The Government Strategy

Nigeria has commenced the implementation of a vigorous programme of Economic Reforms through the National Economic Empowerment and Development Strategy (NEEDS). These economic reforms will transform Nigeria into the largest and strongest African, as well as a key player in the world, economy. The return of the country to the international trade market and the availability of assistance from global financial institutions (such as the World Bank and the IMF) as well as various government reforms have positively affected the economy.

The government is creating an enabling environment for enterprise through the foundation of the following organisations and initiatives: National Economic Empowerment and Development Strategy (NEEDS); The Bureau Of Public Enterprises (BPE); Nigerian Investment Promotion Commission (NIPC); Pioneer Status; Nigeria Export Processing Zone

The govt has also introduced sector specific investment incentives to attract investors to the following sectors: Oil & Gas; Food & Drug Manufacture; Banking; Manufacturing; Agriculture; Tourism; Telecommunication; Information Technology; Power & Steel

Go to http://www.nipc-nigeria.org/FAQ.htm, http://www.nigerianeconomy.com and http://www.bpeng.org for more information