The increasing efforts of developing economies to attract and stimulate investment have led , over the years , to the establishment of investment promotion agencies (IPAs) or similar government institutions with the prime function of stimulating domestic investment and attracting foreign investment. The Nigerian Investment

promotions Commissions (NIPC) was created specifically for this purpose . furthermore, NIPC also has the responsibility to ensure the realization of the maximum benefits of the policies of liberalizations and deregulation of the national economy .

MESSAGE FROM THE CHAIRMAN

Our vision at the NIPC is to be the foremost investment agency and the Largest single contributor to Nigerian economics transformation . we intend to achieve this by proactively positioning and promoting Nigeria as the preferred investment destination

I need not belabor the point that Nigeria is Africa most dynamic economic and Has a vast array of investment opportunities .Local and foreign investors are encouraged to take advantage of these opportunities for mutual benefit of both stakeholders in the economy, the investors and country. The federal Government has been working hard to make the environment even more investment friendly through enacting of business facilitatory legislation and reform of existing structures and institutions for investment.

The NIPC was established as an agency for investors. I t remains committed to this mandate to execute investor-friendly programmers and offer facilities for investment promotion and facilitation in Nigeria it is being repositioned to make its vision and mission relevant to the nations investment need

The major objective of the publication of this brochure investment guide to Nigeria is therefore ,to bring together for the investing public information on investment opportunities, relevant investment policies, legislation, incentives and other beneficial information. The Guide discusses, under fourteen chapters, various aspects of government efforts at promoting investment. Appendix I contains the list of pioneer industries/products. Appendix 11 provides information on items prohibited for importation while Appendix 111 is a catalogue of some useful web address that will facilitate communication between investors and relevant agencies of government in Nigeria.

The need to consistently showcase and bean to local and foreign investors alike the vast investment opportunities that abound in the country remains a cardinal pursuit of the N.I.P.C. The publication of the maiden issue of this Guide in June 1999 was targeted at addressing this need at a time when Nigeria was returning to democratic rule. This fourth edition of the investors’ Guide, therefore, is aimed at highlighting new aspects of the Nigerian economy, which have emerged since the dawn of democracy. It is hoped that the information contained in this brochure would continue to provide useful guide and encourage the inflow of investment into the country.

The content of this Guide from the onset5 is a collective effort in the true sense of the word. We have greatly benefited from the materials received from various ministries, parastatals and other Agencies of government. These are fully acknowledged, but the responsibility for the information contained therein is entirely ours.

Thank you