Thursday, January 27, 2011

INVESTMENT LEGISLATIONS IN NIGERIA.

From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.

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INVESTMENT LEGISLATIONS IN NIGERIA.

It is well documented fact that Nigeria, a country of well over 140,000,000 people with a population growth of 5.7% per annum represent the largest market for any product and services meant for the African continent. This market guarantees an expanding and sustainable demand for product and services in the Power/Energy, Oil & Gas (extractive and non-extractive), Agriculture & Agro Allied, Waste Management, Maritime, Shipping and Ports, Solid Minerals, Banking & Financial services, Tourism / Hospitality, Pharmaceuticals and Health services, Information & Communication Technology (ICT) and Manufacturing sectors of the Nigeria economy.

It is instruction to note that Nigeria has the highest return on investment (RoI) in Africa, generally between 35% -45% (70 –100% in some sectors), is one of leading destinations of Foreign Direct Investment {FDI} on the Africa mainly into the petroleum and telecommunication sector and surely the next sector with much need for investment and having the market for development in Nigeria is the generation, transmission and distribution of power. As the nation embarks on a road show across the world to showcase the investment opportunity in the generation, transmission and distribution in the power/energy sector, the aim of this article is drawn the attention of willing investors to some basic investment legislations in Nigeria.

The Nigerian Investment Promotion Commission Act 16 of 1995; Investment Protection Guarantees Non-expropriation of Investment: The NIPC Act No. 16 of 1995 guarantee that ‘No enterprise shall be nationalized or expropriated by any government of the federation
100% ownership of investment in any sector (except ones listed in the ‘negative list’) irrespective of nationality Guarantee of unconditional transferability/repatriation of funds through an authorized dealer, in freely convertible currency

Also under the Foreign Exchange (Monitoring & Miscellaneous Provisions) Act 17 of 1995, investors are free to repatriate their profits and dividends net of taxes through any authorized dealer in freely convertible currency.

Full text of the following investment related laws can be found on our online business forum at http://www.nigeriabusinessplace.com/ .

1. PUBLIC PROCUREMENTACT, 2007

2. INFRASTRUCTURE CONCESSION REGULATORY COMMISSION (ESTABLISHMENT, ETC) ACT, 2005

3. Banks and other Financial Institutions Decree 1991

4. REVISED GUIDELINE ON BUSINESS PERMIT AND QUOTA

5. Bills of Exchange Act 1990

6. Environmental Impact Assessment Decree 1992

7. Nigerian Oil and Gas Industry Content Development Bill 2010

8. National Minerals and Metals Policy

9. Coastal and Inland Shipping (Cabotage) Act 2003


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INVESTMENT LEGISLATIONS IN NIGERIA.

At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.

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HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA

Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.

The training cuts across different segment of the economy to include Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism and Transportation and are facilitated by seasoned professionals in their respective fields.

Please do visit the link below to access available training programmes
Foraminifera Market Research is a dynamic market intelligence company providing comprehensive market research solutions and strategic intelligence services to start-ups and existing businesses in Nigeria.

We prepare business plan, feasibility study and market report for the small and medium scale industries and develop the entrepreneurial capacity of our client with the aim of providing the much needed business data in Nigeria.

In keeping with our vision of providing services that adds value to our clients business and resources to develop their business into a strong and visible global brand, we would like to introduce to you to our sister websites

www.nigeriaoilandgasportal.com { The one stop for the oil and gas industry in Nigeria}
www.marketreportportal.com { Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com {Online Business Forum}