The Nigeria Federal Ministry of Industry, Trade & Investment in
partnership with Nigeria High Commission in Canberra will host
business leaders and key local industry representatives from Nigeria
and Australia for an informative discussion on Nigeria’s unique
investment opportunities and why to consider Nigeria as the gateway to
Africa market.
During this FREE event, you will gain insight from top companies and
key government officials from Nigeria on the tremendous investment
opportunities that make Nigeria a top destination for foreign direct
investment.
Forum participants will also have the opportunity to meet one-on-one
with Nigerian State Governments and Federal Capital Territory
representatives, to discuss investment opportunities across Nigeria.
NIGERIA INVESTMENT FORUM IN MELBOURNE 2019 WILL INCLUDE THE
FOLLOWING INDUSTRY STREAMS:
* Agribusiness: Arid farming technologies, Genetic & breeding
services and Food processing technologies.
* Healthcare: Digital health, Health & Wellness solutions, Education
& Training
* Housing Development: Turn key project development, Project
funding, PPPs (Public Private Partnerships).
* ICT: ICT enterprise software, GSM latest technologies, Digital
services, Fintech and E-commerce.
The Forum agenda is specifically designed to reflect the interests of
the attending delegates, providing the most relevant and current
information on sector opportunities to help inform investment
decisions.
See bios of our speakers on our Facebook page
[https://www.facebook.com/Nigeria-Investment-Forum-in-Melbourne-112065560206693/?modal=admin_todo_tour].
WHY NIGERIA?
Since 2005, Nigeria has been considered to be among the "Next Eleven":
the countries identified by Goldman Sachs investment bank as having a
high potential of becoming, along with the BRICS, the world's largest
economies. The growth is driven by a population of 193.4 million (2016
National Bureau of Statistics estimate) - growing at over 3% per annum
- and by an affluent and an increasing middle class.
The "cosmopolitans" (higher middle class) and the affluent, together
10% of the population or 17 million people, account for 40% of total
consumption. Another 21% of the population, or 36m people, could be
considered "rising strivers!" and are therefore of interest to
multinationals. About 65% of the Nigerian population is younger than
25 years.
Nigeria has consistently been ranked as one of the top three
destinations for foreign direct investment (FDI) in Africa over the
past decade until 2014, with Nigeria's FDI stock reaching 98.73
billion in 2016, a 3% increase from 2015. While most of the investment
is directed at the oil & gas sector, FDI flows are diversifying.
NIGERIA HAS INTRODUCED A NUMBER OF INCENTIVES TO ASSIST FOREIGN
INVESTORS. The NIGERIAN INVESTMENT PROMOTION COMMISSION ACT ENSURES
THAT INVESTORS CAN REPATRIATE 100% of profits and dividends, and that
100% ownership of companies is allowed in all sectors apart from oil &
gas. (While there are no restrictions on repatriating money for
foreign entities, there are restrictions if all directors are
NIGERIAN). Other incentives include a favourable Companies Income Tax,
Pioneer Status Grants, Free Trade Zones and tax relief for research
and development. A full list of government incentives can be found on
the NIPC
website (https://nipc.gov.ng/compendium/3-sector-specific-incentives/
[https://nipc.gov.ng/compendium/3-sector-specific-incentives/#])
MORE REASONS TO INVEST IN NIGERIA
* The African Continental Free Trade Area (AfCFTA) is a free trade
area, outlined in the African Continental Free Trade Agreement among
54 of the 55 African Union nations
* AfCFTA will enable businesses in Nigeria export to other 54
markets across Africa
* Africa Growth & Opportunity Act (AGOA) provides enhanced access to
US market for qualifying Sub-saharan African countries, including
Nigeria.
* Under AGOA about 6,500 products are granted duty-free access to US
market
* 4 International airports and major seaports in Lagos, Calabar and
Bonny Island
* 3,798 km of railway tracks and 168,000 km network
* Land borders with Benin, Cameroon, Chad & Niger and a natural hub
for the region
* Substantial Doing Business Reforms: In the past 4 years, 29
Nigerian states have implemented 43 reforms across areas benchmarked.
Kaduna, Enugu, Abia, Lagos and Anambra showed the largest advance
toward the global good practice frontier.
Register now:
Date: Monday 25th November 2019.
Time: 8:30am – 5pm.
Venue: International Chamber House, Level 5, 121 Exhibition St,
Melbourne VIC 3000 Australia.
For further information contact: Nigeria High Commission in Canberra,
ACT, Australia.
Email: nhcc.admin@foreignaffairs.gov.ng
Telephone: +61 2 6215 8500
Nigeria Investment Forum in Melbourne 2019 is supported by Australia
Africa Chamber of Commerce:
Event management: OctoberFirst Consulting Sydney - visit
octoberfirst.com.au
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08/12/2019 Last update