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International Chamber House

Level 5, 121 Exhibition Street

Melbourne, VIC 3000

Australia

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The Nigeria Federal Ministry of Industry, Trade & Investment in partnership with Nigeria High Commission in Canberra will host business leaders and key local industry representatives from Nigeria and Australia for an informative discussion on Nigeria’s unique investment opportunities and why to consider Nigeria as the gateway to Africa market.

During this FREE event, you will gain insight from top companies and key government officials from Nigeria on the tremendous investment opportunities that make Nigeria a top destination for foreign direct investment.

Forum participants will also have the opportunity to meet one-on-one with Nigerian State Governments and Federal Capital Territory representatives, to discuss investment opportunities across Nigeria.

Nigeria Investment Forum in Melbourne 2019 will include the following industry streams:

  • Agribusiness: Arid farming technologies, Genetic & breeding services and Food processing technologies.
  • Healthcare: Digital health, Health & Wellness solutions, Education & Training
  • Housing Development: Turn key project development, Project funding, PPPs (Public Private Partnerships).
  • ICT: ICT enterprise software, GSM latest technologies, Digital services, Fintech and E-commerce.

The Forum agenda is specifically designed to reflect the interests of the attending delegates, providing the most relevant and current information on sector opportunities to help inform investment decisions.

See bios of our speakers on our Facebook page.

Why Nigeria?

Since 2005, Nigeria has been considered to be among the "Next Eleven": the countries identified by Goldman Sachs investment bank as having a high potential of becoming, along with the BRICS, the world's largest economies. The growth is driven by a population of 193.4 million (2016 National Bureau of Statistics estimate) - growing at over 3% per annum - and by an affluent and an increasing middle class.

The "cosmopolitans" (higher middle class) and the affluent, together 10% of the population or 17 million people, account for 40% of total consumption. Another 21% of the population, or 36m people, could be considered "rising strivers!" and are therefore of interest to multinationals. About 65% of the Nigerian population is younger than 25 years.

Nigeria has consistently been ranked as one of the top three destinations for foreign direct investment (FDI) in Africa over the past decade until 2014, with Nigeria's FDI stock reaching 98.73 billion in 2016, a 3% increase from 2015. While most of the investment is directed at the oil & gas sector, FDI flows are diversifying.

Nigeria has introduced a number of incentives to assist foreign investors. The Nigerian Investment Promotion Commission Act ensures that investors can repatriate 100% of profits and dividends, and that 100% ownership of companies is allowed in all sectors apart from oil & gas. (While there are no restrictions on repatriating money for foreign entities, there are restrictions if all directors are Nigerian). Other incentives include a favourable Companies Income Tax, Pioneer Status Grants, Free Trade Zones and tax relief for research and development. A full list of government incentives can be found on the NIPC website (https://nipc.gov.ng/compendium/3-sector-specific-incentives/#)

More Reasons to Invest in Nigeria

  • The African Continental Free Trade Area (AfCFTA) is a free trade area, outlined in the African Continental Free Trade Agreement among 54 of the 55 African Union nations
  • AfCFTA will enable businesses in Nigeria export to other 54 markets across Africa
  • Africa Growth & Opportunity Act (AGOA) provides enhanced access to US market for qualifying Sub-saharan African countries, including Nigeria.
  • Under AGOA about 6,500 products are granted duty-free access to US market
  • 4 International airports and major seaports in Lagos, Calabar and Bonny Island
  • 3,798 km of railway tracks and 168,000 km network
  • Land borders with Benin, Cameroon, Chad & Niger and a natural hub for the region
  • Substantial Doing Business Reforms: In the past 4 years, 29 Nigerian states have implemented 43 reforms across areas benchmarked. Kaduna, Enugu, Abia, Lagos and Anambra showed the largest advance toward the global good practice frontier.

Register now:

Date: Monday 25th November 2019.

Time: 8:30am – 5pm.

Venue: International Chamber House, Level 5, 121 Exhibition St,

Melbourne VIC 3000 Australia.

For further information contact: Nigeria High Commission in Canberra, ACT, Australia.

Email: nhcc.admin@foreignaffairs.gov.ng

Telephone: +61 2 6215 8500


Nigeria Investment Forum in Melbourne 2019 is supported by Australia Africa Chamber of Commerce:

Australia Africa Chamber of Commerce

Event management: OctoberFirst Consulting Sydney - visit octoberfirst.com.au

OctoberFirst Consulting

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International Chamber House

Level 5, 121 Exhibition Street

Melbourne, VIC 3000

Australia

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