BENEFIT OF FOREIGN INVESTORS IN NIGERIA

As part of the efforts to provide an enabling environment that is conducive to the growth and development of industries, inflow of foreign direct investment (FDI), shield existing investments from unfair competition and stimulate the expansion of domestic production capacity; the federal government of Nigeria has developed a package of incentives for various sector of the economy. These incentives, it is hope, will help revive the economy, accelerate. growth...Nigeria government accepts the private sector as the engine of growth and the creator of wealth, while the government’s major responsibility is to provide the enabling environment for the private investors to operate. In this regard, laws which had hitherto hindered private sector investments have been either amended or repealed and a National council on privatization has been established to oversee orderly investment to private operators in vital areas of the economy, such as mining, transportation, electricity, telecommunication, petroleum and gas.