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 milling, feed mills and vegetable oil processing;
(ii) Industries which support food production programmes through local manufacture of chemicals, equipment and light commercial vehicles in particular, and chemical as well as petrochemical based manufacturing industries in general;
(iii) Industries with multiplier effect such as flat sheet mills and machine tools industry including foundries and engineering industries for spare parts production;
(iv) Basic industries and petrochemical and liquidified natural gas projects in which the government welcomes foreign partners;
(v) Processing of local agricultural produce and minerals into industrial raw materials as manufactured intermediate goods required by existing industries in Nigeria;
(vi) Investment in research institutes particularly in the area of adaptive research and commercialization of local inventions;
(vii) There are nine (9) priority sub-systems that possess the ability to stimulate the laying of a favourable industrial base and provide a catalyst to industrialization in Nigeria. These pilot sub-systems are:-
- Foundry and forges;
- Metal fabrication;
- Pharmaceutical;
- Food processing;
- Leather and leather products;
- Textiles and wearing apparels
- Non-metallic building materials – bricks, ceramics and glass.
The Government of Nigeria welcomes investors’ participation not only in these but also in the following project areas: –
- Gemstone cutting and polishing;
- Gold processing;
- Mineral benefication plants for gypsum talc, kaolin, marble, dolomite, baryte;
- Mini-sugar production plants;
- Cement production;
- Lead and zinc;
- Refractory bricks;
- Processing of salt from sea water;
- Sodium tripolphosphate production;
- Small/ medium scale plant for sheet metal production;
- Long fibre pulp/kraft paper production;
- Bottled mineral water;
- Mining of industrial minerals;
- Telecommunication