Industrial marketing in Nigeria
Vektron Merchants finds manufacturers, processors and industrial projects in Nigeria for foreign companies that want to supply, buy or invest there. We confirm the first meetings and plan the visit.
What does industrial marketing in Nigeria involve?
Nigeria's largest industrial projects sit in free zones. The Dangote refinery, in the Lekki Free Zone near Lagos, has a crude unit capacity of 700,000 barrels a day, according to the company. Industrial marketing in Nigeria means finding the manufacturers, processors and projects that fit the client's plans and reaching the owners and plant managers.
Who are the main counterparties in Nigeria's industrial sector?
The Nigeria Export Processing Zones Authority (NEPZA) regulates free zones and their incentives, including tax reliefs and duty waivers. The Nigerian Investment Promotion Commission (NIPC) is the investment agency. Large groups such as Dangote run refining, cement and fertiliser plants. Manufacturers, processors and distributors make up the rest.
What a foreign company needs to prepare in Nigeria
Foreign investors can own up to 100% of most Nigerian companies, outside the negative list. A foreign-owned company must incorporate with the Corporate Affairs Commission, file with NIPC and hold a business permit before it starts business. Hiring foreign staff needs an expatriate quota from the Federal Ministry of Interior.
What Vektron does, and what the client keeps
We build a list of manufacturers, processors and projects that fit the client's brief and check each against public records and sanctions lists. Our staff reach the owner or chief executive, confirm meetings in Lagos or Abuja, prepare the visit plan and introduce local advisers. Due diligence, legal advice, negotiation, contracts, payments and approvals stay with the client.
Questions
Can a foreign company own 100% of a Nigerian business? Yes, in most sectors, outside the negative list. The client should confirm its case with Nigerian counsel.
Who regulates free zones in Nigeria? The Nigeria Export Processing Zones Authority (NEPZA).