With a stable democratic system established after the presidential election of 2015, resource-rich Nigeria presents itself as a great opportunity for investors from all around the world. Since the 1970s, the country’s oil production sector has been defining its economy. In 2011, Nigeria was the 10th largest producer of oil. It is the most populous country in Africa, and is ...

We do not inherit the earth from our ancestors; we borrow it from our children – anonymous People of every era are basically assessed from two major stand points: the tangible elements and the intangible elements. The tangible element is the manifestation of human enterprise in forms such as building, sculptures, paintings and other physical creations. The intangible element manifests ...

Although Psalm 24: 1 says: The earth is the Lord’s and the fullness thereof… man’s appetite for acquiring land has become voracious overtime that one man has over 200 landed property while another has an illegal lease on the streets of cities and towns across the world. While this article is neither aimed at condemning the have nor the have ...

The Federal Government of Nigeria in its determined efforts to develop and promote tourism into an economically viable industry had in 1991 evolved a tourism policy. The main thrust of the policy is to make Nigeria a prominent tourism destination in Africa, generate foreign exchange, encourage even development, promote tourism-based rural enterprises, generate employment, accelerate rural-urban integration and foster socio-cultural ...

MAJOR INDUSTRY POLICIES Introduction Under the Petroleum Act of 1969 as amended, the entire ownership and control of oil and gas in Nigeria (including under its territorial waters and continental shelf) is vested in the state of Nigeria. The ownership of oil and all minerals in Nigeria is further reinforced under section 40(3) of the 1979 constitution of the Federal ...

In the modern times, mining has established itself as a buyer’s market. Various regions throughout the world, including China, Australia, Europe, South Africa, and Canada, are all doing extremely well in this industry, with a major chunk of investments being directed by companies into these areas. However, another region which seems set to join these locations is Nigeria, a country ...

There are tremendous opportunities in this sector also, and government has invested heavily in the generation of vital information on minerals? Outstanding among these are coal, gypsum, barytes, kaolin and talc. Nigeria has one of the best quality coal deposits in the world with the lowest sulphur content. The names, location, quantity and possible industrial exploitation of some solid minerals ...

The priority area of industrial investment which are favoured in the administration of government industrial incentives are those described here-below: (i) Industries which can either immediately or in a few years time source their raw materials locally e.g. in the agro and agro-allied sub-sectors for which there are abundant natural resources in Nigeria, including food preparations, e.g. fruit drinks, cereal ...

 The New Nigerian Agricultural Policy Nigeria is a food-deficit country that on occasions has been dangerously dependent on food imports for the welfare of its people. Its agricultural sector has ceased to be an important contributor to foreign exchange earnings, even its contribution to employment has declined. This situation had not always been so and in fact, Nigeria used to ...

Abundant Resources: Nigeria has enormous resources, most of which are yet to be fully exploited. They include mineral, agricultural and human resources. Large Market: Nigeria offers the market in sub-Saharan Africa, with a population of about 140million as officially declared by the government.   The Nigerian market potential also stretches into the growing West African sub-region. Political Stability: Nigeria offers stable ...