Investor Presentaiton
5.7
INVESTMENT FACILITATION ACTIVITIES
5.7.1 NIPC Business Registration/Permit
Fig.5.7.1 shows NIPC Business Registration/Permit by Sector & Employment
Generation 2006-2008. In 2006 71 BP were issued, while 211 BP were issued in
2007 representing over 185% increment. In 2008 the Commission issued 125
Business Permits representing 68.8% decline. This is attributable to the ripple
effect of the 'wait and see attitude' of investors, due to the general election that
took place in the country in 2007.
Table 5.7.1.1: Regional and Sectoral Business Permit Registration 2008
Sector
Region
Asia Europe Africa North South Far
Total
Total
Number of Projected
America America East Companies employme
Agriculture
1
1
Services
8
16
4
3
3
34
22,704
Engineering
6
8
2
1
5
22
3,264
Manufacturing
5
12
4
1
24
9,385
Commerce
13
3
1
21
1,461
Tourism/Hospitality 1
1
2
230
Solid Minerals
5
1
2
1
9
345
Oil & Gas
1
5
-
6
12
636
Total
40 45
12
19
125
38,025
Europe remains the most active source of fresh capitals for Greenfield
investments in the economy. In 2008 36% of the total registered companies by
NIPC were affiliated to Europe. Asia also sustained their interest in the economy
by investing in over 40 Greenfield investments which represented about 32%.
The 35% of the 36% share by European affiliated companies registered in 2008
are operating in the service sector of the economy. In total, the service sector
accounted for 27% of total Greenfield investments in 2008 followed by
manufacturing which accounted for about 19% while engineering and commerce
accounted for about 17% and 16% respectively.
No. of Investment
Employment Generated
2006 2007
2008
2006
2007
2008
Table 5.7.1.1: NIPC Sectoral Grant of Business Permit 2006-2008
S/N Investment Sector
60
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