Others

Establishing A Diagnostic Centre in Nigeria; The Opportunities.

The public healthcare service delivery in  Nigeria consists of different levels of public healthcare institutions, starting from the bottom of the pyramid of healthcare facilities and going to the top, an integrated; step up referral system with a network of primary health centers, community health centers general hospitals, federal medical centres and teaching hospitals.

Patients are provided advanced level of curative, surgical, and diagnostic services as they move up the hierarchy.

Primary healthcare delivery is provided at local government where the patients are treated for minor sickness, basic specialties, and minor surgeries.  General hospitals provide secondary medical care, delivering service in general medicine, obstetrics and gynaecology, orthopaedics, opthalmology, ENT, dental, laboratory and radio diagnosis.

According to a 2015 BMI report, there were an estimated 3,534 hospitals in 2014, 950 of which were in the public sector. These included 54 federal tertiary hospitals comprising 20 teaching hospitals, 22 federal medical centers, three national orthopedic hospitals, the National Eye Centre, the National ENT Centre and 7 psychiatric hospitals, which are overseen by the Hospital Services Department of the Federal Ministry of Health (FMOH).

The private sector is the dominant provider of care in many areas, accounting for the greater part of secondary care facilities. In 2005, the FMOH estimated that there were around 9,000 private health facilities, but information on their location and the level of care provided was patchy. Private health facilities are thought to include around 2,600 private hospitals and clinics.

Nigeria had an estimated 134,000 hospital beds in 2014, equal to 0.8 per thousand populations, which is well below the rate for the African region. The number of hospital beds is estimated to have grown at a compound annual growth rate (CAGR) of 3.8 percent since 2009, slightly higher than population growth but at an insufficiently high rate to have a significant impact on the population bed ratio.

Diagnostic service is required for providing effective diagnosis of the disease suffered by the patient, measure the quantum of medicines to be provided, quantify the extent of cure effected, identify the medical sensitivities of the patient to avoid wrong/under/over medication resulting in adverse effects and to extend the research and development capabilities of the medical process.

Demand for diagnostic related equipment and technologies such as Magnetic Resonance Imaging (MRI), Computed Tomography scan (CT), Digital X-Ray, Ultrasound, Mammography, ultrasound scans, as well as anesthesia kits and mortuary equipment have increased significantly since the introduction of the National Strategic Health Development Plan (NSHDP).

CT Scan machine is used to produce cross-sectional (tomographic) images (virtual “slices”) of specific areas of a scanned object, allowing the user to see inside the object without cutting while the ultra sound machine is used to see internal body structures such as tendons, muscles, joints, vessels and internal organs.

Endoscopy

Gastroscopy machine is used to see the inside of the gullet, stomach and duodenum while colonoscopy machine is used to see the inside of the large bowel and the distal part of the small bowel with a CCD camera or a fiber optic camera on a flexible tube passed through the anus.

According to research report, the diagnostic services market is expected to continue growing at 8.5% for next five years. This growth is likely to be driven by improving healthcare facilities, medical diagnostic and pathological laboratories, private-public projects, and the health insurance sector. Moreover, with the rise in health consciousness in the society and the rising burden of chronic diseases, the market would also experience growth.

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Foraminifera Market Research Limited (www.foramfera.com) is part of a family of businesses, which includes several brands such as

Hausworth Nigeria Limited owners of

365 Home Improvement — www.365homeimprovement.com (Nigeria’s One Stop Home Improvement Portal)
365 Property Portal — www.365propertyportal.com (Property listing, building materials sales and movers in Nigeria)

Kyneli Business Support Services owners of

www.365campaigner.com

365 Campaigner is a complete suite of social collaboration, communication and management tools for your team. From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals.
———————————————————————————————————————

At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

You can order our report establishing a diagnostic centre in Nigeria

ESTABLISHING A DIAGNOSTIC CENTRE IN NIGERIA; THE FEASIBILITY REPORT.

Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below

MARKET RESEARCH REPORTS IN NIGERIA
INVESTMENT OPPORTUNITIES IN NIGERIA

Do you require a business plan or feasibility report on the subject matter? Contact us with any of the details provided below to arrange a meeting

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HOW TO EARN SCARCE FOREIGN EXCHANGE STARTING THESE BUSINESSES IN NIGERIA.

Nigeria will continue to struggle with its readjustment to low oil prices, and some policies being pursued by the central bank will further constrain growth in the near term.

Africa’s top oil producer introduced curbs on buying foreign-exchange from late 2014 in a bid to prop up the Naira as prices for crude oil, the source of two-thirds of government revenue and 90 percent of export earnings, plummeted.

In the short range, Nigeria is obsessed with easy money from crude oil trading and out rightly refuses to diversification of her economy. A great nation like Nigeria has refused to grow her economy with all the natural and human capital at her disposal.

The Naira demand and supply is determined by the market forces because Naira is allowed to float without any fixed exchange rate. The relative weakness of Nigeria’s entire economy does not seem favorable to the status quo. Our GDP is relatively small compared to the industrialized nations and this negates the stability and international purchasing power of the Naira. The amount of importation overwhelms the economy and a low return of foreign exchange due to lack of exportation to generate foreign exchange.

The crux of the matter is the demand for dollars are extremely high among Nigerian banks. Nigeria does not generate enough foreign exchange to satiate local consumption. Therefore the demand for dollar drives the value of Naira that is ubiquitous and weak. Nigerian source of dollars and foreign exchange comes only from the export of oil and its over-dependence for foreign exchange from oil.

To change this trend, we at Foraminifera Market Research have prepared a number of market research reports to assist clients who wants to go into businesses that can generate foreign exchange and further grow our GDP.

Foraminifera Market Research provides bespoke market entry solution to both local and international investors in the small and medium scale industry and in different market segments of the Nigerian economy.

We are a dynamic market research company providing comprehensive research solutions and strategic research services which increases the bottom line of our clients.

Market Research is the key factor towards having an edge over your competitors. They provide important information that identifies and analyzes market need, size and competition.

Below are some of our reports

MINING BUSINESSES WITH POTENTIALS TO EARN FOREIGN EXCHANGE

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    GOLD MINING & PROCESSING N 100,000
2.    TANTALITE ORE MINING & PROCESSING N 100,000
3.    SMALL SCALE COAL MINING N 100,000
4.    SMALL SCALE IRON ORE MINING N 100,000
5.    MANGANESE ORE MINING N 100,000
6.    COPPER ORE MINING N 100,000
7.    TUNGSTEN ORE MINING & PROCESSING N 100,000
8.    LEAD ORE MINING N 100,000
9.    ZINC ORE MINING N 100,000
10.   TIN ORE MINING & PROCESSING N 100,000
11.   COLUMBITE MINING & PROCESSING N 100,000

AGRO-PROCESSING BUSINESSES WITH POTENTIALS TO EARN FOREIGN EXCHANGE

(TO EXPLORE THE TABLE OF CONTENTS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    RAW COCOA SEED PROCESSING (CONTRACT PROCESSING) AND EXPORT IN NIGERIA N 100,000
2.    COCOA LIQUOR, COCOA BUTTER AND ALKALIZED COCOA POWDER PRODUCTION AND EXPORT IN NIGERIA N 150,000
3.    SHEA BUTTER PRODUCTION AND EXPORT IN NIGERIA N 100,000
4.    CASHEW KERNEL PRODUCTION AND EXPORT N 150,000
5.    SESAME SEED CLEANING, DE – HULLING AND EXPORT N 100,000
6.    CASSAVA TUBERS CULTIVATION, STARCH PRODUCTION AND EXPORT N 200,000
7.    GUM ARABIC PROCESSING AND EXPORT (SPRAY DRIED FOOD GRADE GUM ARABIC POWDER) N 200,000
8.    HIBISCUS FLOWER PROCESSING AND EXPORT (SPRAY DRIED FOOD GRADE HIBISCUS FLOWER POWDER) N 200,000
9.    GINGER POWDER PRODUCTION, PACKAGING AND SALES (LOCAL & EXPORT) IN NIGERIA. N 100,000
10.  CHILI PEPPER POWDER PRODUCTION, PACKAGING AND SALES (LOCAL & EXPORT) IN NIGERIA. N 100,000
11.   ONION POWDER PRODUCTION, PACKAGING AND SALES (LOCAL & EXPORT) IN NIGERIA. N 100,000
12.  GARLIC POWDER PRODUCTION, PACKAGING AND SALES (LOCAL & EXPORT) IN NIGERIA. N 100,000

13. BONE MEAL PRODUCTION AND EXPORT   N 100,000

COMMODITY EXPORT BUSINESS OPPORTUNITIES

(TO EXPLORE THE TABLE OF CONTENTS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    COCOA EXPORT N 5,000
2.    SESAME SEED EXPORT N 5,000
3.    GUM ARABIC EXPORT N 5,000
4.    LEAD ORE EXPORT N 5,000
5.    ZINC ORE EXPORT N 5,000
6.    COPPER ORE EXPORT N 5,000
7.    TANTALITE ORE EXPORT N 5,000
8.    COLUMBITE ORE EXPORT N 5,000
9.    TIN ORE EXPORT N 5,000
10.   CHARCOAL EXPORT N 5,000
11.   RAW CASHEW NUT EXPORT N 5,000
12.   YAM EXPORT N 5,000
13.   SOYA BEAN EXPORT N 5,000
14.   GROUNDNUT EXPORT N 5,000
15.   SHEA NUT AND BUTTER EXPORT N 5,000
16.   DRIED HIBISCUS FLOWER EXPORT N 5,000
17.   MANGANESE ORE EXPORT N 5,000
18.   CATTLE HORN EXPORT N 5,000
19.   COTTON LINTS EXPORT N 5,000
20.   DRY SPLIT GINGER EXPORT N 5,000
21.   NIOBIUM ORE EXPORT N 5,000
22.   MICA SHEETS EXPORT N 5,000
23.   THE PURCHASE AND EXPORT OF GOLD DUST, NUGGET AND BAR FROM AFRICA TO DUBAI N 30,000
24.   PALM KERNEL SHELL {PKS} EXPORT FROM NIGERIA N 10,000

25. GALLSTONE EXPORT  N 3,000

26. BITTER KOLA EXPORT N 5,000

27.   LITHIUM ORE EXPORT  N 5,000
28.   NATURAL RUBBER EXPORT  N 5,000
29.  PROCESSED WOOD EXPORT  N 20,000
30.  SAWDUST BRIQUETTE EXPORT  N 5,000
31.  RAW CRAYFISH EXPORT  N 5,000

FOREIGN EXCHANGE CONSERVATION BUSINESSES OPPORTUNITIES

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    FERTILIZER (NPK) PRODUCTION IN NIGERIA N 100,000
2.    PRODUCTION OF EDIBLE ETHANOL 95.5% ALCOHOL FROM CASSAVA TUBERS IN NIGERIA N 200,000
3.    TOOTHPICK PRODUCTION IN NIGERIA N 50,000
4.    FROZEN POTATO CHIPS (FRENCH FRIES) PRODUCTION N 100,000
5.    LARGE SCALE RICE MILLING AND PACKAGING N 150,000
6.    TOMATO GREEN HOUSE FARMING N 150,000

7.    SODIUM HYPOCHLORITE PRODUCTION IN NIGERIA, (USING SALT BRINE AS RAW MATERIALS) N 300,000
8.   CAUSTIC SODA AND CHLORINE PRODUCTION IN NIGERIA, (USING SALT BRINE AS RAW MATERIALS) N 300,000

MINING BUSINESSES WITH LESS POTENTIALS TO EARN FOREIGN EXCHANGE

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    ROCK SALT MINING N 100,000
2.    MICA SHEETS MINING N 100,000
3.    BENTONITE ORE MINING N 100,000
4.    FELDSPAR MINING N 100,000
5.    FLOURSPAR MINING N 100,000
6.    LIMESTONE MINING N 100,000
7.    TALC MINING N 100,000
8.    KAOLIN MINING N 100,000
9.    PHOSPHATE MINING N 100,000
10.   DIATOMITE MINING N 100,000
11.   BARITE ORE MINING N 100,000
12.   SAND DREDGING AND PRODUCTION N 100,000
13.   ESTABLISHING A GRANITE QUARRY N 150,000

MINERAL PROCESSING BUSINESSES OPPORTUNITIES

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    BARITE MILLING AND PACKING N 30,000
2.    FELDSPAR MILLING AND PACKAGING N 30,000
3.    LIMESTONE MILLING AND PACKAGING N 30,000
4.    PRECIPITATED CALCIUM CARBONATE PRODUCTION N 50,000
5.    HYDRATED LIME PRODUCTION N 50,000

AGRICULTURAL PRODUCTION AND AGO-PROCESSING BUSINESS OPPORTUNITIES

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    BONE MEAL PRODUCTION N 30,000
2.    CASSAVA BASED ADHESIVE PRODUCTION N 30,000
3.    FULL FAT SOYA PRODUCTION N 30,000
4.    YAM FLOUR PRODUCTION N 30,000
5.    MAIZE FLOUR, GERM AND GRIT PRODUCTION N 100,000
6.    LARGE SCALE PALM KERNEL OIL PRODUCTION N 100,000
7.    COWPEA FLOUR PRODUCTION N 30,000
8.    WHEAT FLOUR PRODUCTION N 150,000
9.    PALM KERNEL OIL REFINING AND PACKAGING N 150,000
10.   SMALL SCALE PALM KERNEL OIL AND CAKE PRODUCTION N 30,000
11.   ESTABLISHING AND OPERATING A OIL PALM PLANTATION IN NIGERIA N 150,000
12.   ODOURLESS FUFU FLOUR PRODUCTION FROM CASSAVA TUBERS IN NIGERIA N 30,000
14.   CRAYFISH GRINDING AND PACKAGING IN NIGERIA N 30,000
15.   SMOKED CATFISH PRODUCTION N 30,000
16.   SESAME OIL PRODUCTION N 30,000
17.   POTATO CHIPS PRODUCTION N 30,000
18.   CORN {MAIZE} STARCH PRODUCTION N 30,000
19.   PLANTAIN CHIPS PRODUCTION N 30,000
20.   VEGETABLE OIL PRODUCTION FROM GROUNDNUT SEED N 30,000
21.   CASSAVA TUBERS CULTIVATION AND FARMING N 30,000
22.   POULTRY EGG AND LAYERS PRODUCTION FROM PULLETS N 50,000
23.   CASSAVA STARCH, FLOUR AND GARRI PRODUCTION IN NIGERIA N 100,000
24.   PROCESSING OF OIL PALM SEED { FRESH FRUIT BUNCH} TO PRODUCE PALM OIL AND PALM KERNEL NUTS N 50,000
25.   PALM KERNEL NUTS CRACKING AND SALES N 30,000
26.   CORN FLAKES PRODUCTION N 100,000
27.   GARRI PRODUCTION N 30,000
28.   CASSAVA STARCH PRODUCTION IN NIGERIA N 30,000
29.   PROCESSING OF FRESH FRUIT BUNCH {FFB} TO YIELD PALM OIL, PALM KERNEL OIL AND CAKE IN NIGERIA N 100,000
30.   PLANTAIN FLOUR PRODUCTION N 30,000
31.   FRUIT JUICE {PINEAPPLE} PRODUCTION IN NIGERIA N 30,000
32.   MINI-POULTRY FEED PRODUCTION IN NIGERIA N 30,000

33.  ESTABLISHING A POULTRY FARM NIGERIA  N 30,0000

34.  SOY-DAWADAWA PRODUCTION FROM SOYA BEAN  N 30,000
35.  VEGETABLE OIL PRODUCTION FROM SOYA BEAN SEEDS  N 30,000

CONSTRUCTION BUSINESS OPPORTUNITIES

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    CONSTRUCTION EQUIPMENT LEASING AND RENTAL N 100,000
2.    TERRAZZO TILES PRODUCTION N 100,000
3.    INTERLOCKING PAVING STONE PRODUCTION N 100,000
4.    MEDIUM SCALE CONCRETE BLOCK PRODUCTION N 10,000
5.    SAND, GRANITE AND CEMENT SUPPLY BUSINESS N 10,000

RECYCLING BUSINESS OPPORTUNITIES

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    SAWDUST BRIQUETTE PRODUCTION AND EXPORT N 100,000
2.    WASTE PAPER RECYCLING IN NIGERIA (JUMBO ROLLS PRODUCTION) N 150,000
3.    SCRAP TYRE RECYCLING IN NIGERIA N 150,000
4.    WASTE POLYTHENE MATERIAL RECYCLING AND PELLETISATION IN NIGERIA N 30,000

IMPORTATION BUSINESS OPPORTUNITIES

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    IMPORTATION AND MARKETING OF HOME APPLIANCES IN NIGERIA N 100,000
2.    APPLE IMPORTATION, STORAGE AND DISTRIBUTION IN NIGERIA N 100,000
3.    FLOATING FISH FEED IMPORTATION N 100,000

MANUFACTURING BUSINESS OPPORTUNITIES

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    PRODUCTION OF FERRIC ALUM (ALUMINIUM SULPHATE) IN NIGERIA N 150,000
2.    TOILET ROLL PRODUCTION N 50,000
3.    SACHET WATER PRODUCTION N 10,000
4.    EGG TRAY PRODUCTION N 30,000
5.    SERVIETTE PRODUCTION    N 30,000
6.    POLYPROPYLENE {PP} WOVEN SACK PRODUCTION IN NIGERIA 100,000
7.    HAULAGE OF MANUFACTURED PRODUCTS N 100,000
8.    PLASTIC DISPOSABLE CUP PRODUCTION IN NIGERIA N 50,000
9.    PAPER CUP PRODUCTION IN NIGERIA N 50,000
10.   DRINKING STRAW PRODUCTION N 30,000
11.   POLYTHENE SHOPPING BAG PRODUCTION N 50,000
12.   WASTE BAG {TRASH BAG} PRODUCTION IN NIGERIA N 50,000
13.   TOMATO KETCH-UP SAUCE PRODUCTION FROM CONCENTRATED TOMATOES PASTE 30-32% BRIX VALUE IN NIGERIA N 150,000
14.   TOMATO PASTE RE-PACKAGING FROM TOMATOES PASTE DRUMS IN NIGERIA N 150,000
15.   BREAD PRODUCTION IN NIGERIA N 30,000
16.   SACHET WATER {PURE WATER} AND BOTTLE WATER PRODUCTION N 20,000
17    LAUNDRY SOAP PRODUCTION N 30,000

LOCAL SUPPLY OF COMMODITY

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    COCOA SUPPLY TO LOCAL INDUSTRIES  N 5,000
2.    SESAME SEED SUPPLY TO LOCAL INDUSTRIES N 5,000
3.    GUM ARABIC SUPPLY TO LOCAL INDUSTRIES N 5,000
4.    SOYA BEANS SUPPLY TO LOCAL INDUSTRIES N 5,000
5.    SORGHUM SUPPLY TO LOCAL INDUSTRIES N 5,000
6.    PALM KERNEL NUTS SUPPLY TO LOCAL INDUSTRIES N 5,000
7.    RAW CASHEW NUT SUPPLY TO LOCAL INDUSTRIES N 5,000
8.    SOYA BEAN SUPPLY TO LOCAL INDUSTRIES N 5,000
9.    GROUNDNUT SUPPLY TO LOCAL INDUSTRIES N 5,000
10.   UNRIPE PLANTAIN SUPPLY TO LOCAL INDUSTRIES N 5,000
11.   DRIED HIBISCUS FLOWER SUPPLY TO LOCAL INDUSTRIES N 5,000
12.   CATTLE HORN SUPPLY TO LOCAL INDUSTRIES N 5,000
13.   DRY SPLIT GINGER SUPPLY TO LOCAL INDUSTRIES N 5,000
14.   METAL SCRAP SUPPLY TO LOCAL INDUSTRIES N 5,000
15.   MAIZE SUPPLY TO LOCAL INDUSTRIES N 5,000

16. BARITE ORE SUPPLY TO LOCAL INDUSTRIES N 5,000

17. WASTE PAPER SUPPLY TO LOCAL INDUSTRIES N 3,000

18. COWPEA SUPPLY TO LOCAL INDUSTRIES  N 5,000

19. PALM KERNEL OIL SUPPLY TO LOCAL INDUSTRIES N 5,000
20. PALM OIL SUPPLY TO LOCAL INDUSTRIES N 5,000
21. WASTE POLYTHENE MATERIAL SUPPLY TO LOCAL INDUSTRIES N 5,000

22.  PALM OIL TRADING IN NIGERIA  N 10,000
23.  CASSAVA TUBERS SUPPLY TO LOCAL INDUSTRIES N 5,000
24.  SUPPLY OF COTTON LINTS TO LOCAL INDUSTRIES  N 5,000
25.  SUPPLY OF GROUND NUT CAKES TO LOCAL INDUSTRIES  N 5,000
26.  SUPPLY OF PALM KERNEL CAKES TO LOCAL INDUSTRIES  N 5,000

OIL & GAS BUSINESS OPPORTUNITIES

(TO EXPLORE THE TABLE OF CONTENTS AND DETAILS OF THE REPORT, PLEASE DO CLICK ON THE TITLE OF THE REPORT)

1.    BARITE ORE MINING, MILLING AND PACKAGING  N 150,000 N 150,000
2.    ESTABLISHING A TANK FARM N 100,000
3.    ESTABLISHING A LIQUEFIED NATURAL GAS (LPG) PLANT N 50,000
4.    ESTABLISHING A SKID LIQUEFIED NATURAL GAS (LPG) PLANT N 50,000
5.    DIESEL SUPPLY AND DISTRIBUTION N 30,000
6.    LIQUEFIED NATURAL GAS (LPG) REFILLING AND DISTRIBUTION N 30,000
7.    ESTABLISHING A FUEL REFILLING STATION N 30,000

8.   BUNKER FUEL TRADING IN NIGERIA  N 20,000
9.   SUPPLY OF LOW POUR FUEL OIL (LPFO) TO LOCAL INDUSTRIES  N 25,000
10. SLUDGE TRADING IN NIGERIA   N 20,000

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Anaekwe Everistus Nnamdi
Foraminifera Market Research Limited
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Tel: +234 {0} 8033782777; + 234 (0) 908 335 7733 ; +234 (01) 29 52 413
E-mail: foraminiferamarketresearch@yahoo.com

FREE TRADE ZONE IN NIGERIA AND THE LOCAL CONTENT ACT.

In order to lessen the difficulties caused by the various import restrictions, the free trade zone idea was initiated.

Free trade zone is an enclave and not considered part of the country to which it is contiguous as far as import regulations are concerned. A free trade zone can receive shipment of goods for importation to be stored or processed without paying the required import duties until they leave the free trade zone area.

The idea of free trade zone is a well-developed system of attracting foreign direct investment {FDI} into a country that has been in practice in advance economies around the world and was introduced into Nigeria with the establish of the Nigeria Export Promotion Zone Authority { NEPZA}, which has led to the establishment of different free trade zones across the country.

The idea of free trade zone is meant to encourage world trade, limit trade restriction and promote employment.

In the oil and gas industry, Onne oil and gas free zone, Ladol free zone, Brass LNG free zone and Olokola free zone stands out as the free trade zone that specializes on oil and gas. Some of the companies above are not operational yet.

Nigerian Oil and Gas Industry have continued to play a key role in the country’s economic growth and development. The sector generates about 95 percent of total export revenue and 80 percent of her total national income.

In addition, it expends about $8 billion annually in servicing its operations. Sadly, a significant proportion of this amount is paid to foreign contractors for services like fabrication and engineering procurement; resulting into capital flight and leaving very little to developing the country’s industrial base.

With the passage of the Local Content Act, aimed at championing the course for higher indigenous participation in the sector and the opportunities available from operating in a free trade zone, Nigerian entrepreneur is better positioned to domesticate most of the contracts in the oil and gas industry in Nigeria.

The investor can fabricate, process and package products in the zone before they leave for the domestic market or re-export.

Some of the benefits of doing in any of the free trade zones in Nigeria include

No import or export license required.
Unrestricted remittance of profit and dividends earned by investors in the zone.
100% foreign ownership of enterprises in the zone allowed
100% export of goods produced in the zone to any destination
Rent – free land during construction of factory space
Free trade zones stimulate export by giving the exporter who produces his product a hedge against duties on the raw materials used in the production.

Some of the business opportunities available in the free trade zones include

Supply of raw material
Provision of cleaning services
Freight Forwarding Services
Provision of warehouse facility
Provision of security services
Investors interested in locating in one of Nigeria ‘s Free Trade Zones are only required to follow a few simple steps:

1. Pick up your application form online or from the administration of the Free Zone where you wish to locate or from the office of the Nigeria Export Processing Zones Authority (NEPZA) in Abuja . This application form costs N50,000 (non-refundable) or its US Dollars equivalent.

2. Fill out the application and submit it to the zonal administration or the NEPZA office in Abuja along with the required feasibility study. Your application will be reviewed and either approved or returned with observations within five working days.

3. If your application is approved, the required Operational Licence can be obtained from the Free Zone administration and from there on you contact your Zone of choice.

As soon as your company possesses an Operating Licence, it is officially incorporated in Nigeria and does not require any additional paperwork. It is at this point that the Free Zone will discuss your location on site with you and assign and reserve a space for you.

4. Remit your investment capital through banks located in the Zone which will in turn issue a Certificate of Capital Importation.

5. Prepare your building or warehouse space. Investors who are constructing their own buildings must submit four copies of the full architectural drawings of their building for approval by the Free Zone according to established building codes. Built-up area should not exceed 70% of the leased land, and construction should start within 3 months after execution of the agreement.

6. Move in and operate! The process is just that easy! The Government has designed the process to be as streamlined and user-friendly as possible.

Some companies may have some additional permits and procedures to follow such as obtaining permission for your foreign national and employees which can be done on-site as immigration offices are in the Free Zones.

For comparison purpose, bonded warehouses are similar to free trade zones in concept only that they are usually smaller.

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Foraminifera Market Research Limited (www.foramfera.com) is part of a family of businesses, which includes several brands such as

Hausworth Nigeria Limited owners of

365 Home Improvement — www.365homeimprovement.com (Nigeria’s One Stop Home Improvement Portal)
365 Property Portal — www.365propertyportal.com (Property listing, building materials sales and movers in Nigeria)

Kyneli Business Support Services owners of

www.365campaigner.com

365 Campaigner is a complete suite of social collaboration, communication and management tools for your team. From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals.
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At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below

MARKET RESEARCH REPORTS IN NIGERIA
INVESTMENT OPPORTUNITIES IN NIGERIA

Do you require a business plan or feasibility report on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 (Monday – Saturday; 8 am – 5 pm)

Mobile Number: +234 (0) 8033782777;+ 234 (0) 908 335 7733 (Monday – Saturday; 8 am – 6 pm)

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

BEYOND ECONOMIC REPAIR {BER} PHONE EXPORT IN NIGERIA.

A lot as been said in the area of creating wealth from waste especially from the recycling of plastic materials and paper. However, as it seems the problem most entrepreneurs in this part of the world when they want to start such a business is in the area of space and cost of machinery/equipment.

The export of beyond economic repair phone would not only help in the preservation of our natural resources and indirectly helping to fight against global warming, it is a business that can be done without the need for space and machinery. The business can be operated from the comfort of your home.

As the name implies, Beyond Economic Repair {BER} phone are phones that have been declared economically unfit for repair. That is, the cost of repairing the phone is more than the cost of the phone itself. Then you would ask yourself what good is the then. Though the phone might be economically unfit for repair but the still containing some important component like the integrated circuit {IC} which are can be used in the repair and production of other phone. The demand for the product span across Europe, Asia and America.

Since the advent of GSM in Nigeria in 2001, the country has witness a steady growth in the teledensity to its present of over 50 million subscribers and this presupposes that Nigeria is a reliable source of BER phone.

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365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals. Visit www.365campaigner.com for more information.
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Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}

Mobile Number: +234 {0} 8033782777 ; + 234 (0) 908 335 7733 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

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