Investor Presentaiton

Fueled by enabling government initiatives and policy reforms, the manufacturing sub-sector is poised to drive the industrialization of the Nigeria economy FirstBank Since 1894 Overview of the Nigerian Economy The sub-sector's capacity utilization has grown from an average of 35% in the 1990s to an average of 54% in the last five years. Its contribution to national GDP has also grown steadily to an annual average of 9% in the same period. Lagos and its surroundings are home to about 60% of Nigeria's industrial activities. Other key industrial centres are Kano, Aba, Ibadan and Kaduna. Nigeria's most important manufacturing industries include beverages, cement, food processing, textiles and detergents Nigeria has a goal to become the preferred manufacturing hub in West Africa; and the preferred source for supplying low and medium-technology consumer and industrial goods domestically and regionally. Government has committed to ensuring that Nigeria generates a minimum of 10,000MW of power. Government has deliberately designed investment incentives to support private sector participation in the sub-sector. While some of these incentives are in form of tax holiday, exemptions, and reliefs, there are many more that leverage specific government policies, as well as relevant international investment treaties

View entire presentation