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Sunday, August 22, 2010

INVESTMENT OPPORTUNITIES IN THE TOURISM SECTOR

INVESTMENT OPPORTUNITIES IN THE TOURISM SECTOR

The Federal Government of Nigeria in its determined efforts to develop and promote tourism into an economically viable industry had in 1991 evolved a tourism policy. The main thrust of the policy is to make Nigeria a prominent tourism destination in Africa, generate foreign exchang, encourage even development, promote tourism-based rural enterprises, generate employment, accelerate rural-urban integration and foster socio-cultural unity among the various regions of the country through the promotion of domestic and international tourism.

It also aims at encouraging active private sector participation in tourism development.

The following special investment potentials exist within the country:

- Overland Safaris

- National Parks

- Game and Gorilla viewing

- Deep Sea Recreational Fishing

- Lake and River Fishing

- Archaeological Tours

- Beach Resorts and Hotels

- Transportation-Water, land and sea

- Surfing and snorkeling

- Theme Parks and Exposition Centers

 

Thursday, August 12, 2010

JOINT VENTURE & INVESTMENT OPPORTUNITIES IN THE TRANSPORTATION

JOINT VENTURE & INVESTMENT OPPORTUNITIES IN THE TRANSPORTATION

Aviation Sub-Sector
1) Maintaining a Hangar. Existing hangar owned by the airline needs refurbishment and modern equipment;
2) Aircraft Engine Workshop - A workshop that can effect A, B, C, & D checks on various grades of aircrafts used in the Country and in the West African sub-region;
3) Development and management of a five-star hotel in Lagos.
4) Provision of catering equipment and infrastructure to meet the needs of the airline industry;
5) Establishment of a modern aircraft training facility;
6) Development/construction of airport terminals.

Maritime Sub-Sector
1) Liner Services - Foreign Shipping Companies can engage in the provision of Liner Services through joint sailing agreement with Nigerian shipping companies;
2) Cabotage - Government encourages joint ventures in the ownership and operation of light vessels between ports, which must be fully registered in Nigeria;
3) Ship Acquisition and Ship Building Fund/Lifting of Crude Oil and Gas;
4) Pollution Control in the Oil Producing Coastal Regions
5) Search and Rescue - provision of equipment to meet various requirements;
6) Training /Technical Assistance;
7) Tanker Trade - joint venture with Nigerians in the exportation of Nigerian crude oil;
8) Proposed Nigerian Maritime Consultancy Centre - this will cover the following:

a) Marine engineering spare parts supplies;
b) Ships and Port management;
c) Ships, Ports and boat supplies;
d) Seaports, oil terminals and ship communication equipment;
e) Seaports and ships educational material;
f) Combined maritime publications.

Railway
There is need for modernization of the Nigerian Railway System which is still based on the prevailing technology at its inception early in the century, that is the 3" - 6" (1067mm) guage. These include:

1) Conversion of wagon bearings to roller bearings;
2) Conversion of train braking system from vacuum to air;
3) Conversion of AB coupler to more effective system;
4) Modernization of track maintenance;
5) Improvement of ticketing system;
6) Manpower development and training.

Road Transport
Provision of:
1) Modern buses equipped with communication system;
2) Trams to facilitate passenger movement in both rural and urban areas;
3) Suitable haulage trucks for goods and services;
4) Service facilities at the terminals on both the highways and destinations;
5) Collection of tolls for the use of the service facilities provided to help sustain the system;
6) Computerization of services to enhance efficiency and control of operations;
7) Commercialization of terminal facilities;
8) Central terminals in various urban and rural locations in the country with service facilities.

National Inland Waterways
1) Dredging of the River Niger; 2) Rehabilitation of Warri and Lokoja Dockyards, operational vessels, pollution control, etc; 3) Study and Development of River Benue System for all year round navigation; 4) Dredging of Oguta Lake for effective navigation with larger vessels.

Free Port Zones
The establishment of the Onne Free Port Zone makes Nigeria the focal point for the oil and gas industry in West Africa. It provides incentives such as, easy registration in the Nigerian oil and gas market - drilling, construction, pipe coating, ship repair, etc, minimum bureaucracy, free corporate tax, import and export duties exemption for goods within the zone, 100% foreign repatriation of capital and profit, 100% foreign ownership, free pre-shipment inspection for imported goods, free expatriate quota and the possibility to sell products and services in the West African sub-region.

It also offers excellent business opportunities to investors wishing to participate in both planned and existing projects that require huge investment - the Bonny Terminal, Eleme Petrochemical complex (NNPC), fertilizer plant (NAFCON), aluminum smelter plant (ALSCON) and the West African Gas Pipeline (Escravos - Ghana).

Proposed Terminals
1) Bulk Cargo Terminal - major bulk commodities such as coal, sugar, petroleum, grain, ore and bauxite, can be handled here.
2) Onne Self-Run Transit Terminal - this will accommodate a container terminal, a RORO terminal and a center with trans-shipment facilities for the West African sub region and neighboring land-locked countries.
3) Lagos Specialized Trans-Shipment Terminal - this will provide a break away from the usually congested Apapa and Tin Can Island ports, serving both the manufacturing and trading sectors.




Tuesday, August 10, 2010

Incentives and Strategies for Investment in Solid Minerals

Incentives and Strategies for Investment in Solid Minerals

Investment Incentives:

- 3-5 years Tax Holiday.
- Deferred royalty payments.
- Possible capitalization of expenditure on exploration and surveys.
- Extension of infrastructure such as roads and electricity to mining sites, and provision of 100% foreign ownership of mining concerns.

HOW TO OBTAIN A MINING LEASE IN NIGERIA

There are two options available to a company or an individual to enter into mining industry in Nigeria.

Through the acquisition of an existing mining property from the original owner. Approval must be obtained from the Ministry of Solid Minerals Development for such a purchase.

By obtaining an application, either a Prospecting Right (PR), an Exclusive Prospecting License (EPL), or a Special Exclusive Prospecting License (SEPL), the application should state financial and technical capability qualifying the applicant for entry into the mining sector.

PERMIT REQUIREMENTS DURATION
Entry permits into the mining sector
-Statement of financial capability
-Statement of technical capability
-Proof of statutory existence of company Life
Prospecting Right/License -Certificate of entry into mining
-Prospecting License 1 Year renewals
Alluvial-Max. Of 2
Bassalt-Max. Of 4
Lode-Max. Of 5
Exclusive prospecting Renewals exceeding 20.72)
-Same as above. Duration of 1- 5 Right/License (for areas up Years Depending on Reserves
Mining Lease (gives right to mine specified land area of 80 hectares)
-Possession of a Prospecting Right, Exclusive Prospecting License or Special Exclusive Prospecting License.
-Submission of a plan of the prospecting done, a schedule of the mineral value found and a statement of ore reserves.
-Submission of an environmental impact assessment and production plan. Not exceeding 21 years Renewal depending on remaining reserves
Special mining lease for an area larger than 80 hectares
- Same as above. Metallic minerals not More than 21 years.
More than 21 years.
not exceeding 70 years. Renewals at Minister’s discretion, for not more than 21 years.

Entry into the mining Industry
- Statement of financial capability
- Statement of technical competence
- Proof of statutory existence of company.
- Evidence of tax clearance
- Payment of prescribed fee

Prospecting Right (P.R.) - Certificate of entry into the mining industry.
- Payment of prescribed fee 1 year (Renewable annually)
Exclusive Prospecting (E.P.L.)
(for areas up to, but not exceeding 20.72km2) - Certificate of entry into the mining Industry
- Extant Prospecting Right (P.R.)
- Payment of prescribed fee 1 year renewable for:
Alluvial Deposits- maximum of 2
renewals: Basslt:-
Max. Of 4 renewals Max. Of 5 renewals
Special Exclusive Prospecting License (S.E.P.L.)
(For areas greater than 20. 72km2 & of difficult terrain Mining Lease (M.L.) - Certificate of entry into Mining Industry
- Extant Prospecting Right (P.R.)
- Payment of prescribed fee
- Certificate of entry into mining Industry
- Extant Prospecting Right (P.R.)
- EPL or SEPL
- Prospecting plant of the area showing Ore reserve estimates.
- Payment of prescribed fee. 1-5 Years.
Up to 21 years, renewable depending on remaining on reserve
Special Mining Lease (SML)
(for areas greater than that of ML. With difficult terrain and large capital out-lay). - Certificate of entry into mining Industry.
- Extant prospecting Right (PR)
- EPL and SEPL
- Prospecting plan of the area showing on reserve estimates
- Payment of prescribed fee. Up to 21 years renewable depending on the remaining on reserve.

Wednesday, August 4, 2010

INVESTMENT OPPORTUNITIES IN TELECOMMUNICATIONS INDUSTRY

INVESTMENT OPPORTUNITIES IN TELECOMMUNICATIONS INDUSTRY

The deregulation of the telecommunications sector in 1992 through Decree 75 was to allow for private sector participation in the sector and expand the nation’s communication facilities. The Nigeria Communications Commission (NCC) was established consequently to regulate the performance of the sector. The liberalization thrust was further strengthened by the Nigeria Communications Commission (Amendment) Decree No. 30 of 1998 which deleted those provisions in the first decree that inhibited competition in the sector thus enhancing the expected role of private sector enterprises.

The functions of Nigerian Communications Commission include:

* Regulating the privatized sector of the telecommunications industry.
* Facilitating entry into the telecommunications market by private entrepreneurs.
* Creating a regulatory environment for the supply of telecommunications equipment and facilities.
* Issuing of telecommunications licenses.
* Promoting fair competition and efficient market conduct among all players in the telecommunications industry.
* Arbitrating disputes between participants in the telecommunications industry and protecting consumers against unfair practices.

LOCAL MANUFACTURE OF EQUIPMENT
The telecommunications industry in Nigeria is far from being developed. There is a dearth infrastructural facilities and this has placed a constraint on the provision of services to existing and potential customers. There is therefore an urgent need to expand the infrastructures in this sector if it is to effectively play its role in the economic, social, political, cultural and in fact overall development of the Nigerian society and properly integrate it into the international community. Such desired expansion can not be achieved under the present dispensation where the needed equipment are usually imported with attendant problems of foreign exchange procurement, freighting cost, long delivery period etc. There is therefore no other realistic option than the local manufacture of these equipment and spares.

SWITCHING AND TRANSMISSION EQUIPMENT
Local manufacture of switching and transmission equipment is required since no single company exists in Nigeria or even neighboring countries for this purpose. Hence any company that goes into the venture will have its market beyond the frontiers of Nigeria.

1. CABLES
In Nigeria, there are three companies engaged in the production of telecommunication cables using imported copper and other local resources like poly vinyl chloride materials for insulation. There is no company that is currently producing fiber optic cables in the country.

The copper cable producing companies are producing only low pair capacity of 50, 100, 200 pairs. There is need for a plant that will produce high pair capacity cables that will enhance massive provision of lines to the teaming population.

2. FACILITIES AND SERVICES PROVISION
With Nigeria’s population that is over 140 million people, an installed telephone capacity has grown from 500,000 in 2001 to more than 35M in 2007. Nigeria is one of the fastest growing telecoms market in the world. The number is poised to double in the coming years. More than 98 percent of this growth is in the mobile telecoms sector. Fixed land lines have not experienced much significant growth.

Hence, the sector is still a virgin land for investors wishing to provide and operate private network links employing cable, radio communications, data services, INTERNET Business and Satellite communication, Payphone services and Cellular radio phone services.

Tuesday, August 3, 2010

Directory of Radio Stations in Nigeria

Brilla FM 88.9, Lagos
Address: 634, Adeyemo Alakija Street, P. O. Box 75504, Victoria Island, Lagos
Phone: +234 1 2702948
Email: info@brilafm.net
Website: http://www.brila-fm.net

Bond FM 92.9, Lagos
Address:
Phone: +234 1
Website: http://bondfm.frcnlagos.org

Cool FM 96.9, Lagos
Address: AIM PLAZA, 267A, Etim Inyang Crescent Victoria Island Annex, Lagos.
Phone: +234 1 2623053, 2710244 - 47; Fax: +234 1 2610393, 2614779
Email: info@coolfm.us
Website: http://www.coolfm.us

Freedom Radio FM 99.5, Kano (Muryar Jama'a)
Address: Plot 47 Sharada Phase I, Sharada Industrial Estate, Kano.
Phone: +234 64 942777, 660907.
Website: http://www.freedomradionig.com

Gateway Radio, Abeokuta
Address: Gateway Broadcasting House 776, Ajebo Road, Abeokuta.
Phone: +234 37 430150, 08033511674
Email: info@gradionigeria.com
Website: http://www.gradionigeria.com

Gold FM 95.5, Ilesha
Address: PMB 5050, Ilesha, Osun State..
Phone: +234 2 2400660, 2414949, 2414792; Fax: +234 2 2413930
Email: goldfm@radionigeriaibadan.net
Website: http://www.frcngoldfm.net

Metro FM 97.6, Lagos
Address:
Phone: +234 1
Website: http://metrofm.frcnlagos.org

Paramount FM 94.5, Abeokuta
Address: Paramount Hill, Abeokuta-Sagamu Expressway, P.M.B. 2160, Abeokuta, Ogun State.
Phone: +234 (0) 803-332-6799, 0805-636-2327
Email: info@frcnparamountfm.com
Website: http://www.frcnparamountfm.net

Positive FM 102.5, Akure
Address: Information Village, Ondo Road, Akure, Ondo State.
Phone: +234 (0) 803-718-1720, 0803-726-1524, 0805-563-1898
Email: positivefmakure@yahoo.com
Website: http://www.frcnpositivefm.com

Progress FM 100.5, Ado Ekiti
Address: Iworoko Road, P.M.B. 5413, Ado-Ekiti.
Phone: +234 (0) 8033976289
Email: frcnprogressfm@yahoo.com
Website: http://frcnprogressfm.net


Premier FM 93.5, Ibadan
Address: Broadcasting House, Oba Adebimpe Road, Dugbe, Ibadan, Oyo State.
Phone: +234 2 2400660, 2414949, 2414792; Fax: +234 2 2413930
Email: premierfm@radionigeriaibadan.net
Website: http://www.frcnpremierfm.net

Radio Lagos, Eko FM 89.7
Address: Lateef Jakande Road, Agidingbi, Ikeja, Lagos.
Phone: +234 1 4960568, 4935145; Fax: +234 1 4935146
Email: ekofm@infoweb.abs.net
Website: http://www.radiolagosekofm.com

Radio Nigeria, Ibadan
Address: Broadcasting House, Oba Adebimpe Road, Dugbe, Ibadan, Oyo State.
Phone: +234 2 2400660, 2414949, 2414792; Fax: +234 2 2413930
Email: info@radionigeriaibadan.net
Website: http://www.radionigeriaibadan.net

Monday, August 2, 2010

TELEVISION STATIONS IN NIGERIA

Africa Independent Television (AIT)
Address: Communication Village, Alagbado Lagos
Phone: +234 1 2644814, 2644817
Website: http://www.ait.tv

Channels Television
Address: Krestal Laurel Complex, 376 Ikorodu Road, Maryland, Lagos
Phone: +234 1 2710749, 2710750, 4934258; Fax: +234 1 4934258
Website: http://www.channelstv.com

DBN Television
Address: 65, Awolowo Way, Ikoyi Lagos
Phone: +234 1 2690051-2, 685417,685419
Website: http://www.dbn-int.com

Galaxy Television
Address: 27, Community Road, Off Allen Avenue, Ikeja, Lagos State.
Phone: +234 1 555 7511, 555 7512, 793 7869
Website: http://www.galaxytv-ng.com

Gateway Television
Address: Km. 9 Olabisi Onabanjo Way, P.M.B. 2239, Abeokuta, Ogun State.
Phone: +234 39 244101, 244122
Website: http://www.gtvnigeria.com

Loveworld Christian Network (LCN)
Address: 51/53 Kudirat Abiola Way, Oregun, Ikeja, Lagos
Phone: +234 1 7737613, 7737614
Website: http://www.loveworldchristiannetwork.org

Minaj Broadcast International (MBI)
Address: 130/132 Ladipo Street, Matori Industrial Estate, Lagos
Phone: +234 1 4529 2032, 269 4142, 269 2397, 269 3730; Fax: +234 1 269 3909, 269 3727
Website: http://www.mbiafricatv.com

Nigeria Television Authority
Address: Television House, Area 11, Garki, ABuja
Phone: +234 1 9 234 5907, 234 5915; Fax: +234 9 234 5914
Website: http://www.nta.com.ng

SilverBird Television
Address: 1 Rhyth Avenue, Lekki, Lagos.
Phone: +234 1 555 55402
Website: http://www.silverbirdtv.com

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