Sunday, December 12, 2010

*POSITIONING DELTA STATE, NIGERIA FOR ECONOMIC GROWTH

BRAND DELTA: With relative peace, abundant resources and promises of infrastructure development, Delta state is an investor’s haven. However, to reach the desired economic El Dorado and to place the state in a good position to realize Vision 2020 as envisioned by the Federal Government, it has to do more, after all, it is only one of the many states in the country that seek improved business activities and investment.

Like Delta State, other states are constantly on road shows, doing all they can to direct the lean foreign investment coming to Nigeria to their states. Moreover, as a consequence of militancy and youth restiveness, Delta State like most states in the Niger Delta has to do more to encourage investors. It has also become increasingly Herculean to lure local businesses to certain locations in the country, including Delta State. To this end, a lot of hard selling is required to move the state from where it is to where it should be.

Place branding creates value for a city, region or country by aligning the messages that the place already sends out, in accordance with a powerful and distinctive strategic vision; by unlocking the talent of the people who live there and stimulating investment to reinforce and fulfil this vision; and by creating new, powerful and cost-effective ways to give the place a more effective and memorable voice and enhance its reputation.

Rwanda government was able to achieve this feat for its country through relationship building with wealthy and powerful individuals from across the World. Rwanda has no oil and few minerals, but it does have one abundant asset: well placed friends. This unpaid business savvy team markets the brand called Rwanda. Just as the Asian Tigers arose as export-led middle income economies in the 20th century, Rwanda wants to become the African Gorilla in the 21st century in spite of the wars that ravaged the country.


Take another instance, Botswana. It currently has one of the most dynamic economies in all of Africa. It struck rich in diamonds in the 1970s and invested it in education, health care, housing and infrastructure. Botswana is politically stable has a well-educated and skilled workforce and corruption is low. But the world did not take notice of this small yet stable and prosperous corner of the continent until the country’s investment promotion agency BEDIA issued an international tender for the development of a Brand Strategy for the country. In the 2010 World Bank’s ranking of attractiveness of business environments, it ranked higher than Nigeria!

Singapore is yet another country that has successfully transformed its economy from third world to first world; and presently ranks as one of the fifth largest economies in the world by gross domestic product. It has the most business friendly regulation in the world and has successively led the world in ease of doing business compiled by the World Bank in the past four years

Of equal note is Shanghai, China; that it has been referred to as the most dynamic city in the world’s fastest changing nation, an exhilarating, ever-morphing metropolis that is not just living China’s dream, but is setting the pace for the rest of the world. It hosted the World’s Expo 2010 with over 70million visitors between the months of May and October.

Consider Dubai, a former fishing village that have been transformed into an important tourist destination and port and presently developing as a hub for service industries such as IT and finance, with the new Dubai International Financial Centre (DIFC). Its economy was built on the oil industry but which now currently account for less than 6% of the emirate's revenues.

Increasingly, countries, states, cities and urban regions compete with other places for attention, investment, visitors, shoppers, talent, events, and the like. Accelerated and intensified globalisation has led to a situation where the main competition is no longer the city down the road or the town across the bay, but where competitors are places half a world away. Further, this global competition is no longer limited to the capital and big cities; it now directly affects all cities and concentrations of urban settlements.

*Contributed by Ndudi Osakwe, Principal Consultant, Infoplus. He can be reached on inquiry@ibgnigeria.com or ibgnigeria@gmail.com

Friday, November 26, 2010

AfDB on how Nigeria can achieve Vision 20-2020. Investors, take note!

Let’s hear it from the African Development Bank…

AFRICAN Development Bank (AfDB) has affirmed that Nigeria’s achievement of Vision 20:2020 may remain a dream if challenges of infrastructure are not addressed early enough.

Donald Kaberuka,President AfDB who spoke in Abuja recently said inter alia “I have carefully looked through the Vision 20:2020 programme, which will help Nigeria to become one of the top economies in the world, but to do so three things appear to be critical.

1. The resolution of the questions on large bottleneck in infrastructure, all forms of infrastructure including energy, mass transit systems, roads, IT among others.

2. That the economic growth in Nigeria reaches the majority of the population and the best way to do it is to increase agricultural productivity and support to the small and medium size enterprises”.

3. That the Federal Government continues to demonstrate fiscal discipline, especially in the management of oil revenue, national budget and ensuring sound banking system as well as reduce dependence of the economy on oil and gas alone.


Source: The Nigerian Guardian Newspapers.

Last Word: These observations as noted by the President, AfDB point to the direction of opportunities in the Nigerian emerging economy. Be wise and act on it.

Write to us if you need our help in navigating the Nigerian business terrain. Email us on inquiry@ibgnigeria.com or call Ndudi Osakwe on +234 1 8782864. Rest assured of our prompt response to your inquiry.

Tuesday, October 5, 2010

The Changing Landscape of the Nigerian Oil and Gas Sector: The Local Content Law.

Taking the Federal Government of Nigeria by its words, it would no longer be business as usual in the oil and gas sector of the Nigerian economy as President Goodluck Jonathan inaugurates the governing council of the Local Content Development Board. This board has been given the responsibility to reposition the petroleum sector for the benefit of the nation, following the enactment of the Nigerian Local Content Law.
Simply put, Local Content means the development of local skills, technology transfer, use of local manpower and local manufacturing in a country.

According to 234next newspapers, the president is not oblivious of the limitations of capacity in manufacturing for the upstream and downstream operation in Nigeria. He therefore wishes the country to follow the path of other nations where the application of local content has stimulated investments that transformed their economies.

In his words, "We must drive the implementation of this law in a manner that develops partnerships between local and international companies and government and the private sectors of the economy, including local banks, global financing institutions, manufacturing, agriculture, educational and research institutions...

In the same vein, relevant ministries, departments and agencies in the country were charged to develop initiatives that would enhance local capacities which will serve as a vehicle for transferring the technological experience inherent in the oil and gas industry to other critical sectors of the economy.

Last Word: Overseas companies that wish to gain strategic advantage over its competitors in the Nigerian lucrative oil and gas business should key into this initiative as quickly as possible. It benefits the company, its Nigerian subsidiary and the society as a whole.

Thursday, September 30, 2010

Nigeria marks 50th independence anniversary.



NIGERIA as an independent country from British colonialism since 1960 turns 50 today on October 1, 2010. To mark the golden jubilee, the federal and state governments have mounted an elaborate programme of festive celebrations.

Our Query: Are We There Yet...?

The Nigerian Guardian (www.ngrguardiannews.com) in its editorial on October 1, 2010, mirrors our thoughts about Nigeria in its adulthood at 50 years. According to the Guardian, for a country that has endured 29 years of military rule, survived a fratricidal civil war, and practised an uninterrupted democracy since 1999, there is indeed a need to celebrate...

However, if anyone looks at Nigeria’s performance since 1960, no one can say that it has been an unqualified success. The high promise held out for Nigeria at independence has not been realised. Countries like Malaysia, India, Brazil, and even Ghana (we add Singapore here) with whom we were in the struggle for economic emancipation have all overtaken us. Today our leadership is infested with a lack of vision and corruption. The country as a whole no longer produces anything and thousands of young Nigerians cannot find employment. The Nigerian economy has become a trader economy where goods from all over the world are being dumped.

There is no infrastructure worthy of the name. Electricity, a basic ingredient of development, is lacking. There is no railway. Cholera has assailed parts of Northern Nigeria because of unclean water. Our roads are almost impassable. A journey from Lagos to Benin – an artery to seven other states – that used to be done in three hours, now takes more than one day. Agriculture, the pristine employer of labour is in decline. The country is fixated on easy money coming from oil production, and oil is a diminishing resource.

Nigeria scores low on almost every index of human development. Education is in crisis with 80 per cent failure rates recorded in public examinations, but the children of Nigeria’s rulers attend fine schools abroad. Health facilities are mostly substandard so that almost without exception our rulers travel abroad at public expense to receive medical attention. Nigeria is notorious for very high maternal and infant mortality rates. Nigerian institutions are weak and are not able to sustain the rigorous standards required in a modern democracy.

Security has become a major problem in Nigeria as law enforcement agents prove incapable of apprehending criminals. They have been unable to solve numerous high profile murders. Kidnapping, a latter-day menace, has overwhelmed the Nigeria police as whole communities and towns cowering in fear are shut down. It is a paradox that the Nigeria police that is praised abroad for discipline and professionalism, fail woefully at home.

Despite these negative developments, Nigeria continues to make substantial progress with its human resources. Nigerians are giving a good account of themselves all over the world. In almost every field of human endeavour there are Nigerians contributing their quota to world development. But the atmosphere in their home country is often disappointing and hostile so that many in the Diaspora remain abroad. But a responsible government ought to create conditions that enable our best and brightest to come back home to help in national development.

Nigeria is a valuable member of the United Nations, taking part in many peace keeping efforts of the world body. Both the Nigerian military and the Nigeria police have been noted for their abilities in bringing peace to war-stricken parts of the world. The Nigeria police have participated in about 20 international peacekeeping engagements since 1960.

Nigeria has been an active player on the African scene and played significant roles in the independence of Angola and Namibia, the dismantling of apartheid in South Africa and the restoration of peace in Sierra Leone, Cote d'Ivoire and Liberia. Nigeria is the spearhead of Economic Community of West African States (ECOWAS) whose activities have helped to stabilise the sub-region.

The problem of Nigeria is political. The presidential system we have adopted without any checks and balances is proving to be a costly misadventure. It nourishes a bloated bureaucracy, an uncountable number of parasites masquerading as assistants to political office holders and a selfish elite. Although Nigeria claims to be a federation, it operates more or less like a unitary government. Many of the 36 states of the federation cannot survive except with subventions from the federal government.

There is a certain lack of cohesion between the federal government and the states. Now and again plans are announced, visions espoused, but in the end nothing is accomplished. Vision 2010 has come and gone so will Vision 2020, if care is not taken. We have fallen behind in the Millennium Development Goals (MDG). Every administration overturns the things put in place by previous administrations, so that nothing is sustained. At the heart of these inadequacies is poor leadership and corruption.

Nigeria is in open season where a group of so-called leaders lord it over a silent majority with impunity. For instance our legislators are the highest paid in the world and yet nobody, it seems, can call them to order. Many of our leaders and their wives behave badly, often taking their bad manners abroad. It is almost as if any Nigerian who gets to the top must abuse his office to show his importance. Nobody is effectively fighting corruption. The Economic and Financial Crimes Commission (EFCC) although loud on posturing, has shown weak service delivery.

Nigerians must worry about the recruitment process that throws up so much mediocrity in the public space. Nigerians in their individual capacities tend to be more intelligent than their governments whose profligacy in the midst of damning poverty is obscene. In Nigeria, there is no linkage between the rulers and the ruled. Fortunately, democracy offers an opportunity for the people to change what they do not like. The question and the challenge is whether Nigerians can rise to the occasion and elect leaders of their choice in 2011.

Our Verdict:
We are NOT there yet!

Our Request: Take advantage of the opportunities inherent in the comatose economic system in Nigeria.
Our Advise: Come onboard the train taking us there. Now!
Our Contact: inquiry@ibgnigeria.com

Tuesday, September 7, 2010

International Literacy Day and My Community

It is yet another September 8, a date set aside by the United Nations as the International Literacy Day to raise international awareness of and concern for literacy problems within communities. First celebrated in 1996, the day reminds the international community of the status of literacy and adult learning globally.

Brought home to my community in Ndokwa West Local Government Area, an oil bearing community in Delta State, International Literacy Day means more than being able to read, write and count. Of course there are lots of people that can do all that. What it should mean in my community is empowerment.

Nature’s endowment in oil reserves has attracted oil and gas companies to the area including the location of a thermal gas power station in the nearby town of Okpai. Also, sundry businesses ranging from banking to hospitality have situated in its major towns and especially, the council headquarters, Kwale. Furthermore, while Politicians jostle for positions and leaders of thought prepare to engage the community in the scheme of things in the overall national polity, are the local people equipped enough to tap into the opportunities that would be available in their immediate community, the state and nation at large?

In my candid opinion, literacy centres, libraries and media resource centres should be set up in major towns in the community to provide tools and resources for knowledge empowerment. Literacy benefits both individuals and communities. Literacy is the fountain of knowledge and knowledge is power. Idle youths in the community are easy preys by Politicians. Also they engage in illicit businesses with a growing tendency to engage in robbery, rape, avoidable communal clashes and social malaise etc.

Such centres provide platforms for community regeneration and renewal for growth and prosperity. It returns the youths to normal paths to development and exposes them to literature and information materials that would renew their minds.

Reading makes a Man, it has been said. Learning to read boosts self-esteem and provides important new skills. In many parts of the world, new literates now qualify for desirable jobs which had previously gone to outsiders.

Ample opportunities exist in the local community including agriculture where learning new skills would expose the population to better agricultural techniques; opportunities exist in oil and gas companies in the area begging to be filled but for lack of qualified manpower. Opportunities also exist for ancillary businesses that serve as feeders to the burgeoning oil sector that can be tapped into if there were enough information on what to do and how.

The community has in recent times witnessed the growth in the number of financial institutions locating in the area. Again, securing jobs in the banks would entail getting good education and choosing the right career. Complaints on marginalization in the state and federal civil service is half solved when there are personnel ready to go on day one.

Centres of this nature provide reading materials and information guide on vocations and professions that would benefit the youths and adults in the community such as agriculture, health, safety and environment matters, security issues, maritime, transport, hospitality and leisure studies amongst others. The Centres provide resource materials for students in the educational institutions located in the community and beyond.

It is also commonplace for seminars and workshops to be held in such centres to boost the morale of the local people and to give them a sense of direction as they look up to some of the resource people to provide mentoring services. The centres offer outreach platforms to disseminate information to the youths on drugs use/abuse, militancy, careers, lifestyles and personal development. It serves as an oasis for people in and outside of the community that seek information or to conduct research on local issues.

Literacy is the key tool in reducing poverty. Its effects extend beyond personal benefits and are priceless. It has the ingredients that will give people newfound confidence and improved self-esteem that will spill into all aspects of their lives and the communities to which they belong. Our hope is that our governments, companies operating in the community and well meaning Nigerians would support communities, for example, Ndokwa West Local Government Area with knowledge based resource centres. By so doing, there would not be doubts on whether the UN Millennium Development Goals are achievable in 2015.

The writer, Ndudi Osakwe has proposed a library and media resource centre to be situated in Kwale, Ndokwa West Local Government Area, Delta State and named after Mr. Ossai Osakwe, a pioneer educator of blessed memory. He made sure his people were literate at a time when being literate was not a popular choice in his community.

Send your comments to nosakwe@ibgnigeria.com



Friday, September 3, 2010

INVITATION TO AN AGRICULTURAL STUDY TOUR OF ISRAEL


We are proposing a ten (10) day agricultural trip to Israel for Nigerian government officials and private sector agricultural operatives. The objective of the tour is to stimulate the interest of the participants to agriculture through lectures, interaction with experts and visits to locations of interest in Israel.

The study tour scheduled to hold 2-11 November, 2010 is predicated on Government’s efforts at ensuring food security for the people of Nigeria while in the same token diversifying the revenue base of the country away from oil. Moreover, we are of the opinion that a trip of this nature would have direct and positive impact on the citizenry.

Israel has been chosen for the tour on the strength of its innovative agricultural practices that have earned the country a pride of place in the comity of nations, agriculturally speaking.

Agriculture in Israel is the success story of a long, hard struggle against adverse conditions and of making maximum use of arable land and scarce water. Its success lies in the determination and ingenuity of farmers and scientists who have dedicated themselves to developing a flourishing agriculture.

The close cooperation between R&D and industry led to the development of a market-oriented agri-business that exports agro-technology solutions worldwide. A good lesson to countries, including Nigeria, in dire need of solutions in their war against hunger, diseases, morbidity and mortality!

The proposed study tour would expose the participants to the following:

• Crop cultivation (commercial value and high yielding varieties).
• Aquaculture and dairy farming.
• Post harvest technology.
• Markets and merchandising.
• Meeting with officials from relevant Ministries, Research Institutions etc.
• Joint venture projects on integrated agriculture

The ten days study tour covers lectures, visits to farms, agricultural technology centres, processing plants, chambers of commerce, the export institute and the ministry of agriculture. Optional visit to holy sites would be arranged.

Resource persons are drawn from the academia, state ministry of agriculture, multilateral agencies and entrepreneurs. Certificates of participation would be issued.

Monday, August 30, 2010

CROSS BORDER BUSINESS: Case of Nigeria and Benin

Celebration of the Jubilee year of political independence is in the air for many African countries. Benin has celebrated hers and Nigeria’s is in the horizon as it celebrates her independence from Britain this October.

Let us remind ourselves that these countries were created by the colonial powers without due consideration of the implications of the demarcation exercise. In the case of Benin and Nigeria, as in many others too, culturally related people were separated by artificial boundaries.

The motives behind the Balkanization was captured in R. Muir’s publication on Political Geography, 1983, that ‘in establishing political territories, each colonial power attempted to maximize its sphere of control that would serve as barriers to the continuous expansion of rival colonial territories and secondly, to control river basins which provided highways for trade, to established coastal footholds and for further inland penetration…’

The Jubilee Year of political independence provides a basis for stock taking on how well the peoples of Benin and Nigeria have fared and the way forward for the two countries with somewhat common heritage but for the partition. This involves the envisioning of programs that would enhance connectivity, improving competitiveness and the promotion of a greater sense of community.

One of such strategies is the economic corridor approach which entails concerted efforts in the areas of transport, trade facilitation and investment. Lagos State Government has started well with its proposed ten lane road and rail connection to the Seme Border and the proposed re-development plan of Badagry. These are flagship projects with overall objectives of promoting economic growth and encouraging cross border trade and investment.

The benefits of cross border business are immense and include the following: networking, exchange of best practice and know how, joint research and innovation, development of synergies, efficient use of resources and the spin off effects of overcoming borders. Taking a cue from other regions of the world, cross border business has several economic value added. Few examples suffice here.

· new cross-border business relationships between producers and suppliers (i.e. network of the Chamber of Commerce in Northern Greece/Bulgaria and in the Czech Republic/Germany (Saxony); at German/Danish border; French/German border along the Upper Rhine; Hungarian/Austrian border).

· new co-operation and sales opportunities for small and medium-sized enterprises; these companies typically operate within a radius of some 200 km from their location, which usually covers the geographic area of the neighbouring border region (i.e. Northern Greece with an entrepreneurship centre for Balkan and the Black Sea states; Finish/Norwegian/Swedish border with the Arctic Investors Network; Spanish/Portuguese border with the forum of entrepreneurs).

· bilingual cross-border professional training (i.e. German/Polish, Dutch/German and French/German border areas).

· establishment and improvement of cross-border public transport links (buses, railways) for the benefit of citizens, commuters and tourists (i.e. Austrian/German border close to Salzburg and in the triangle Germany (Bavaria/Saxony) /Czech Republic with a cross-border public transport system including throughout tariffs; Swedish/Danish border with a common public transport across the Ă–resund Bridge

· cross-border tourism concepts and projects (i.e. Lake of Constance; Germany (Bavaria) /Austria, Poland/Lithuania with a joint Touristic Service Centre; Galicia/Norte with a touristic map for Spanish/Portuguese area; Tatra (Poland/Slovakia) in the Carpathian Mountains); joint touristic marketing and promotion activities in Ireland/Northern Ireland and the Pyrenees (France/Spain); joint touristic strategies for Kent (GB) and North-Pasde-Callais.

· greater catchment area for business activities and services on both sides of the border; in many cases, businesses and services, such as research facilities and universities, waste disposal, recycling and infrastructure facilities, would not yield a profit (critical mass) or not even be available at all in border regions if there was no cross-border cooperation (i.e. joint Research Institute for New Rehabilitation Techniques or Centre for Microscope and Spectroscope Analyses in EUREGIO on the German/Dutch border; cooperation network of universities in Ă–resund, in the Danish/German border area.

There is no doubt that the Federal Government of Nigeria have not lost sight of the inherent opportunities and gains of cross border business given its concerted efforts at helping to streamline business cooperation in the sub-region. Further, there have been accelerated efforts at sanitizing the activities of the law enforcement agencies at the borders including Seme and Idiroko.

On the other hand, private sector participation remains limited because of lack of information on available opportunities, inadequate investment in cross-border trade logistics facilities and services, poor access to financing, particularly for cross-border investments; and the absence of a forum for dialogue between the public and private sector stakeholders.

Saturday, August 21, 2010

SPENDING ON INFRASTRUCTURE TO RISE IN NIGERIA

One of the issues I think that keep awake all night the leadership of the Federal Government of Nigeria and those looking to replace it is that of improving the lots of Nigerians. Theoretically Yes!

It is only five years to 2015, the much talked about year in which Nigeria, as many other countries in the world are expected to achieve the UN Millennium Development Goals. Also, the home grown Vision 2020 whereby Nigeria hopes to join the community of the twenty biggest economies in the world is just ten years away. The governments at all levels should be unsettling!

According to the Delta State Governor, Dr. Emmanuel Uduaghan while inaugurating the state steering committee on Vision 2020, he said inter-alia ‘in a fast-paced, globalised, post-industrial world, the challenge to catch-up is very daunting. We are confronted by gigantic undertaking of how to surmount our basic infrastructure gap, of poverty crisis, the human capital deficit and value reorientation. But the job must be done. For the faint hearted, it may seem an improbable dream to hope for a better future with such huge odds...we are anxious to leap from our third world status to a First World State’. The task is Herculean and demands focus, discipline and leadership from those in government.

Interestingly, countries, states, cities and urban regions are increasingly competing with other places for attention, investment, visitors, shoppers, talent, events and the like. Like Delta State, other states are constantly on road shows, doing all they can to direct the lean foreign investment coming to Nigeria to their states.

One of the four pre-requisites conditions for foreign investment identified by consultants at Baird’s CMC and the US Chamber of Commerce in a study on African Business Initiative is investment and maintenance of infrastructure-transportation, communications, electricity and security so that there will be a reliable society in which to operate. Infrastructure is the key!

Africa's most populous nation is in dire need of upgrading its infrastructure and providing new roads and housing to support a rapidly growing population of 150 million people. Its commercial hub and biggest city, Lagos, is in the process of completing its first toll road, a 50 billion naira expressway which is the country's first public private infrastructure project, while a spate of new hotels and apartment blocks have also sprung up in recent months reported the Next Newspapers.

Companies that provide infrastructure services are positioning to seize the moment. The Nigeria’s cement industry is gearing up for a sharp increase in output in the coming years as government and private sector infrastructure spending rises. According to the Cement Manufacturers' Association of Nigeria (CMAN), production was set to rise to 20 million metric tonnes by 2012, almost double the level expected this year and a figure which could turn the country from a net importer to an exporter.


Ndudi Osakwe

Tuesday, August 17, 2010

China tops Japan as second biggest economy

The shouting headline in many world news media including Nigeria's 234next, August 17, 2010 is this:
China has reached another landmark by edging ahead of Japan as the world's second-biggest economy after overtaking Germany as the largest exporter.
The change came in the second quarter with the Japanese Cabinet Office conceding China's economy is now bigger, with gross domestic product in the period of $1.337 trillion (£851bn) compared with Japan's $1.288 trillion.

Many people saw this coming. As a matter of fact, Economists agree China will become the world's biggest economy, the only difference is over timing. PricewaterhouseCoopers expects it to take the top spot from the US in 2020, while Jim O'Neill, Goldman Sachs chief economist, has plumped for 2027 quoted the British Newspapers, The Telegraph.

We have noted and reported in this blog on the bullish attitude of the Chinese in taking new business territories (and protecting it). Despite criticisms of Chinese foray into the African market, the trade relations between China and Nigeria is becoming significant noted Nigeria's Business Day Newspapers. The bilateral trade between Nigeria and China has grown steadily as the volume of trade between the two countries in 2009 hit $6.373billion, in favour of China.

Giving a break- down of the trade relationship between the two countries, the Consulate-general of the People’s Republic of China in Lagos, Guo Kun, said China’s export to Nigeria stood at $5.476 billion, while import from Nigeria was $0.897 billion. According to him, the figures represent an increase of 76.3% compared to 2008. “Yet I couldn’t stress more that China does not pursue trade surplus with Nigeria; China wishes to work with Nigeria to balance the trade.

Mr. Guo Kun, China Consul General and Ndudi Osakwe, Consultant Infoplus/IBG Nigeria at the 50th Independence Anniversary Cocktail Party organised by the Embassy of Benin Republic in Lagos

The most important reason for China’s trade surplus with Nigeria is due to the different economic structures of the two countries. Manufacturing is an important part of China’s economy, while in Nigeria, oil industry is the prime sector with very limited crude oil currently exported to China. This naturally creates the imbalance of the trade.’’ But Kun noted that the Chinese and Nigerian governments are committed to solving the problem by cooperation.

Mechanical and electronic products, textile, and light-industrial products constitute the major commodities China exports to Nigeria. The major commodities China imports from Nigeria include agricultural products, minerals, and textile raw materials, and wishes to have further cooperation in the field of energy and infrastructure.

The Consulate-general stated further: “Our government always encourages Chinese companies to invest in Nigeria and provide subsidy, and grant preferential tax provision to companies which invest in Nigeria. Until now, China had invested 7.24 billion dollars and created more than 30,000 jobs for Nigerians. The Lekki Free Trade Zone is a very good example.” If this project becomes successful, Nigeria’s capability in manufacturing will be largely enhanced, and this will definitely contribute to Nigeria’s exports.

Now...do the Americans and Europeans care? The business potentials in Nigeria and Africa are too much to wave aside. Email us on inquiry@ibgnigeria.com for help.

SOURCE: Much of the information here was culled from Nigeria's Business Day Newspapers (www.businessdayonline.com).

Sunday, August 15, 2010

Medical Tourism: IMS Global, Israel NOW has a Nigerian Representative Office



Do you know that Israeli physicians are responsible for much of the world's advances in medicine and medical technology, with many procedures, medical devices and software now used globally? Israel offers many advantages including excellent care at affordable cost.

IMS Global mission is to assist patients in accessing this high quality, affordable medical care in Israel. IMS represent's Israel's 18 leading internationally recognised medical centres.

No matter the type of treatment, IMS has the solution!

Your case is reviewed and evaluated by Israel's leading department heads and/or professors at no cost to you. IMS negotiated rates and contractual agreement with each medical centre stipulates that IMS clients receive the lowest possible price for their surgical procedure.

From first contact until return home, IMS takes care of you, your medical and personal needs as well as your loved ones accompanying you to Israel. Its services include helping with visas requests, arranging all ground transportation during your stay in Israel to all destinations, locating and negotiating hotel accommodation to meet your budget, engage professional guides to show you around the country and holy sites,offer translation services if required and provide you with personal assistance.

The Nigerian Representative Office (Eldrasynthesis Nigeria Limited) assists you in fast tracking the processes and serves as the liaison between you and IMS Global office located in Israel.

Call us on 01 8782864, 081 3453 6545, 080 2353 0007
Email us on lagos@med-international.com for assistance.
Visit www.med-international.com for more information.

Sunday, August 8, 2010

As Benin Republic celebrates its 50th independence anniversary

We wish to congratulate the government and people of Benin Republic as they mark their 50th independence anniversary.

To give the citizens reasons to celebrate, the government has to do more of the following:

a. create an improved enabling environment to attract more foreign investment,

b. place more emphasis on tourism,

c. quickly facilitate the development of new food processing systems and agricultural products,

d. rapidly encourage new information and communication technology, and

e. deepen regional trade and cooperation.

Congratulations! You have our support.

Ndudi Osakwe
Infoplus/IBG Nigeria

Wednesday, July 28, 2010

SINGAPORE FOOD AND BEVERAGE MISSION TO NIGERIA, JULY 26, 2010.

WELCOME ADDRESS

The Honorary Consul General of the Republic of Singapore
The Honorable Commissioner of Commerce and Industry
Iyalode Alaba Lawson, MFR, Chairperson, Business Women Group, NACCIMA
Chief (Mrs) P. Kuye, President, Institute of Direct Marketing of Nigeria
Official from National Agency for Foods and Drugs Admin and Control
Official from the Lagos Chamber of Commerce and Industry
Delegates from Singapore
Ladies and Gentlemen

We are very pleased to all of you for honoring our invitation with your distinguished presence to the International Enterprise Singapore Food and Beverage trade mission to Nigeria. This is a mission that would pave the way to a better Nigeria-Singapore business relationship.

As Nigerians, we are conversant with the giant strides made by the government and people of Singapore in the transformation of their country from being a third to a first world. We are aware that they have the most business friendly regulation in the world and have successfully led the world in the ease of doing business as compiled by the World Bank in the past four years. We are also conscious of their global business competitiveness rating, the first class facilities and access to good governance (e-government) that has made Singapore the envy of the whole world.

Presently, Singapore ranks as one of the fifth largest economies in the world by gross domestic product. We are therefore privileged to have them here. By the International Enterprise Singapore beaming the searchlight on Nigeria is a sign of a better relationship ahead for both countries, both commonwealth nations with a bond in the English Language.

I wish to inform the delegation that by this Mission, they are not only delivering their products to the 150 million people resident in Nigeria but to the entire West African sub-region and its strong 350 million people as Nigeria serves as the gateway. Entering the Nigerian market has its challenges but there are ample opportunities for business. Today it is commerce, tomorrow it would be industry! According to the Honorary Consul General of the Republic of Singapore, Chief Haresh Aswani, MFR, ‘the truth is that Nigeria is the next frontier’. Economic progress has been made especially in open attitudes towards global outreach by both business and government.

Business intelligence shows that Nigeria remains a country to be beaten in sub Saharan Africa as an investment destination. According to the World Bank, Nigeria’s macroeconomic performances over the past years have been commendable and include the following: growth in the non-oil sector, reduced inflation rate, increase in international reserves, bank reforms, improvement in credit rating, adoption of common external tariff, liberalization and privatization. Culturally, Nigerians are outward looking in terms of business and are known for creating opportunities.

To this end, we implore the International Enterprise Singapore and SPRING that opportunities exist in Nigeria for investments in manufacturing, infrastructure, information and communication technology, hospitality, financial services and foods etc. Singapore food and beverage companies should consider setting up packaging, canning plants and develop franchises for the return on investment is high. In the words of His Excellency, Mr. Shabbir Hassanbhai, Singapore’s High Commissioner to Nigeria, ‘a return on equity as much as 20% is realizable in Nigeria and it is one of the highest in the world’. The federal and state governments are working on providing enabling environments for businesses to thrive in the country. Take advantage!

Finally, special thanks to Orissa International for providing us the window of opportunity to work with the people and government of Singapore as the local host. We look forward to more opportunities.

Thank you all for your patience.



Ndudi Osakwe
Principal Consultant
Infoplus

Sunday, July 18, 2010

Pabod's Way To Nigerian Fun Seekers!

There is sense in investing in the Nigerian marketplace.
Have we over-flogged this truism? I do not think so!
The Nigerian investment environment gained further recently as a South African brewing firm, Pabod Breweries Limited, formally unveiled Castle Milk Stout in Lagos.

Pabod Breweries is a subsidiary of SABMiller, which has grown from its original South African base into a global company with operations in both developed markets and in emerging economies such as Eastern Europe, China and India. SABMiller, which was known as South African Breweries prior to its 2002 acquisition of Milwaukee-based Miller, now gets 35 per cent of its overall profits from Africa, compared with just four per cent for rival Diageo.

A statement on Friday said the brand of stout, blended with some quantity of milk, was formally reintroduced into the country because of its wide acceptability.The statement quoted the Managing Director of Pabod, Mr. Johan De Kok, as saying during the unveiling that his company was committed to offering quality choice to consumers.

According to him, ”We are still committed to our goals at PBL of producing high quality products for the nation. The long awaited entry of Castle Milk Stout into Lagos is sure to generate waves of excitement in the overall Nigerian market.”

He said Castle Milk Stout was carefully made by utilising slow-roasted barley, the choicest of hops combined with a touch of lactose milk for a smoother, fuller flavoured premium stout, which could only be described as a welcome delight to the taste buds. Source: http://www.punchng.com (July 18, 2010).

PS: Email us on inquiry@ibgnigeria.com for more on companies entering the Nigerian marketplace and on nations that have beamed their business searchlight on the country.

Friday, May 21, 2010

In Nigeria, hospitality business booms, even for women of easy virtue

The driver has just brought in two chest drawers I bought for half the price from an expatriate returning to his country with his family. From a reliable source, not less than four expatriate families are leaving the services of the company. Many other companies are doing the same as every other week; there are text messages to people close to the expatriate community on household stuff for sale by departing families.

It is not unbecoming of these companies that few years ago provided such families with paradise on earth facilities in Nigeria for their expatriate staff. Their kids attend international schools where school tuition fees are not less than $20,000 a year, luxurious lifestyle, exotic vacations, hordes of maids and drivers at the beck and call of the wife of the male expatriate popularly referred to in Nigeria as the ‘Madam’.

Those were the good old days. Since the global meltdown, there has been belt tightening by companies especially those that hire expatriates to run their affairs in Nigeria. One of the silent decisions taken is to send back all married expats to their respective countries except if they are willing to stay single in Nigeria to keep their jobs

A latent fall-out of this initiative, gradually turning to a norm, is the rise in the number of women of easy virtue in cities with a high number of expatriate staff. With ‘madam’ and children out of the way and not too many exciting recreational facilities around, bored expatriates help themselves with women, most of them of easy virtue for a fee.

A new dimension to the growth in the business is the relocation of ladies from countries as near as neighboring West African countries and as far as Europe and Asia to enjoy the boom. It is rumored that some of these ladies take up accommodation in very expensive five star hotels reputed to house lots of expatriates and business travelers. Fun and revelry is the name of the game. Weekends are looked forward to.

To the expats, Nigeria is fun…forget all the crap about insecurity and lack of infrastructure… and to the sex workers, they have never had it so good. Nigeria is indeed a country to be. A Canaan flowing with milk and honey… but with its Sodom and Gomorrah!


POST SCRIPT: Nigeria remains one of the most-sought-after destinations for business in sub Saharan Africa. For guidance, email us on inquiry@ibgnigeria.com

Monday, February 22, 2010

Sparkling Future in Nigeria: Small World 2010.

It was merriment galore as the International Women's Organisation for Charity, organisers of the annual Small World put up their 15th fun-packed edition in Lagos with a theme, 'Sparkling Future'

Thirty Two Million Naira was realised from sale of tickets, corporate sponsorships and donations especially from the Expatriate and Foreign Residents communities in Nigeria to support charities sponsored by the various communities.

It was a night of national pride in flags parade and medley of cultures: choreography, costume, dance, drinks, food and fun as many look forward to the next edition, come February 2011. Would you be there?













Thursday, February 11, 2010

NIGERIAN EXHIBITIONS & FAIRS, 2010.

Are you considering entering the emerging market of Nigeria?

Do you seek agents and distributors for your products and services?

Do you seek joint ventures partnership with a Nigerian business?

Get your feet wet by attending one or more of the exhibitions and fairs holding in various locations in Nigeria in 2010.

Our company, Infoplus/IBG Nigeria is with you all the way as you plan your market entry strategies; and would deploy our knowledge of the conditions of the Nigerian market in assisting you.

Email ibgnigeria@gmail.com or call our office on +234 1 8782864 for more information.

Below is a partial list of Exhibitions and Fairs approved by NACCIMA to hold in 2010.

INTERNATIONAL TRADE FAIRS 2010

Name: 31st Kaduna International Trade Fair
Date: Friday, 19th – Sunday, 28th February 2010
Venue: Kaduna International Trade & Investment Centre, Kaduna 1
Organiser: Kaduna Chamber of Commerce & Industry
KM 4 Kaduna-Zaria Road, Rigachikun
Kaduna State
Tel: 234-062-318794, 318795,080-33001361
070-23228908, 070-232285854
Fax: 234-062-318795
E-mail: info@kadccima.com,
kadunachamberofcommerce@yahoo.com
Website: www.kadccima.org
Nature: General

Name: 21st Enugu International Trade Fair 2
Date: 19th – 29th March 2010
Venue: International Trade Fair Complex, Enugu
Organiser: Enugu Chamber of Commerce & Industry
International Trade Fair Complex
P.O. Box 734, Enugu, Enugu State
Tel: 234-042-250575, 259511, 252186, 080-33489198
Fax: 234-042-252186
E-mail: eccima@infoweb.abs.net, eccima@yahoo.com
Website: www.enuguchamber.com
Nature: General

Name: 5th Abuja International Trade Fair 3
Date: 8th – 20th April 2010
Venue: Old Parade Ground, Area 10, Garki, Abuja
Organiser: Abuja Chamber of Commerce & Industry
Abuja International Trade Fair Complex, Airport Road
P.M.B 86, Garki, Abuja
Tel: 234-09-6707248, 080-36573696
Fax: 234-09-2348808
E-mail: abucci04@yahoo.com
Website: www.abujachamberofcommerce.org
Nature: General

Name: Lagos International Trade Fair 2010 4
Date: 5th – 14th November 2010
Venue: Lagos International Trade Fair Complex
Badagry Expressway, Lagos
Organiser: Lagos Chamber of Commerce & Industry
1, Idowu Taylor Street, Victoria Island
P.O.Box 109, Lagos, Lagos State
Tel: 234-01-2701009, 2705386, 7746617, 7732305, 080-33335173
Fax: 234-01-5558554, 2705145
E-mail: inform@micro.com.ng, lcci@hyperia.com
lcci@lagoschamber.com
Nature: General

Name: 31st Kano International Trade Fair 5
Date: November/December 2010
Venue: Trade Fair Complex, Zoo Road, Kano
Organizer: Kano Chamber of Commerce & Industry
Trade Fair Complex, Zoo Road
P O Box 10, Kano
Tel. 064-976951, 977093, 977094, 963577, 080-36120058
Fax. 064-967273
E-mail: kaccima@hotmail.com
Nature: General

Name: 3rd Odu’a International Agric Fair 6
Date: 9th – 18th October 2010
Venue: Trans Amusement Park, Ibadan, Oyo State
Organiser: Odu’a Chamber of Commerce & Industry
Commerce House, Ring Road, Challenge
Tel. 02-2311647, 2317223,
Mobile: 0805-5675654
E-mail: oduaccima@yahoo.com
Nature: General

FEBRUARY/MARCH
Name: 16th North East Joint Domestic Trade Fair 7
(Bornu/Adamawa/ Yobe/ Taraba/ Gombe/ Bauchi )
Date: March 2010
Venue: Ramat Square, Maiduguri, Bornu State
Organizer: Borno Chamber of Commerce & Industry (BOCCIMA)
Sir Kashim Ibrahim Road
Opp Lake Chad Hotel, P.M.B. 987, Maiduguri
Borno State
Tel: 080-36055555, 080-23549788, 080-36889673
Nature: General

Name: Zamfara Trade Fair 2010 8
Date: 5th - 15th March 2010
Venue: Trade Fair Complex, Gusuoa
Organizer: Zamfara Chamber of Commerce/Exhibition and
Fair Limited
1, Yoruba Road, Challenge, Ilorin
Kwara State
Tel: 080-33265441
Email: brasgroup@yahoo.com
Nature: General

APRIL
Name: Delta Domestic Trade Fair 9
Date: 1st – 10th April 2010
Venue: Permanent Trade Fair Complex, Osubi Near Effurun
Organizer: Delta State Chambers of Commerce & Industry
P.O. Box 302, Warri, Delta State
Tel/ Fax 053-253709, 080-34007805
E-mail: daccima@yahoo.com, davidiweta_madewell@yahoo.com
Nature: General

Name: 1st Yenagoa Trade Fair 10
Date: 6th – 17th April 2010
Venue: Achievers Farm Grounds, Igbogene-Epie, Yenagoa
Bayelsa State
Organizer: Yenagoa Chamber of Commerce & Industry
Hajia Tura Yar’Adua Peace Commission Building
Imgbi Road, Amarata, Yenagoa, Bayelsa State
Tel: 080-72785303, 080-66701274, 080-30960585
Email: warmatejones@yahoo.com,
info@yenagoachamberofcommerce.org
Nature: General

Name: Lagos Mega Trade Fair 11
Date: 9th – 19th April 2010
Venue: LTV Channel 8 Complex, Blue Roof
Lateef Jakande Road, Agidingbi, Ikeja
Organizer: Osworld Associates limited
7, Babs Kazeem Street,
Obanikoro
Ikorodu Road. Lagos
Tel: 08033335173, 01-8919896
Nature: General

Name: Port Harcourt Int’l Consumers/Brands Trade Fair 12
Date: 15th – 25th April 2010
Venue: Isaac Boro Park, Port Harcourt, Rivers State
Organizer: T-MATH Nigeria Limited
2, Adeyanju Street, Berger Yard Bus Stop
Apapa/Oshodi Expressway, Lagos
Tel: 080-37168324, 070-25515114
Email: tmathcompany@yahoo.com
Nature: General

Name: 12th Abuja International Motor Fair 13
Date: 21st – 29th April 2010
Venue: Eagle Square Abuja
Organizer: BKG Exhibitions Ltd
252 Herbert Macaulay Way, Yaba, Lagos
Tel: 234-08055119260
E-mail: info@bkgexhibitions.com
Nature: Specialized

Name: 6th Gateway Trade Fair 14
Date: 23rd April – 6th May 2010
Venue: M.K.O. Abiola Trade Fair Complex
Organizer: Ogun State Council of Chambers of Commerce & Industry (OGUNCCIMA)
OGUNCCIMA Secretariat, trade Fair Complex,
Oke- Mosan, G.P.O. Box 2498
Tel: 08060652950, 08072666390
E-mail: ogunstatechambersofcommerce@yahoo.com
Nature: General

Name: Kwara Trade Fair 15
Date: 25th April – 5th May 2010
Venue: Baseball Park, Adewole Housing Estate
Ilorin, Kwara State
Organizer: Kwara Chamber of Commerce & Industry
Kwara Hotels Premises, Ahmadu Bello Way, Ilorin
Tel: 080-35888047, 080-39097405
E-mail: kwaccima@yahoo.com
Nature: General

Name: Water Africa & West Africa Building & Construction Expo 16
Date: 28th – 30th, April 2010
Venue: International Conference Centre, Abuja,
Organizer: ACE Events Management
C/o 1, Barrister Kolawole Street, Off Amoke,
Shoderu, Haruna, Ikorodu
Tel: 080-30635476, 080-23312888
E-mail: info@ace-events.com
Nature: General

MAY
Name: Computer Technology and Office Equipment ‘CTO 2010’ 17
Date: May 2010
Venue: Muson Centre, Onikan, Lagos
Organizer: American Embassy (Commercial Section)
2, Walter Carrington Crescent
Victoria Island, Lagos
Tel: 234-01-2610241, 4704693, 2610139
Fax: 234-01-2619856
E-mail: anayo.agu@mail.doc.gov
Nature: Specialized


Name: 2nd Lagos Commercial & Industry Trade Fair 18
Date: 14th – 24th May 2010
Venue: Tafawa Balewa Square (TBS), Lagos
Organizer: T-MATH Nigeria Limited
2, Adeyanju Street, Berger Yard Bus Stop
Apapa/Oshodi Expressway, Lagos
Tel: 080-37168324, 070-25515114
Email: tmathcompany@yahoo.com
Nature: General


Name: Sokoto Trade Fair 19
Date: May/June 2010
Venue: Sokoto Trade Fair Complex, Sokoto
Organizer: Sokoto Chamber of Commerce & Industry
Sani Abacha Permanent Trade Fair Complex
P.O.Box 2234, Sokoto.
Sokoto State.
234-08036007878, 08051339849
Nature: General

JUNE
Name: Nigeria International Trade & Investment Expo
Date: 7th – 10th June 2010 20
Venue: Nicon Luxury Hotel, Abuja
Organizer: BKG Exhibitions Ltd
252 Herbert Macaulay Way, Yaba, Lagos
Tel: 234-08055119260
E-mail: info@bkgexhibitions.com
Nature: Specialized

Name: 8th Niger National Trade Fair
Date: 19th – 30th June 2010
Venue: Trade Fair Complex 21
Organizer: Niger Chamber of Commerce and Industry
Trade Fair Complex, Paiko Road
Minna, Niger State
Tel: 234-080-36128460, 080-73500685
E-mail: nigerccima@yahoo.com
Nature: General

JULY
Name: Food, Beverage and Drug Fair
Date: 26th – 30th July 2010
Venue: Trade Fair Complex, Lagos/Badagry Expressway 22
Organizer: Foods, Beverage & Drug Fair (ifbed)
61, Suberu Oje Road, Casso Bus Stop,
Lagos/Abeokuta Expressway, Alagbado, Lagos
Tel: 234-080-56111511, 080-38154089
E-mail: ifbedfairmnig@hotmail.com, hectichelperservices@yahoo.com
Nature: General

AUGUST
Name: ITC (Internet, Telecom & Computer) Exhibition 23
Date: August 2010
Venue: Old Parade Ground, Area 10, Garki, Abuja
Organizer: Medalion Marketing Limited
9, Aderoju Adewuyi Street, Off Salvation Street, Opebi,
Ikeja, Lagos
Tel: 234-1-8971903, 080-27462911, 080-33300852
E-mail: medalion@nigerianfairs.com, info@medalionng.com
Nature: Specialized

Name: 2nd Nigeria International Power Expo & Conference
Date: 23rd – 26th August 2010
Venue: Nicon Luxury Hotel, Abuja 24
Organizer: BKG Exhibitions Ltd
252 Herbert Macaulay Way, Yaba, Lagos
Tel: 234-08055119260
E-mail: info@bkgexhibitions.com
Nature: Specialized

Name: 3rd EIT “The Innovative Technology Fair” 25
Date: 27th August – 5th September 2010
Venue: Tafawa Balewa Square (TBS)
Organizer: SM & LB Consulting Ltd
70a Bank Olemo Street
Off Akerele Road, Surulere
Tel: 01-7203121, 070-29421883
E-mail: info@smlbconsults.com, akinola.otunla@smlbconsults.com
Nature Specialized

SEPTEMBER
Name: Nigeria Consumer Goods Fair, Enugu
Date: September 2010
Venue: International Trade Fair Complex, Enugu 26
Organiser: Medalion Marketing Limited
9, Aderoju Adewuyi Street, Off Salvation Street, Opebi,
Ikeja, Lagos
Tel: 234-1-8971903, 080-27462911, 080-33300852
E-mail: medalion@nigerianfairs.com, info@medalionng.com
Nature: General

Name: Abia Trade Fair
Date: 24th September – 4th October 2010
Venue: Ibeku High School, Umuahia, Abia State 27
Organiser: Umuahia Chamber of Commerce & Industry
44, Azikiwe Road.
P.M.B. 7295, Umuahia, Abia State
Tel: 080-55252896, 088-35535271
E-mail: uccimanig@yahoo.com
Nature: Specialized

OCTOBER
Name: 1st Nigerian Businesswomen Trade Fair
Date: 2nd - 11th October 2010 28
Venue: National Arts Theatre, Iganmu, Lagos
Organiser: NACCIMA Business Women Group
E-mail: naworg@yahoo.com
Tel: 080-20941203, 080-33193604
Nature: General

Name: Nigeria Consumer Goods Fair 29
Date: 14th – 24th October 2010
Venue: Old Parade Ground, Area 10, Garki, Abuja
Organizer: Medalion Marketing Limited
9, Aderoju Adewuyi Street, Off Salvation Street,
Opebi, Ikeja, Lagos
Tel: 234-1-8971903, 080-27462911, 080-33300852
E-mail: medalion@nigerianfairs.com,
info@medalionng.com
Nature: General

Name: West African Health 2010 30
Date: 13th – 15th October 2010
Venue: Expo Hall, Eko Hotel & Suites
Organizer: Global Resources and Projects Nig. Ltd
40, Adegbola Street, Anifowose, Ikeja.
Tel: 01- 7647648, 08023378885
E-mail: globalpri@yahoo.com
Nature: Specialized

Name: 6th Lagos Motor Fair
Date: 16th – 24th October 2010
Venue: Tafawa Balewa Square, Lagos 31
Organizer: BKG Exhibitions Ltd
252 Herbert Macaulay Way, Yaba, Lagos
Tel: 234-08055119260
E-mail: info@bkgexhibitions.com
Nature: Specialized
Name: Trade Promotion Fair for health and lifestyle 32
Goods and Services
Date: 17th – 23rd October 2010.
Venue: National Museum, Onikan
Organizer: Kellow West Africa (Nig.) Ltd.
38, King George V, Onikan, Lagos.
Tel: 234- 080-55322980
E-mail: itpf2008@yahoo.com
Nature: General

Name: Jos Trade Fair 33
Date: 20th – 30th October 2010
Venue: Trade Fair Ground, Jos, Plateau State
Organizer: Plateau Chamber of Commerce and Industry
16, Ibrahim Taiwo Road, GRA, Jos
E-mail: placcimap@yahoo.com
Tel: 08036218534, 08035906341
Nature: General

Name: Packaging & Labelling Industries Exhibition 34
Date: 15th October – 24th October 2010
Venue: Trade Fair Complex, Lagos-Badagry Expressway
Organizer: Eastern Tycoon Enterprises Nigeria
20, Thomas Animashaun Street, Aguda
Surulere, P. O. Box 10548, Marina, Lagos
Tel: 081-23359336, 080-23268831, 080-33485759
Email: easterntycoon2001@yahoo.com
Nature: Specialized

NOVEMBER
Name: 2nd Kogi Trade Fair 2010 35
Date: 18th – 27th November 2010
Venue: Olusegun Obasanjo Square
Lokoja, Kogi State
Organizer: Kogi Chamber of Commerce & Industry/
Exhibition and Fair Limited
1, Yoruba Road, Challenge, Ilorin
Kwara State
Tel: 080-33265441
E-mail: brasgroup@yahoo.com
Nature: General

Name: Nnewi National Auto Trade Fair 36
Date: 26th November – 6th December 2010
Venue: Gabros Football International Stadium
(Beverly Hills Hotel & Resort Limited)
Organizer: Nnewi Chamber of Commerce & Industry
31A, Nnobi Road
P. O. Box 1471, Nnewi, Anambra State
Tel: 234-0834024810, 080-33198265
E-mail: nnewichamber@yahoo.com
Nature: General

Name: Edo Domestic Trade Fair 37
Date: 30th November – 14th December 2010
Venue: Permanent Trade Fair Complex, Aerodrome Close,
Benin City – Edo State
Organizer: Benin Chamber of Commerce & Industry
Trade Fair Permanent Site, Aerodrome Close,
Off Goodwill Road
P.O. Box 2087, Benin City, Edo State
Tel: 234-052:255761, 256979,08037112191
Fax: 234-052-256979
Benccima07@yahoo.com
Nature: General

Name: 11th ACCIMA Made-In-Nigeria Trade Fair 38
Date: 24th November – 5th December 2010
Venue: Eyimba International Hotels Premises,
Ogborhill, Aba, Abia State
Organizer: Aba Chamber of Commerce & Industry
3, Umuimo Road, Off 142, Aba/Owerri Road
Umuimo, Aba P. O. Box 1569, Aba, Abia State
Tel: 234-08-33384369, 080-34330922
E-mail: abachamber@yahoo.com
Nature: General
DECEMBER
Name: Babies, Kids and Teens Fair (BKT 2010)
Date: 1st – 15th December 2010 39
Venue: International Conference Centre, Abuja
Organizers: Tenezoza Investments Limited
14, Bissau Street, Wuse 6, Abuja
Tel: 080-30875089, 080-23371605
Fax: 234-09-5235267
E-mail: tzozalimited@yahoo.co.uk
Nature: General

Name: Benue Trade Fair
Date: 4th – 14th December 2010
Venue: Benue Chamber of Commerce and Industry 40
Organiser: Benue Chamber of Commerce, Industry, Mines and Agriculture
Suite S7, IBB Square, High Level
P.M.B.102344, Makurdi , Benue State
Tel: 080-54439348, 080-36478026
E-mail: beccimabenue@yahoo.com
Nature: General

Name: 5th Kwara Agric Show 2010
Date: 9th – 13th December 2010 41
Venue: Stadium Complex, Ilorin, Kwara State
Organizers: Exhibition and Fair Limited,
1, Yoruba Road, Challenge,
Ilorin, Kwara State
Tel: 080-33265441
E-mail: brasgroup@yahoo.com
Nature: Specialized

Name: 19th Port-Harcourt Trade Fair 42
Date: 10th – 19th December 2010
Venue: Isaac Boro Park, Port Harcourt
Organizer: Port-Harcourt Chamber of Commerce & Industry
ACB Building,
11 Azikiwe Road
P.O. Box 71 Port Harcourt, Rivers State
Tel: 234-084-752269,080-33166990,08037237660
Fax: 234-084-255015
E-mail: phccima@hotmail.com, phaccima@yahoo.com
info@phccima.com, bill.hary@phccima.com
Website: www.phccima.com
Nature: General

Name: 15th Onitsha Trade Fair
Date: December 2010
Venue: All Saints Cathedral Field, Onitsha, Anambra State 43
Organiser: Onitsha Chamber of Commerce, Industry, Mines and Agriculture
Achike House 38, Oguta Road
P.O.Box.2578, Onitsha, Anambra State
Tel: 080-35414479,
E-mail: onitshachamber@yahoo.com
Website: www.onitshachamber.com
Nature: General

Name: The CALCCIMA/International Carnival 44
And Festivals Conference And Exhibition
Date: 17th - 19th December 2010
Venue: TINAPA - Calabar
Organiser: Calabar Chamber of Commerce and Industry/African
Convention/NITEX
76, Ndidem Usang Iso Road
Calabar, Cross Rivers State
Tel: 080-56880888, 080-37363308
E-mail: eka462000@yahoo.com
Nature: Specialized

Name: The Nigeria International Travel and Tourism
Convention and Expo
Date: 21st - 24th December 2010 45
Venue: TINAPA - Calabar
Organizers: Calabar Chamber of Commerce and Industry/NITX-Nigeria
Tourism Expo Limited/Africa Convention
76, Ndidem Usang Iso Road
Calabar, Cross Rivers State
Tel: 080-56880888, 080-37363308
E-mail: eka462000@yahoo.com
Nature: Specialized

Wednesday, February 10, 2010

NIGERIA: Investment Incentives

This is 2010 and I am sure you are thinking of where you can find help on investing in Nigeria. Do not look any further! The Federal Government has a one-stop agency set up to assist investors in the country. It is called the Nigerian Investment Promotion Commission (NIPC).

Also, several investment incentives has been put in place for the stimulation of private sector investment from within and outside the country. While some of these incentives cover all sectors, other are limited to some specific sectors. The nature and application of these incentives have been considerably simplified. The incentives include:

(i) COMPANIES INCOME TAX

The Companies Income Tax Act has been amended in order to encourage potential and existing investors and entrepreneurs. The current rate in all sectors, except for petroleum, is 30 percent.

(ii) PIONEER STATUS

The grant of Pioneer Status to an industry is aimed at enabling the industry concerned to make a reasonable level of profit within its formative years. The profit so made is expected to be ploughed back into the business.

Pioneer status is a tax holiday granted to qualified or (eligible) industries anywhere in the Federation and seven-year tax holiday in respect of industries located in economically disadvantaged local government area of the Federation. At the moment, there is a list of 69 approved industries declared pioneer industries, which can benefit from tax holiday.

To qualify, a joint venture company or a wholly foreign-owned company must have incurred a capital expenditure of not less than five million Naira whilst that of qualified indigenous company should not be less than N150,000.00. In addition, an application in respect of Pioneer Status must be submitted within one year the applicant company starts commercial production otherwise the application will be time-barred.


LIST OF PIONEER INDUSTRIES/PRODUCTS

S/NO INDUSTRIES PRODUCTS
1 Cultivation, Processing and Preservation of food crops and fruits Preserved canned foodstuff and fruits, tea, coffee, refined sugar, tomato puree/juice etc.
2 Integrated dairy production Butter, cheese, fluid milk and powder, ice cream (by products, livestock, minor edible products).
3 a) Deep sea trawling and processing b) Coastal fishing and shrimping Preserved sea foods, fish and shrimps, fishmeal
4 Mining lead, zinc, and iron and steel from iron ore Iron and steel products
5 Manufacture of iron and steel from Iron ore Iron and steel products
6 The smelting and refining of non-ferrous base metal and the manufacture of their alloys Refined non-ferrous base metal and their alloys
7 Mining and processing of barytes, bentonites and associated minerals Barytes, bentonites and associated minerals
8 Manufacture of oil well drilling materials containing a predominant proportion of Nigerian raw materials Barytes, bentonites and associated minerals
9 The manufacture of cement Cement, clinker
10 Manufacture of glass and glassware Sheet glass, pharmaceuticals and laboratory glasswares
11 Manufacture of lime from local limestone Lime
12 Quarrying and processing of marbles Marbles and processed marbles
13 Manufacture of ceramic products Refractory and heat insulating constructional products, laboratory ware
14 Manufacture of basic and intermediate i) Basic and intermediate organic chemical; ii) Basic and intermediate in-organic chemicals;iii) Fertilizers;iv) Petro-chemical;v) Caustic soda and chlorinevi) Pesticide and insecticide
15 Formulation and manufacture of pharmaceuticals Pharmaceuticals, health vitamins
16 Manufacture of yeast, alcohol and related products Yeast, industrial alcohol and related products
17 Manufacture of paper pulp Paper pulp
18 Manufacture of yarn and man-made fibres Yarn and synthetic fibres
19 Manufacture of machinery involving the local manufacture of substantial proportion of components thereof Office and industrial machinery, equipment and apparatus (whether or not electrical)
20 Manufacture of products made wholly or mainly of mental Pipes and tubes structure metal products
21 Manufacture of nets from local raw materials Fishing nets, mosquito nets and related products
22 Manufacture of gas cylinders Gas cylinders
23 The processing of local wheat flour materials Flour and Offal
24 Rubber plantation and processing Rubber
25 Gum/Arabic plantation and processing Gum Arabic
26 Manufacture of fertilizers Ammonia, Urea Superphosphate and nitrogenous fertilizers
27 Vehicle Manufacture Motor Vehicles and Motor-cycles, Tri-cycles and Automotive components
28 Oil palm plantation and processing Palm Oil, palm kennel and Offal’s
29 Manufacture of automotive and other components Automotive and other components.
30 Book printing Books
31 Large Scale Mechanized Farming Wheat, Maize, Rice and Sorghum
32 Cattle ranching and piggery of not less than 500 herds Cattle and pigs of not less than 500 herds
33 Manufacture of Gypsum Gypsum
34 Re-refining or re-cycling of waste oil Low power oil
35 Manufacture of electrical appliances/ equipment/components and parts Generators, transformers, meter, control, pressing irons, switch gears, test equipment, ballets/ starters/ lighters, discreet components, resistor/capacitors/coils/semi-conductors/ conductors
36 Ship building, repairs and maintenance of ocean going vessels Ships, boats and barges.
37 Manufacture of computer and computer chips Computer hard and soft ware chips
38 Manufacture of cameras, photographic equipment and other materials Cameras, photographic equipment or any component thereof
39 Diving and underwater engineers Underwater engineering services.
40 Local fabrications of machinery, equipment Machinery
41 Manufacture of tools Machines and hand tools
42 Installation of facilities for aircraft manufacture and maintenance of aircraft Aircraft maintenance and manufacture
43 Installation of scientific instruments and communication equipment Scientific instruments, radio, audio play-back/recorders, loudspeaker units, amplifying systems, microphones, video playbacks/ recorders, PBX, telephone handset, tele-printers, trans-receivers, autophones/aerials.
45 Manufacture of gas and distribution Gas and gas distribution
46 Manufacture of Solar energy powered equipment and gadgets Solar panels, refrigerators, water pumps, calculators, etc
Fish and shrimps
47 Large-scale inland fishing farms Fish and shrimps
48 Bitumen mining and processing Bitumen
49 Salt production Salt
50 Manufacture of fire fighting equipment and detection systems Fire fighting equipment and detection systems
51 Manufacture of cables Electrical, telephone and other cables
52 Manufacture of medical equipment X-ray, oxygen equipment, etc
53 Mineral oil prospecting and production Petroleum
54 Manufacture of lubricants Grease, hydraulic/engine oil, gear oil, etc
56 Manufacture of flat sheets Flat sheets
57 Manufacture of oven, cookers, cold rooms, refrigerators, fridges, freezers, air conditioner Oven, cookers, cold rooms, refrigerators, fridges, freezers, air conditioner
58 Manufacture of agricultural machinery and equipment Ploughs, harvesters, threshers, planters etc
59 Manufacture of materials handling and equipment Cranes, forklifts etc
60 Establishment of foundries Moulds, casting, etc
61 Manufacture of alum Alum
62 Manufacture of enzymes Enzymes
63 Manufacture of concentrates Food/fruits concentrates
64 Manufacture of welding electrodes Welding electrodes
65 Manufacture of nails Nails, related items
66 Manufacture of iron rods Rods from billets
67 Manufacture of hops Brewing hops
68 Information and communication technology (ICT) Manufacture/production of ICT equipment, hardware and software
69 Tourism Development of holiday resorts, hotels, sporting and recreational facilities
70 Real Estate Development - Rental income from residential and commercial premises;- Capital gains from any real estate disposed of within a specified period
71 Utility services - Independent power generation utilizing gas, coal and renewable energy sources;- All aspects of transportation such as rail, road and waterways- Indigenous telecommunications companies other than GSM operations

Other incentives include the following:

a.tax relief for research and development
b. in-plant training
c. investment in infrastructure
d. investment in economically disadvantaged area
e. labour intensive mode of production
f. local value added
g. reinvestment allowance
h.minimum local raw material utilisation.

Hope this helped! Well, if you need more help, contact us on ibgnigeria@gmail.com or visit the website of the Nigerian Investment Promotion Commission (NIPC) on www.nipc.gov.ng/investment

Monday, February 8, 2010

Nigeria in 2010, the Jubilee Year!

The New Year, 2010 started on a wrong foot.

For what has become a way of life, many Nigerians entered the New Year in darkness. The 6000MW of electricity promised failed to materialize. Long queues at the petrol stations were carried over on to the New Year as rumors of increase in the pump price of petrol became rife.

Shortly before the year 2009 ended, a new helmsman was announced as the Governor of the Nigerian Central Bank. His name is Mallam Lamido Sanusi. He introduced some radical reforms that witnessed the exit of several bank chiefs. The restructuring that followed in the commercial banks was met with massive sack of workers by banks.

As if the pains mete out to families as a result of power outages, scarcity of petroleum products and retrenchment of workers were not enough, the nation was slapped with a label as a ‘country of interest’ by the US as a result of a botched attempt by citizen AbdulMutallab to bomb a US bound plane. This put the nation’s rebranding project in crisis as the Ministers scamper to correct any negative impression that the incident may have generated.

Add these to the anxiety of the citizens on the health of its president undergoing medical treatment in faraway Saudi Arabia. You guessed right…!

These are challenging times… but the happy people of Nigeria cannot be forced into despair. Never! According to Matthew Ashimolowo of Kingsway International Christian Centre (KICC), 2010 is a Jubilee year!

A jubilee has been defined as a season or an occasion of joyful celebration, a specially celebrated anniversary, especially a 50th. Nigeria marks its 50th political independence in 2010. This year also marks the beginning of the electioneering campaigns leading to the 2011 general elections.

According to the World Bank, Nigeria’s macroeconomic performances over the past years have been commendable and include the following: growth in the non oil sector, reduced inflation rate, increase in international reserves, bank reforms, improvement in credit rating, adoption of common external tariff, liberalization and privatization.

In addition, stocks are once again experiencing a bullish trend (with public confidence gradually returning), oil prices have appreciated to an average of $70 per barrel from an abysmal level of below $40 in early 2009 in the international markets and amnesty to Niger Delta militants means that oil companies are returning to the region.

Business intelligence reports show that Nigeria remains a country to be beaten in sub Saharan African as an investment destination

Increasingly too, Nigerian states are competing with each other for investment, visitors, events and the like. As if guided by the pre-requisites offered by Baird’s CMC and the US Chamber of Commerce on African Business Initiative: having an educated workforce, a fair business environment, a stable political environment and improved infrastructure, several governors are working hard to create facts on the ground through infrastructure development and investments in critical sectors, especially those that they have comparative advantage.

Most states have deepened their internally generated revenue base as well as looking at sectors that may jumpstart their economies. Projects on ICT outsourcing and tourism; and programs on free trade zones and business parks development are receiving a boost. One stop investment centres are springing up in state capitals and towns for leverage. Going a step further, many are adopting safe city norms, gradually becoming an international standard in the choice of where to invest, live and to do business.

However, discerning business people see the problems in Nigeria as opportunities for investment. Only the daring make it in Nigeria! Are you?

There is not much difference between our recommended sectors in 2009 and 2010 other than that the financial sector has opened up for investment for those with the wherewithal and the acumen to ride the Nigerian business wave.

As in 2009, the sectors we have outlined as below have witnessed tremendous investment of capital by local and foreign businesspeople.

They are as follows:

Hospitality: Hotels are enjoying boom times despite their exorbitant rates (The Sheraton, Protea, Hilton chain to name a few are reaping huge profits). Oriental, continental restaurants and fast food eateries are all over the major cities while bars and night clubs are packed every evening by locals and foreigners. This is an opportunity for franchise fast food chains to take the plunge. Kentucky Fried Chicken (KFC) has just joined the fray. Beers and energy drinks companies are all smiling to the banks as a result of heightened patronage by revelers (Ask the Dutch, South Africans and Austrians). Car rental companies would find the market attractive (Avis is already making a ‘kill’).

Information and Communication Technology: Nigerians may be earning less than two dollars a day but their appetite for high end smart phones with 3G capabilities are high (Nokia and Blackberry are witnesses!). Mobile phone use is presently less than half the population of 150 million people, ample opportunity for mobile phone companies to set up local plants for new or refurbished phones, the Nigerian Communications Commission (NCC) permitting. Suppliers of computers, laptops and network accessories including wireless routers, switches and data security and encryption would find a ready market here.

Most banks have deployed electronic payment platforms and there is need to protect ATM users from identity and password theft. Most Nigerian banks consider expanding their offshore banking operations and need fraud and risk technologies solutions as they deploy. Surveillance cameras and panic alarms are in demand as financial institutions, companies and individuals install cameras in and around their property. Internet penetration is still low. Such services are worth considering as Governments may be encouraged to deploy e-government platforms to save administrative costs while providing access to the citizenry.

Agriculture: Subsistence agriculture is widespread in the country but unsustainable if the country must feed itself. Improved seedlings, modern farm equipment, herbicides, storage facilities and mills for food processing are necessary in the fight against hunger, exacerbated by the use of the crops for alternative energy development.

Governments are interested in partnering with companies that are willing to go into joint venture with them for aquaculture, livestock breeding and in the production of livestock feeds and fertilizers. These projects have the capacity to generate employment for the teeming youths in the various states. Manufacturers of farm equipment and consultants in these areas would make good sales.

Services (Outsourcing)-Repatriates or returnee Nigerians from Diaspora form a ready pool of skilled and experienced human resources for companies that seek best practice for their business as they consider locating in Nigeria. With exposure in management practice, health care, accounting, HR and schools, their expertise are of immense value as companies tap into the huge opportunities available in the country in these service sectors. SAT, GRE and GMAT testing remain attractive to families that desire top notch education in the US and the UK for their children. Companies in Nigeria prefer graduates from good overseas universities to local universities as the educational system have become comatose. Private primary and secondary schools are enjoying a boom and this is not likely to change soon. Preference for expatriate teachers and administrators are high, perhaps due to absence of many committed personnel in the country. This void has been filled by repatriates with adequate skill set and passion to succeed.

Construction: Public private participation in road construction by the way of concession, build, own, operate and transfer (BOOT) are avenues considered by the government at various levels to contain the hydra headed problem of road dilapidation in the country. Rapid economic development is enhanced when people and products are able to move from point A to B. Mass transit rail, water or bus service are looked at by various governments as solutions to the transportation problems in their states. Bullet proof cars are still in high demand by chief executives of companies, embassies and the politicians. Technologies for road repairs, bridge construction; signage and traffic control would be interesting to the Governments.

Affordable housing is still out of the reach of the teeming population; therefore economic housing projects for estate development are of concern to Governments, local developers and banks, with which strategic alliance could be formed. Demand for luxury and secured housing estates is high for the expatriate population, repatriates and middle class to upper- upper income class group therefore all the appurtenances for housing construction, fittings and interior decoration remain in demand. There is a huge attraction in the float glass sub-sector. Sand dredging especially in urban centres remains an attractive venture as more residential estates are built. Demand for security doors and locks remain high especially among the nouveau rich and the political class.

Energy: The search for reliable sources of power continues with many Governments contemplating Independent Power Plants (IPP), set up of small refineries and alternative sources such as wind, biogas and solar energy. Imports of generating sets remain high as the population subscribe to any appliance that provide them with some semblance of regular power supply. Homes and offices are in dire need of energy to power on their air-conditioners, office equipment and industrial machines. Though in the long run, the Government anticipates renewable and sustainable sources of energy development, any source of power is acceptable in near term.

Health and Medical Equipment: Many Nigerians still travel overseas for tests as routine as eye and laboratory testing and medical check up. Government hospitals and clinics are comatose and without drugs leaving the population with no choice but to seek alternative health therapy. Expatriates take leave of work to return to home country for treatable ailments such as malaria. Opportunities abound here for well equipped clinics and specialized centres for heart-related ailments, kidney problems etc. Good laboratories with modern diagnostics equipment would enjoy good patronage especially among the middle class and above, foreign residents and expatriates. Massage parlors and health spas to ease stress of living, rheumatic pains and arthritis remain a wise investment. Trading in generic drugs and syrups is a worthy investment once approval is given by National Agency for Drugs and Food Administration (NAFDAC). Consulting in alternative medicine such as acupuncture is not regrettable.

PS: Our Office can help you with issues that bother on the decision to do business in Nigeria. Email Ndudi Osakwe on ibgnigeria@gmail.com