Investor’s Guide 2006 – Nigeria: the investment magnet of Africa
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. ...
Investor’s Guide 2006 – Favourable Political Environment
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...
Investor’s Guide 2006 – Conducive Investment Environment
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...
Investor’s Guide 2006 – Privatisation: fast channel to the Nigerian economy
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:...
Nigeria Machine Tools Limited, Oshogbo (NMTL)
BACKGROUND AND CORPORATE STATUS OF NMTL The Nigeria Machine Tools Limited, Oshogbo (“NMTL”; “the company”) was conceived in the Nation’s 4th National Development Plan (1976 – 1980) which supported the establishment of industries for the production of capital and engineering...
Nigerian Mining Corporation
BACKGROUND The NMC is a Federal Government Public Statutory Corporation established by Decree number 39, as contained in Gazette No 54, Vol. 59 of 1972, and amended by Decree 34 of 1976 (now NMC Act, Cap. 317, 1990). The NMC...
Jos Steel Rolling Company
JOS STEEL ROLLING COMPANY LTD, AZI NYAKO INDUSTRIAL AREA JOS PLATEAU STATE BACKGROUND The Company is one of the three inland steel rolling mills established solely by the Federal Government of Nigeria as part of the efforts to enhance the...
National Inland Waterways Authority (Niwa)
National Inland Waterways Authority HQ (NIWA), P. M. B. 1004, Adankolo New Layout, Lokoja – Kogi State. The Company NIWA was formerly the Inland Waterways Department (IWD), which was the oldest Operational Department in the Ministry of Transport from 1956...
Anambra Motor Manufacturing Company Limited (ANAMMCO)
ANAMMCO has its corporate headquarters located at Emene Industrial layout, PMB 2523 Enugu Nigeria BACKGROUND AND CORPORATE STATUS OF ANAMMCO Anambra Motor Manufacturing Company Limited (“ANAMMCO” or “the Company”) was incorporated in 1977 as a private limited liability company. It...
Investor’s Guide 2006 – AUTOMOBILE SECTOR
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...
