Business/Investment Opportunities in Nigeria

Apart from the enormous potentials and investment opportunities in the Nigerian in the Economy, the country's investment climate at present is one of the most favourable in Africa for a number of reasons:
Political Stability
The enthronement of a viable democratic system, which guarantees political stability, improves international relation and respect for human rights would in various ways enhance investment opportunities in the country.

Investment Incentives

The investment atmosphere in Nigeria is now conducive given the abundant resources available, large market, enthronement of enduring democracy, and a package of incentives including tax holidays among others put together by government. Foreign investors and other interested individuals should take advantage of these to invest in the Nigerian Economy for sustainability and profitable returns.
Agriculture:
 
Farming
Planting of maize, groundnuts/peanuts, fruits, cassava, vegetables, rice, palm trees, onions, potatoes, tomatoes, coffee, cocoa etc.
Livestock
Cattle, goat, sheep, pig rearing, poultry. Etc
Fishing
Deep/shallow water fishing and aquaculture/fish farming.
Manufacturing
Interested companies can use abundant raw materials available in Nigeria to produce assorted consumer and industrial products for domestic and export markets.
Recommended areas to invest include, food processing, juice concentrates, cement, marble/ceramic, wood/timber processing, vegetable oil, tire manufacturing, export processing zone. etc. Please see investment areas listed below.
Export processing zones schemes
Foreign manufacturing firms may choose to locate at Nigeria’s premier export processing zone in Calabar.
Available incentives include but not limited to: •100% foreign ownership of investments
•“one stop” approvalsno import or export licences
•duty free import of raw materials
•unrestricted remittance of capital
•profits and dividends
•tax holidays
•no labour strikes
•permit to market 25% products in the domestic market
Mining
Coal, bitumen, crude oil, columbite, tin, tantalite etc
Petrol chemical industries
Foreigners can invest in Gas processing plants, crude oil processing into polythene, chemicals etc.
Financial services
Banking, stock trading, financial intermediation, consultancy.
Telecom
Telephone network service provision; fixed and wireless, telecommunications equipment manufacture and supply, payphone services, consultancy etc. 
Energy
Power generation, equipment manufacture and supply, consultancy etc.
Printing and publications
Printing press, News and Book publication, printing machines and supply.
Travel and tourism:
Hotels, restaurants, travel bureau, airlines etc.
Hospitality
The hospitality sector of the tourism industry seems to be the most competitive area with the presence of starwood Hotel Groups, owners of Sheratons, Hilton, Le Meridien, Shangra Lai the Asian Hotel giant in restaurants and many
Beach
Meanwhile, most of Nigeria's beautiful beaches locations are still largely without accommodation facilities, which are targets for investors in most tourism destinations across the globe.
Tour Operations
Like the , Europeans and Americas tour companies invaded the North, South and East Africa by having tour offices in these regions which enable them to market destinations in their home countries is lacking in the case of Nigeria. Any Company willing to do so for Nigeria will be highly welcome. Local hotel and restaurant groups battling for a better share of the market.
Education and training
Secondary/primary schools, Universities/professional training services/centers, computer education.
To obtain more information on business/investment opportunities in Nigeria please contact
Ema info service

Formation of Business Entites by Foreigners in Nigeria

In Nigeria foreigners can engage in business in a simple and straightforward partnership.
They may also choose to incorporate their own companies in accordance with relevant laws.
Partnership
In law, partnership is not a separate legal entity as an incorporated company. Partnership is the relationship subsisting between persons carrying on business in common with the objective of making profit. Partnership is normally referred to as a firm and the name in use is the firm’s name. The maximum number of partners allowed by law is 20.General Partnership
All partners are jointly and severally liable for all the debts and obligations of the firm. The implication is that if the total assets of the firm cannot pay for the liabilities, the personal properties of the partners can be sold to meet the objections.
 
Limited Partnership
One or more of the partners enjoy limited liability. In other words, the capital contribution of a limited partner is the limit of his liability.
 
Formation of Partnership
Under the various legislations, no particular formality is required for the formation of a partnership. The agreement may be oral, written or implied from the parties conduct.
A partnership agreement made under seal is called “ARTICLES” OR “DEED” and one made under hand is known as “partnership Agreement”.INCORPORATED COMPANY
In Nigeria, the principal legislation on company law and incorporation is the Companies and allied matters of 1990 Act (hereinafter referred to) (C.A.M.A. 1990).

Types of Companies
Private company, with minimum of 2 members and maximum of 50 members.
Public company, minimum members 2 and No maximum
A company may be limited by shares or by guarantee also, a company may have unlimited liability.
Capacity of Individuals to Form a Company

According to the companies and Allied matters Act of 1990 only persons who are
18 years and above,
Persons of sound mind,
Persons who are not declared bankrupt,
A body corporate that is not in liquidation,
An alien or a foreigner who satisfies 54(1) of C.A.M.A regarding incorporation.
For more information on company formation please

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