To induce Korean investors, the Embassy of Nigeria hosted its Nigeria-Korea Investment Forum & Expo in partnership with Korcham(Korea Chamber of Commerce & Industry) and The Korea-Africa Foundation at Korcham Intl conference hall on Oct. 17th all day.
Some African group Ambs. were on hand including African group Ambs. dean Gabon Amb. Carlos Victor Boungou, Cote D’iVoire Amb. Sylvestre Kouassi BILE, Ghana Amb. Difie Agyarko KUSI, Morocco Amb. Chafik Racha야, Sudan Amb. Elrayih M Hydoub, Lebanon Amb. Antoine Azzam, among others.
As regarding investments in Nigeria, there are over 2000 industrial establishments in the country. Among these are a giant oil industry, Iron complexes, steel rolling, pharmaceutical industries, food processing, car assembling and the up-coming Export Processing Zone (EPZ), according to the Embassy of Nigeria.
Government economic policy favors and places priority on greater investment in agricultural production and manufacturing and exports of production, abundantly skilled and versatile human resources and access to a vast local market of over 100 million people and beyond in the sub-region.
For reference, for the sake of Doing Business in Nigeria, All business enterprises must be registered with the Registrar-General of the Corporate Affairs Commission (CAC) (Registrar of Companies), according to the Embassy of Nigeria.
A foreign investor wishing to set up business operation in Nigeria should take all steps necessary to obtain local incorporation of the Nigerian branch or subsidiary.
Business activities may be undertaken in Nigeria as:
or Public limited liability company;
limited by guarantee;
Foreign Company (branch or subsidiary of foreign company)