Best Investment Clusters in Nigeria Investors Must Consider

Best Investment Clusters in Nigeria Investors Must Consider

Investment Clusters in Nigeria The topmost investment clusters in Nigeria include Yaba in Lagos State, South West of Nigeria for Information and Comm

Huge crowdfunding potential in Nigeria – New report
French firm, Biogaran Bought Nigeria’s Swipha
A Reason to Invest In Nigeria – Business Process Outsourcing

Investment Clusters in Nigeria

The topmost investment clusters in Nigeria include Yaba in Lagos State, South West of Nigeria for Information and Communication Technology, Nnewi in Anambra State for automobiles, Otigba in Lagos for computer and mobile technology, Onitsha in Anambra State for plastics, and Kano State for leather.

The Nigeria Industrial Revolution Plan (NIRP) was designed to facilitate the development of industrial cities, parks, and destinations while concentrating on making hard infrastructure available within these industrial zones. The current administration is fully committed to executing the NIRP.

 

Nigeria is Number 2 in West Africa for industrial cluster development  – World Competitiveness Report 2015

 

Investment Clusters in Nigeria – Lagos

Yaba

Investment Clusters in Nigeria

 

“I am in Lagos because of the vibrant developer and entrepreneurial ecosystem that you have here…” – Mark Zuckerberg (Facebook Founder) in 2016 at Yabacon Valley, Lagos

Known as “Yabacon Valley”, Yaba is fast becoming a major information and communication technology destination in Africa. Over 30 technology startups that are revolutionizing information and communication technology in Africa are currently located there and more are coming.

The idea is to turn Yaba into Nigeria’s Silicon Valley. This area is perfect due to the presence of major educational institutions like University of Lagos and Yaba College of Technology.  This in turn has drawn support organisations like financial institutions, technology enthusiasts, angel investors, venture capitalists, and real estate developers.

 

Investment Clusters in Nigeria – Anambra

Investment Clusters in Nigeria

Nnewi Automotive Parts Industrial Cluster

Nnewi in Anambra State is Nigeria’s Japan. It is one of the prime investment clusters in Nigeria. The Nnewi Automotive Parts industrial cluster is a massive Nigerian success story with exports of automotive parts to countries in the West African sub-region as well as other international destinations.

Since 1970, Nnewi residents have controlled approximately 80 to 90 percent of the motor-parts trade in Nigeria when motor parts traders began marketing their own brands instead of the reproductions of “original” parts. There are a several auto and motorcycle spare parts dealers in Nnewi; the Nnewi Motorcycle spare parts market is well known throughout West Africa.

The first indigenous car manufacturing plant is located in the city, while the first wholly Made-in-Nigeria motorcycle was manufactured in Nnewi by the National Agency for Science and Engineering Infrastructure (NASENI).

From as back as the 1940s, Nnewi residents  have been at the core of an international trading network that dominated the supply of motor spare parts in Nigeria. The town subsequently became a center for commerce and industry, and has one of the largest automotive parts markets in Africa. Small and medium-sized industries have set up in the town and are producing not only for the Nigeria markets but – albeit still to a limited extent – for markets abroad.

 

Investment Clusters in Nigeria – Lagos

Investment Clusters in Nigeria

 

Otigba Computer Village, Ikeja

The Otigba Computer Village was developed in 1995. Also known as Computer Village, it is reputed to be the largest IT market in West Africa and covers an area of some 325km2 in Ikeja, Lagos. It provides for the sale, service and repair of ICT products and components, particularly to the Lagos industrial base. Increasingly the Otigba cluster is meeting West African market demand with over 395 SMEs employing more than 3,000 people. The cluster development has been characterized by significant inter-firm co-operation and joint action.

 

Investment Clusters in Nigeria – Anambra

Investment Clusters in Nigeria

Onitsha Plastic Industry

Onitsha is a very dynamic city and has the highest concentration of manufacturers in Eastern Nigeria with products ranging from pharmaceuticals to paints, and from plastics to chemicals. It attracts trading partners from the rest of the country and different parts of the West African sub-region. The plastic cluster in Onitsha is known as the Osakwe industrial cluster, it is situated at Awada layout in Onitsha and has about 75 businesses employing over 1,800 workers.

 

Investment Clusters in Nigeria Nationwide

Investment Clusters in Nigeria

Free Trade Zones

The Nigerian Export Processing Zones Authority is the agency responsible for promoting and facilitation local and international investments into license free zones in Nigeria.

Free Trade Zones in Nigeria

Name Location Developer Land Size (ha) Status
Calabar Free Trade Zone (CFTZ) Cross River Federal Government 220 Operational
Kano Free Trade Zone (KFTZ) Kano Federal Government 463 Operational
Tinapa Free Zone & Resort Cross River PPP 265 Operational
Snake Island International Free Zone Lagos Nigerdock Plc. 59.42 Operational
Maigatari Border Free Zone Jigawa State Government 214 Operational
Ladol Logistics Free Zone Lagos GRML n/a Operational
Airline Services EPZ Lagos Private n/a Operational
Sebore Farms EPZ Adamawa Private 2,000 Operational
Ogun Guandong FTZ Ogun PPP 10,000 Operational
Lekki Free Zone Lagos State Government n/a Operational

 

Digiprove sealCopyright secured by Digiprove © 2017 Roti Adedokun

Facebooktwittergoogle_pluslinkedinrssyoutube

COMMENTS

WORDPRESS: 0
DISQUS: 0
%d bloggers like this: