Investor Presentaiton
(b)
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customs officials who demand gratification and cause delay in the
clearance of goods at the Ports.
Inadequate Raw Materials: We encouraged those that are saddled with
this problem to take advantage of the =N=50b set aside by government to
support farming activities by the producers of these needed raw
materials
• Accessing the Export Market: Some of these investors desire to export
products beyond Nigerian shores. Efforts to get NEPC attend to such
companies are in process. Some were introduced to take advantage of the
ECOWAS Trade Liberalization Scheme.
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Inability to Acquire Modern Equipment: The high cost of acquiring
modern machines to improve their output has become a nightmare to
some manufacturers (e.g Leather works and Mining industries).
Lean Share of the Market: Some local producers complained that some
banned items are still being imported from some Asian Countries. They
therefore call on government to place a total ban on the importation of
such products, to enable local producers have a chunk of the market as
well as to encourage increase in capacity utilization.
High Payment of Royalties: Investors in the Mining Sector have
complained of an arbitrary increase in their payments of royalties, they are
urging government to take a second look at this with a possible
downward review.
Trouble-Shooting Visits to Investors
The Commission through its Geopolitical Zonal offices undertook facility visits
to some investors to ascertain their levels of production, as well as render advices
and guidance where necessary. Letters were written to them before the visits to
solicit their inputs on perceived hindrances to investments.
In the cause of the working visits to states, potential investors with projects that
are capable of attracting interests for promotion were identified. These potential
investors were advised and guided on how to package their projects for
promotion.
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