• Manufacturing Sectors
• SME industrial Park Development PPI
A vibrant Manufacturing sector operating at full capacity is necessary to drive the economic success that is required to enable the economy to double in size over the next five to eight years. The manufacturing sector has been suffering over the years due to the high cost of capital inputs (machinery & Plants) which are largely imported, Raw materials and technology components are also subject to crucial imports. The drop in the value of Naira has made local sourcing a more viable option. Substitute raw material inputs abound throughout the country in numerous sectors but remain largely untapped.
Capital components have to be made in Nigeria to reduce the cost of production and make manufacturing more competitive. Machine plants/parts, fabrication, automated/robotic assembly line components, computer and info systems development are all critical elements to assist local manufactures.
Training, Research & Development, marketing and quality control are all strategic tools that will help in improving the quality of the goods manufactured resulting in increased sales and acceptability in world markets. The US & Europe have relaxed rules and tariffs for many manufactured goods such as clothing from Africa as part of their initiative to reduce poverty in Africa. It is important that our manufacturers take advantage of these initiatives. There are a number of government incentives to encourage investment in this sector please click the following link for details: http://www.nipc-nigeria.org/investment.html The following link also gives you a guide to investing in Nigeria http://www.nipc-nigeria.org/guide.html
Resources: The Nation is blessed with a large variety of natural resources for manufacturing concerns chief amongst these includes Iron Ore, Coal, bauxite, bitumen, kaolin, Talc, Phosphates, Gypsum, Lime Stone, silica Please click the following links for further information:
Manufacturing Sectors: The NIPC has a list of the core sector the government is actively encouraging via pioneer status programmes with preferential tarrifs, tax holidays etc. They are foundation and base industries to provide base raw materials for processing and fabrication into other elements used in agrp allied industries, building, metal works, construction, fabrics, glass & aluminium, steel, petrochemicals, household and industrial goods. Please click NIPC link for further detail: http://www.nipc-nigeria.org/opportunities.html
The development of small and medium scale Industrial parks by private sector where manufacturing and processing concerns cn be concentrated for economies of scale and cost savings from closeness of complimentary and symbiotic company’s. The institute is charged primarily to provide reports relating to this particular initiative and this sector in general. For further information on this sector, contact us now
The Institutes Aim For the Manufacturing Sector:
a) Develop feasibility studies on cost & viability of New projects
b) Provide feasibility reports for New Manufacturing Policy
c) Provide Feasibility Reports on Deregulation & Quality control
d) Provide Reports on doubling manufacturing output over 5 to 10 years. Agro Allied and Non agricultural sectors.
e) Develop policy document on Alternative Fuels adoption: LPG f)Develop regulations, policies and laws to encourage private sector involvement and competition in this sector.
f) Develop Reports for comanies and individuals wishing to invest in upstream & Down stream manufacturing busineses.