INVEST IN NIGERIA

With increasing globalization, the world has become a small village where cross border investments and sustainability are the focal points of economies. Nigeria is one of the potential power economies of the world, Africa’s biggest economy and West Africa’s choice destination for growth and investment. It has the largest population in the continent with a rapidly expanding and vibrant young population. Nigeria has a wealth of mineral resources, many of which remain untapped and a wide array of agricultural resources that abound across all 36 states of the country. It is indeed a country with an important market that must not be ignored by any investor looking for long term growth.

Investment opportunities exists in various sectors including energy, agriculture, Telecommunications, Information and Communication Technology (ICT), entertainment and media, tourism, real estate and construction.

Visits the links below for more information on how to explore business opportunities in Nigeria.

• AGRICULTURE INVESTMENT
• INDUSTRY INVESTMENT
• SERVICES INVESTMENT

DOING BUSINESS IN NIGERIA

Types of Businesses

There are four (4) types of companies recognized for business in Nigeria:

1.     Private Limited Liability Company (LTD): This is the most common form of business set up by investors and it requires a minimum share capital of NGN 10, 000. A private limited liability company is a legal entity in its own right, separate from those who own it. The company requires a minimum of two (2) and a maximum of fifty (50) shareholders and directors. Such a company is restricted from transferring its shares freely and prohibited from inviting the public to subscribe to its shares, debentures and/or deposit money for fixed periods or payable at call, whether or not bearing interest.
2.     Public Limited Liability Company (PLC): The minimum share capital for this type of company is NGN 500,000. A Public Limited Company required a memorandum of Understanding of two (2) shareholders. There is no restriction  on the maximum number of shareholders or their right to transfer their shares freely. The public may be invited to subscribe to its capital and the shares may be traded on any securities Exchange.
3.     Company Limited by Guarantee (GTE): Generally incorporated as a not-for-profit, this kind of company limits its members’ liability to the amount of their respective guarantees.
4.     Unlimited Company: This type of company has no limit on the liability of its members.

Business Incorporation Process

Businesses can be registered online via the CAC Company Registration Portal. Through this site, investors – or their agents – can conduct name searches, complete the required forms, submit all relevant incorporation documents, and also pay associated fees. However, investors may also visit the CAC office or the One-Stop Investment Centre (OSIC) of the Nigerian Investment Promotion Commission (NIPC) to complete or submit paper applications.