Investor Presentaiton slide image

Investor Presentaiton

(b) • 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. ● • • 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. 122
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