To foster a conducive environment for foreign direct investment, specific investor-centric, reliable, and efficient support services are in place, including:
- The NIPC's One-Stop Investment Center (OSIC) central hub, with over 25 government agencies streamlining services like immigration services, advisory coordination, business licensing, among others.
- Corporate Affairs Commission (CAC) guidance on business registration.
- Reforms under Nigeria’s Presidential Enabling Business Environment Council (PEBEC), working towards reducing bureaucratic bottlenecks.
Investor Tips for Nigeria
- Connect early with the NIPC: Early consultation can provide access to incentives and streamlined processes.
- Assess infrastructure developments: Projects like the Lekki Deep Sea Port and Free Trade Zones are opening new doors for trade and logistics.
- Navigate foreign exchange policies: Stay informed on the Central Bank of Nigeria rules for currency repatriation and foreign exchange to avoid delays.
- Understand sector-specific regulations: Nigeria allows 100% foreign ownership in most sectors, but certain industries may have specific restrictions.
- Leverage Bilateral Investment Treaties (BITs): Nigeria’s bilateral treaties offer added protections and access to international dispute resolution.
- Consider local partnerships: Collaborating with established Nigerian firms can aid in market entry and regulatory navigation.
- Keep an eye on policy changes: Monitor ongoing reforms, such as subsidy removals and exchange rate adjustments, which impact investment returns.
- Get expert local advice: Engaging professionals familiar with Nigeria's business environment can facilitate smoother operations.
The High Commission is also dedicated to providing assistance and guidance to enable investors to make strategic and well-informed decisions:
- Access to consultations to evaluate investment interests and opportunities in key sectors.
- Inputs on investment incentives and business environment reforms.
- Step-by-step guidance on the appropriate authorities for various purposes.
- Information on visa categories relevant to investors (e.g., STR Visa, TWP).
- Tips to ease relocation for investors and expatriates, including guidance on housing, transport, security, and cultural integration.
Our role continues even after your business is established. The NIPC continues to engage and:
- Aid in resolving regulatory/operational challenges.
- Provide updates on policy changes or new investment opportunities.
- Assist with business expansion and reinvestment plans.
For further information, please drop your queries at:
nhcdel@nhcdel.com
We look forward to welcoming and supporting you.