Doing Business In Nigeria Some Of The Incentives Available To Investors

INTRODUCTION

Given Nigeria’s vast human and natural resources (which position her as a frontier market and potential investment haven) and against the background of the recent rebasing of her GDP (which resulted in her emergence as Africa’s largest economy), Nigeria should ordinarily not be rated among countries with low competitiveness. However, the World Economic Forum Global Competitiveness Report 2014–2015 placed Nigeria in the 127th position out of the 144 countries rated. This is the case, notwithstanding an array of investment incentives put in place by the Nigerian government in order to engender competitiveness and attract investments.

This article presents an overview of some of the various investment incentives available in Nigeria and the legal framework underpinning such investment incentives.

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