A. J. Wright - Investment Prospects of Nigeria: Exploit Investment Opportunities in Nigerias 36 States & Federal Capital Territory

Investment

Prospects

of

Nigeria

Exploit Investment Opportunities in

Nigeria's 36 States & Federal Capital Territory

By

A. J. Wright

Investment Prospects of Nigeria:

Exploit investment opportunities in

Nigeria's 36 States & Federal Capital Territory

Author: A. J. Wright

Copyright AB Prominent Publisher

ISBN: 9781393085867

Published in the United States

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Table of Contents

First, I am highly indebted to the Nigeria Governors Forum, the staff of NIPC (Nigerian Investment Promotion Commission) and the National Bureau of Statistics for their partnership and great help in capturing the investment prospects of each of the Nigerias 36 States and the FCT.

I give special thanks to the NGF (Nigeria Governors Forum), and to Mr. Asishana Okauru, the Director General of NGF, for their huge commitment towards the completion of this big project. It is with their support that I was able to complete this big project in October, 2020.

I also give special thanks to the World Bank for their report on doing business in Nigeria, the National Bureau of Statistics, www.climate-data.org , the Nigerian State Government, the Labor force and the Central Bank of Nigeria.

This project was inspired by my tiring trips cross Nigeria. In my trips, I was exposed to the richness of Nigerias diversity. Nigeria is an investment haven, and it boosted my interest in creating investment prospects across all the states of Nigeria.

The information in this book was compiled with the help of the Nigeria Governors Forum, the parties responsible for investment promotion across the 36 States and the Federal Capital Territory, and several stake holders in Nigeria.

Logos of all Nigeria States and NGF

I am very grateful for the support I received from all the 36 Governors and the Honorable Minister for Federal Capital Territory. I also appreciate the great support of my partners who are responsible for promoting investment at the State level.

Nigeria's 36 States and FCT

Nigeria is a federation. There are currently 36 states and 1 FCT (Federal Capital Territory) in Nigeria. The FCT is not a state but the capital, and is located in the Abuja city. Each of the 36 states shown on the map above is a political unit, and it shares powers with the Federal Government as stated in the Constitution of the Country.

Each of the 36 state is sub-divided into LGAs (Local Government Areas). Currently, there are a total of 774 LGAs in Nigeria.

Map of Nigeria, showing Abia State (red portion)

• Domestic Airport? Yes
• International Airport? No
• Railway Station? Yes
• Seaport? No
• Capital: Umuahia
• Land Area: 4,900 Km2
• Population: (2017): 3,714,024

0 - 14: 1,299,908 (35%)

15 - 64: 2,228,414 (60%)

65+: 185,701 (5%)

2,023,768.

Tropical savanna and monsoon

Rocky, humus and loamy soil

N14.8bn or $48m

N137bn or $450m

N814bn or $2.7bn

• Strategic location (borders 7 states)
• Enyimba Economic City is a 9,464-hectare Free Trade Zone
• Industrial hub in Aba consist of agro-allied, textiles, minerals, plastic, oil and gas industries
• A developed shoe and garment industry
• Large iron ore deposits
• Tourist destination (Azumini Blue River, National Museum of Colonial History)

• Oil Palm
• Livestock production
• Aquaculture
• Rubber
• Cassava
• cocoa
• Cashew
• Crops production
• Industrial park
• Rice

(1 to 37 - (36 States and FCT))

• Starting a Business - 16 of 37
• Registering Property - 34 of 37
• Dealing with Construction Permits - 13 of 37
• Enforcing Contracts - 32 of 37

The commercial hub Aba was formerly a British colonial government outpost in the region.

Nigerian Investment Promotion Commission: .

Contact Ministry of Trade and Investment, Abia: .

Map of Nigeria, showing Adamawa State (red portion)

• Domestic Airport? Yes
• International Airport? No
• Railway Station? No
• Seaport? No
• Capital: Yola
• Land Area: 38,700 Km2
• Population: (2017): 4,230,946

0 - 14: 1,888,382 (45%)

15 - 64: 2,195,423 (52%)

65+: 147,140 (3%)

1,588,278.

Tropical savanna

Mountainous river valleys

N9.2bn or $30m

N183bn or $600.9m

N523bn or $1.7bn

• Long international borders with the Cameroun