concern to foreign investors need.
