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1. Federal Ministry of Industry, Trade and
Investments
Minister: Mr. Olusegun Aganga
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2. Table of Content
• Introduction
• Nigeria Inflation Rate
• Investments-1
• Investments-2
• Investments-3
• Nigeria Foreign Direct Investment
• Trade-1
• Trade-2
• Trade-3
• Trade-4
• National Industrial Revolution Plan
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3. Introduction
• Nigeria’s economy is one of the fastest growing in
the world.
• The UN Conference on Trade and Development
has named Nigeria as the No. 1 destination for
investments in Africa, attracting over $7bn in
Foreign Direct Investment (FDI). Nigeria
accounted for over 1/5th of flows into Africa as a
whole.
• Nigeria ranked 1st in the top 5 host economies for
FDI in Africa at $8.91 billion in 2011, compared
to $6.09 billion in 2010.
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4. The government has taken steps to moderate inflation levels in order to
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5. Investments-1
• Commenced an Investment Climate Reform Programme,
which has helped to attract over N6.8 trillion Foreign and
Local Direct Investment commitments.
• Continuous rise in foreign investments in manufacturing
e.g. Indorama’s $1.2 billion fertilizer plant at Onne, Procter
& Gamble’s $250 million consumer goods plant in Ogun
State, SAB Miller’s $100 million brewery at Onitsha.
• The Exim Bank of the United States of America signed a
MoU with the Federal Government to provide an
investment window of up to $1.5billion for willing investors
in the Nigerian power sector. This is the first time such an
amount will be made available by the US Exim Bank for a
specific sector in Africa.
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6. Investments-2
• The Federal Government launched Staple Crop Processing Zones to
support investments in the entire agricultural value chain.
• At present, there are significant private investment commitments
from agribusiness ventures such as Flour Mills of Nigeria, the
Dangote Group, Syngenta, Indorama, AGCO, and Belstar Capital.
• Strengthened One-Stop Investment Centre in NIPC to achieve
efficient investment coordination and facilitation between relevant
government agencies and achieve 48- hour response target for all
enquiries.
• Achieved a 24-hour timeline for registration of new businesses. A
total of 6, 838 companies were registered within the second quarter
of 2012.
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7. Investments-3
• Inaugurated the Investor Care Committee, the
Doing Business and Competitiveness
Committeeand established the Competitiveness
Council.
• 6 billion USD invested in 150 companies in the
Onne Oil and Gas Free Zone which are now
operating and 30,000 jobs created to date.
• 4.4 billion USD invested in other Free Trade
Zones under NEPZA, including Calabar – nearly
half a million jobs created to date.
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8. Investments are a major factor in growing Nigeria’s
labour productivity.
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9. Trade-1
• Commenced the transformation of the Abuja Securities
and Commodity Exchange into a first class Commodity
Exchange.
• Completed the review of the trade regime and produced
a draft of Nigeria’s Trade Policy for the first time in 10
years.
• Imports of textiles, plastic & rubber, paper & paper-
making material have dropped.
• Exports of plastic & rubber, vegetable products,
prepared foodstuff and beverages are on the increase.
Non-oil exports saw a five year increase from 8% to
31%.
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10. Trade-2
• Implementing the Backward Integration Policy in the
cement industry has resulted in a total combined installed
capacity of over 28 million metric tonnes per annum (as
against local demand of 20 million metric tonnes) and has
produced the largest cement plant in the world today.
• The cement success story is being replicated in the
automobile, textile and garment, palm oil as well as sugar
subsectors.
• Completed the development of the Nigerian Sugar Master
Plan (NSMP), which provides the roadmap for 100% local
production of sugar. (Today, Nigeria produces only 2% of
the sugar it consumes).

11. Trade-3
• Created special windows of financing SMEs in
collaboration with SME desks of commercial
banks.
• Today, small-scale industrialists can access
funding, under special conditions, at single digit
interest rates and there are special funding
schemes for women, mechanics, etc.
• Repositioned the Weights and Measures
Department of the ministry to entrench fair
trading, both domestically and internationally, and
give consumers value for money.
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12. Trade-4
• Reduced volume of substandard goods from 85%
to 60%. The target is 30% by year-end.
• Volume of substandard electric bulbs reduced
from 80% to 50%
• Volume of reinforced steel bars reduced from
45% to 30%
• Volume of tyres reduced from 60% to 50%.
• Developing a robust Item-Level Tagging to enable
easy tracking and identification of fake products.
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13. National Industrial Revolution Plan
• Repositions Nigeria’s industries as the bedrock of
sustainable economic growth and development. The plan
links industries to innovation and skills development.
• Focus is on agribusiness (food processing, leather and
leather products, textile and garment and sugar sub-sectors);
mining-related industries (cement, iron and steel,
aluminium and automobile sub-sectors etc); oil and gas
(petrochemicals, plastic and chemical industries).
• Other aspects include construction and housing sectors, etc.
• Implementing a National Industrial Skills Development
Programme, targeting 500,000 youths annually from 2013.
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