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University of Ibadan Mapo Hall Ibadanland Olubadan Palace Cocoa House
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Ibadan: LG task force of extortionists
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Nigeria Business and Investment pportunities: Focus on Oyo State
With His Excellency, Abiola Ajimobi at London Chamber of Commerce

Date: Wednesday, 3rd October 2012
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OPPORTUNITIES

Ibadan is known as the intellectual, commercial and political capital of Oyo state with many recorded Firsts:

  • University in Nigeria – University of Ibadan
  • Television Station in Africa – NTA Ibadan (formerly WNTV, Ibadan)
  • Skyscraper in Africa – Cocoa House
  • Stadium in Africa – Liberty Stadium

Excellent ecological and climatic conditions, rich topography that favour crop production on commercial scale, rich forest resources, provision of enabling environment for both existing and potential investors, this make the city an attractive destination for investors


INVESTMENT OPPORTUNITIES:
  • Agriculture and agro-allied industries – fruit and vegetable production, arable crop production, aquaculture activities, livestock farming, farm machinery leasing;
  • Agro-Processing – value chain additions – food and cashcrop process i.e. cassava, oil palm, cocoa, maize, rice, yam, millet, cashew-nut & tomato paste and fruit juice processing,
  • Exploitation and processing of solid minerals – granite, red clay Metallic-tantalite, cassiterite, columbite, NonMetallic- kaolin, dolomitic marble, pure quartz, feldspar and talc, PreciousMetals-gold, high grade gemstones, beryllium, emerald, aquamarine, amphibolites, rubellite tourmaline, corundum, sapphire, garnet pyrope, almandine, spessartite, andradite, chalcedony;
  • Infrastructure development – Dry Ports, Free Trade Zone (FTZ), and Okerete International Border Market, Logistics Centre as a FTZ;
  • Private sector investment in the Ibadan Distribution Company for power and energy
  • Conversion of the under-utilised Ibadan Airport into a Cargo Airport using PPP model
  • Potentials for tourist attractions – establishment of amusement and theme parks, five star hotels, restaurants & bars, tour operators;
  • Proximity to Lagos sea ports;
  • Large market for goods and services;
  • Pace of development in adjoining states.

RESEARCH & RESOURCE CENTRES:
  1. IITA – International Institute of Tropical Agriculture – www.iita.org, Ibadan, 08039784000
  2. CRIN – Cocoa Research Institute of Nigeria - www.crin-ng.org 08058813261 IjebuOde Rd Ibadan
  3. IAR&T – Institute of Agriculture Research & Training – Moor Plantation Ibadan 00234 2 231 1728
  4. NISER – Nigerian Institute for Social & Economic Research – niseronline.org, Oyo Rd Ibadan 02-2006011/2
  5. ARCEDEM – African Regional Centre for Engineering Design & Management
  6. FRIN – Forestry Research Institute of Nigeria - PMB 5054, Ibadan, Oyo State, Nigeria
  7. NIHORT – Nigerian Horticultural Research Institute - P.M.B. 5432, Ibadan, Nigeria

GOV AJIMOBI’S CARDINAL DEVELOPMENTAL PROGRAMS /AREAS:
  1. Good Governance (Participatory, Transparency and Accountability);
  2. Human Capital Development;
  3. Agriculture and Rural Development;
  4. Safety and Security of Lives and Property;
  5. Sustainable Environmental Management;
  6. Functional Infrastructure.

TEN DIFFERENT REASONS WHY IBADAN IS ULTIMATE CITY FOR YOUR BUSINESS ACTIVITIES IN OYO STATE, NIGERIA:
  1. Strategic and central location
  2. Track record as investment haven
  3. Excellent human capital
  4. Research centres and knowledge clusters
  5. Fertile agricultural land
  6. Abundant mineral resources
  7. Good infrastructure
  8. High quality of life
  9. Fiscal incentives and supportive government
  10. Professional and political support in setting up

FISCAL INCENTIVES AND SUPPORT FROM THE STATE GOVERNMENT:
  • Public Private Partnership (PPP) Incentives
  • Prompt Access to Land
  • Personal Tax Relief
  • Provision of Infrastructure
  • Expeditious Processing of required regulatory consent and other requirements
  • Guaranteed Security

FISCAL INCENTIVES AND SUPPORT FROM THE FEDERAL GOVERNMENT OF NIGERIA:
  • Pioneer Status – up to seven years 100% tax holiday
  • Corporate Tax Relief – up to 120% tax relief on Research & Development Costs
  • Liberalisation of Ownership – own up to 100% equity shares
  • Repatriation of Profit – freedom to repatriate profits and dividends net of taxes
  • Guarantees against Expropriation – no nationalisation of enterprise
  • Minimum Local Raw Material Utilisation – tax credit of 20% for five years for attaining minimum


 
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Sponsoring exhibitions at one of our conferences will provides you with an ideal opportunity to reach key decision makers